LATVIAN MEDICAL FOUNDATION C/O DR ZARINS (EIN 043134710) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Principal Officer

BERTRAM ZARINS MD

Phone

6177263421

Tax Period

2023-10-01 to 2024-09-30

LATVIAN MEDICAL FOUNDATION C/O DR ZARINS, founded in 1990, is a micro nonprofit in the Health Care sector that reported $48K in total revenue in fiscal year 2023. Revenue surged 74% from the prior year, signaling strong growth momentum. Expenses of $111K exceeded revenue, resulting in a 129% operating deficit.

Mission

FELLOWSHIP AWARDS.IMPROVE HEALTH CARE DELIVERY IN LATVIA.HUMANITARIAN ASSISTANCE TO UKRAINE AND UKRANIAN REFUGEES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,550

Program Service Revenue $0

Investment Income $41,920

Other Revenue $0

TOTAL REVENUE $48,470

Expense Breakdown

Grants Paid $76,461

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $76,461

Other Expenses $34,390

TOTAL EXPENSES $110,851

Year-over-Year Comparison

	2023	2022	Change
Revenue	$48,470	$27,889	+0.7%
Expenses	$110,851	$117,506	-0.1%
Net Income	$-62,381	$-89,617	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER K ZARINS MD	CHAIRMAN	Director	$0	$0	$0
BERTRAM ZARINS MD	SECRETARY/TREASURER	Officer Director	$0	$0	$0
JANIS TUPESIS MD	DIRECTOR	Director	$0	$0	$0
ALEKSANDRS KALNINS MD	PRESIDENT	Officer Director	$0	$0	$0
DAINIS KRIEVINS MD PHD	VICE PRESIDENT	Officer Director	$0	$0	$0
KAMENA KAIDAKA MD	DIRECTOR	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2024	$48,470	$110,851	$1,249,935	$-62,381
2023	$27,889	$117,506	$1,135,400	$-89,617
2022	$1,041,678	$194,485	$1,221,352	$847,193
2021	$736	$10,880	$403,904	$-10,144
2020	$25,792	$3,195	$386,844	$22,597
2019	$73,504	$68,122	$360,632	$5,382
2018	$33,102	$46,324	$354,250	$-13,222
2017	$31,035	$7,635	$365,137	$23,400

LATVIAN MEDICAL FOUNDATION C/O DR ZARINS