LATVIAN RELIEF FUND OF AMERICA INC (EIN 231579118) - 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

1954

Legal Domicile

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

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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 $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

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

$249,708

Total Directors

$249,708

Key Employees

Highest Compensated

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

LATVIAN RELIEF FUND OF AMERICA INC