ASSOCIATION FOR THE ADVANCEMENT OF BALTIC STUDIES (EIN 237089112) - 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

1968

Legal Domicile

Principal Officer

UGIS SPRUDZS

Phone

6508479115

Tax Period

2022-07-01 to 2023-06-30

ASSOCIATION FOR THE ADVANCEMENT OF BALTIC STUDIES, founded in 1968, is a small nonprofit in the International Affairs sector that reported $253K in total revenue in fiscal year 2022. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $364K exceeded revenue, resulting in a 44% operating deficit.

Mission

THE ASSOCIATION WAS ESTABLISHED TO PROMOTE RESEARCH AND EDUCATION IN BALTIC STUDIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $18,875

Program Service Revenue $18,000

Investment Income $199,374

Other Revenue $16,935

TOTAL REVENUE $253,184

Expense Breakdown

Grants Paid $135,435

Salaries & Benefits $95,760

Fundraising Expenses $0

Program Expenses $201,676

Other Expenses $133,182

TOTAL EXPENSES $364,377

Year-over-Year Comparison

	2022	2021	Change
Revenue	$253,184	$208,611	+0.2%
Expenses	$364,377	$460,879	-0.2%
Net Income	$-111,193	$-252,268	-0.6%

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

Employees

N/A

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

$48,510

Total Directors

$47,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BENJAMIN GARDNER-GILL	ASST DIR OF OUTREACH AND ENGAGEMENT	1.00	Director	$47,250	$0	$47,250
AUSRA PARK	VP PUBLICATIONS	1.00	Director	$0	$0	$0
KRISTO NURMIS	STUDENT REPRESENTATIVE	1.00	Director	$0	$0	$0
GUNTIS SMIDCHENS	EXECUTIVE OFFICER-AT-LARGE	1.00	Director	$0	$0	$0
INETA DABASINSKIENE	VP PROFESSIONAL DEVELOPMENT	1.00	Director	$0	$0	$0
ANDRES KASEKAMP	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
LAURA DEAN	VP CONFERENCES	1.00	Director	$0	$0	$0
DAUNIS AUERS	PRESIDENT	1.00	Officer Director	$0	$0	$0
DOVILE BUDRYTE	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
IEVA ZAKE	SECRETARY	1.00	Officer Director	$0	$0	$0
UGIS SPRUDZS	TREASURER	1.00	Officer Director	$0	$0	$0
LIISI ESSE	ADMINISTRATIVE EXECUTIVE DIRECTOR	15.00	Officer	$48,510	$0	$48,510
OLAVI ARENS	ACADEMIC EXECUTIVE DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$253,184	$364,377	$3,904,792	$-111,193
2022	$208,611	$460,879	$3,991,290	$-252,268
2021	$326,556	$206,530	$4,697,498	$120,026
2020	$134,782	$228,368	$4,030,393	$-93,586
2019	$142,571	$163,182	$3,908,859	$-20,611
2018	$163,254	$209,795	$3,756,677	$-46,541

ASSOCIATION FOR THE ADVANCEMENT OF BALTIC STUDIES