A status indicating latch comprises a housing having a flange, and the flange has a plurality of apertures transversing the flange. A plurality of attachment means attach the housing flange to a panel. The panel further comprises an activation tool port that an activation tool is inserted into. The activation tool rotates a rotatable lock mechanism disposed within the housing. The lock mechanism comprises a shaft, an activation tool engagement member, a plunger disposed within the shaft and connected to the activation tool engagement member, a cam operatively connected to said plunger, and a plunger biasing means that biases the plunger upwards when the lock mechanism is locked. A guide operatively connected to the cam operates upon a pivot arm that is pivotally connected to the housing and slidably connected to the guide.