Latvian Memorial Park Cemetery Corporation (EIN 222588995) - 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

1985

Legal Domicile

Principal Officer

Juris Blodnieks

Phone

5185895597

Tax Period

2023-01-01 to 2023-12-31

Latvian Memorial Park Cemetery Corporation, founded in 1985, is a small nonprofit that reported $279K in total revenue in fiscal year 2023. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $151K, a strong 54% operating margin.

Mission

The maintenance of the cemetery, lto sales, perpetual car, interments and other related cemetery matters

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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 $160,965

Program Service Revenue $66,438

Investment Income $46,424

Other Revenue $5,400

TOTAL REVENUE $279,227

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,206

Fundraising Expenses $0

Program Expenses $104,943

Other Expenses $117,471

TOTAL EXPENSES $128,677

Year-over-Year Comparison

	2023	2022	Change
Revenue	$279,227	$178,662	+0.6%
Expenses	$128,677	$90,329	+0.4%
Net Income	$150,550	$88,333	+0.7%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andris Vitins	President	002.00	Officer	$0	$0	$0
Juris Blodnieks	Vice President	004.00	Officer	$0	$0	$0
Uldis Silgalis	Secretary	002.00	Officer	$0	$0	$0
Janis Aizstrauts	Treasurer	004.00	Officer	$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
2023	$279,227	$128,677	$1,358,727	$150,550
2022	$178,662	$90,329	$1,116,777	$88,333
2021	$101,612	$75,385	$1,222,512	$26,227
2020	$77,850	$74,294	$1,126,463	$3,556
2019	$116,960	$81,534	$1,036,165	$35,426
2018	$69,803	$87,815	$878,668	$-18,012

Latvian Memorial Park Cemetery Corporation