NEW JERSEY LATVIAN SOCIETY U S A

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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

1951

Legal Domicile

Principal Officer

Ingida valdmanis

Phone

9178035596

Tax Period

2025-01-01 to 2025-12-31

NEW JERSEY LATVIAN SOCIETY U S A, founded in 1951, is a small nonprofit that reported $118K in total revenue in fiscal year 2025. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $181K exceeded revenue, resulting in a 54% operating deficit.

Mission

to preserve & promote Latvian culture, educate & support Latvian youth, strengthen Latvian heritage & educate public about historical events. Organize Cultural events, Support Latvian youth with Latvian language scholarships, provide help for needy.

Program Service Accomplishments

Program 1

Expenses: $14,325 Revenue: $0

Support Latvian youth with Latvian language scholarships

Program 2

Expenses: $19,282 Revenue: $14,837

preserve & remote culture, organize cultural events, programs

Program 3

Expenses: $147,516 Revenue: $98,604

maintain cultural center for meetings & cultural events such as concerts & seminars

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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 (2025)

Revenue Breakdown

Contributions & Grants $61,380

Program Service Revenue $16,332

Investment Income $5,282

Other Revenue $34,983

TOTAL REVENUE $117,977

Expense Breakdown

Grants Paid $13,725

Salaries & Benefits $27,046

Fundraising Expenses $0

Program Expenses $181,123

Other Expenses $139,752

TOTAL EXPENSES $181,123

Year-over-Year Comparison

	2025	2024	Change
Revenue	$117,977	$184,874	-0.4%
Expenses	$181,123	$144,628	+0.3%
Net Income	$-63,146	$40,246	-2.6%

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

170

Employees

Volunteers

190

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
Jolanta Mockus	President	5	Officer	$0	$0	$0
Maris Sermolins	vice pres	2	Officer	$0	$0	$0
Ingrida I valdmanis	treasurer	4	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
2025	$117,977	$181,123	$525,135	$-63,146
2024	No data	No data	No data	No data
2023	$148,820	$115,674	$549,428	$33,146
2022	$114,681	$150,175	$518,299	$-35,494
2021	$237,415	$243,101	$553,555	$-5,686
2020	$88,174	$58,297	$561,026	$29,877
2019	$85,077	$88,690	$528,717	$-3,613