NEW JERSEY LATVIAN SOCIETY U S A (EIN 226082738) - 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

1951

Legal Domicile

Principal Officer

Ingrida Valdmanis

Phone

9178035596

Tax Period

2023-01-01 to 2023-12-31

NEW JERSEY LATVIAN SOCIETY U S A, founded in 1951, is a small nonprofit that reported $149K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $33K, a strong 22% operating margin.

Mission

Social club, Non-Profit Corp. Activities: 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.

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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 $88,831

Program Service Revenue $10,918

Investment Income $2,116

Other Revenue $46,955

TOTAL REVENUE $148,820

Expense Breakdown

Grants Paid $2,900

Salaries & Benefits $11,883

Fundraising Expenses $0

Program Expenses $115,674

Other Expenses $100,191

TOTAL EXPENSES $115,674

Year-over-Year Comparison

	2023	2022	Change
Revenue	$148,820	$114,681	+0.3%
Expenses	$115,674	$150,175	-0.2%
Net Income	$33,146	$-35,494	-1.9%

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

206

Employees

Volunteers

124

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
Sarmite Leja	President	5	Officer	$0	$0	$0
Maris Sermolins	vice pres	4	Officer	$0	$0	$0
Ingrida I valdmanis	treasurer	3	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	$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

NEW JERSEY LATVIAN SOCIETY U S A