LATVIAN RELIEF FUND OF AMERICA INC

EIN: 231579118

ELKINS PARK, PA

Total Revenue
$349,488
Total Expenses
$706,094
Total Assets
$2,894,864
Net Assets
$20,034
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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
1954
Legal Domicile
PA
Principal Officer
ELENA BERZINS
Phone
2156354137
Tax Period
2023-01-01 to 2023-12-31

LATVIAN RELIEF FUND OF AMERICA INC, founded in 1954, is a small nonprofit that reported $349K in total revenue in fiscal year 2023. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $706K exceeded revenue, resulting in a 102% operating deficit.

Mission

ASSIST MEMBERS WITH MEDICAL, MORTUARY, AND EMERGENCY ASSISTANCE

Program Service Accomplishments

Program 1
Expenses: $29,831 Revenue: $47,544

THE LATVIAN RELIEF FUND OF AMERICA, INC. HAS PROVIDED FINANCIAL ASSISTANCE TO ITS MEMBERS AND THEIR DEPENDENTS IN ACCORDANCE WITH THE BY-LAWS AND REGULATIONS OF THE ORGANIZATION WITH THE FOLLOWING...

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THE LATVIAN RELIEF FUND OF AMERICA, INC. HAS PROVIDED FINANCIAL ASSISTANCE TO ITS MEMBERS AND THEIR DEPENDENTS IN ACCORDANCE WITH THE BY-LAWS AND REGULATIONS OF THE ORGANIZATION WITH THE FOLLOWING SCHEDULE: FOR MORTUARY EXPENSES

Program 2
Expenses: $28,421 Revenue: $50,824

FOR MEDICAL BENEFITS

Program 3
Expenses: $76,140 Revenue: $164,890

FOR MEDICARE SUPPLEMENTAL EXPENSES

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $14,665
Program Service Revenue $385,515
Investment Income $-55,492
Other Revenue $4,800
TOTAL REVENUE $349,488

Expense Breakdown

Grants Paid $29,128
Salaries & Benefits $373,239
Fundraising Expenses $0
Program Expenses $437,287
Other Expenses $169,335
TOTAL EXPENSES $706,094

Year-over-Year Comparison

2023 2022 Change
Revenue $349,488 $910,361 -0.6%
Expenses $706,094 $725,621 0.0%
Net Income $-356,606 $184,740 -2.9%
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

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Governance

Voting Members
6
Independent Members
2
Employees
8
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
5
$249,708
Total Directors
6
$249,708
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN GUNARS BERZINS PRESIDENT 45.00
Officer Director
$131,403 $5,820 $137,223
IVETA KNESE SECRETARY 40.00
Officer Director
$54,912 $3,300 $58,212
ELENA BERZINS VP - FINANCE 40.00
Officer Director
$51,249 $2,544 $53,793
SILVIA AUGSTROZE TREASURER 10.00
Officer Director
$480 $0 $480
IGOR STURM ESQUIRE BOARD MEMBER N/A
Director
$0 $0 $0
DR JANIS ZVARGULIS VICE-PRESIDE N/A
Officer 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
2023 $349,488 $706,094 $2,894,864 $-356,606
2022 $910,361 $725,621 $3,142,466 $184,740
2021 $919,094 $708,147 $4,102,548 $210,947
2020 $564,805 $693,162 $4,235,919 $-128,357
2019 $676,852 $851,195 $4,342,679 $-174,343
2018 $737,068 $867,479 $4,237,790 $-130,411
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