Latvijas Brivibas Fonds Ltd (EIN 237325700) - 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

1973

Legal Domicile

Principal Officer

Roberts Kukainis

Phone

8644341656

Tax Period

2023-01-01 to 2023-12-31

Latvijas Brivibas Fonds Ltd, founded in 1973, is a small nonprofit in the International Affairs sector that reported $104K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $227K exceeded revenue, resulting in a 119% operating deficit.

Mission

Provide support for the educational and cultural programs and activities of the World Federation of Free Latvians, Inc. - 501(c)(3) organization and other organizations with similar goals and purposes.

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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 $5,690

Program Service Revenue $0

Investment Income $97,990

Other Revenue $0

TOTAL REVENUE $103,680

Expense Breakdown

Grants Paid $220,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $220,000

Other Expenses $7,018

TOTAL EXPENSES $227,018

Year-over-Year Comparison

	2023	2022	Change
Revenue	$103,680	$123,111	-0.2%
Expenses	$227,018	$186,493	+0.2%
Net Income	$-123,338	$-63,382	+0.9%

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

N/A

Volunteers

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
Roberts Kukainis	President	3.00	Officer	$0	$0	$0
Peter Blumberg	Board Chairman	0.40	Officer Director	$0	$0	$0
Martins Andersons	Board Vice-Chair	0.20	Officer Director	$0	$0	$0
Fritz Kristbergs	Board Member	0.20	Director	$0	$0	$0
Skaidrite Agulevica	Board Member	0.20	Director	$0	$0	$0
Justine Kreslina	Board Member	0.20	Director	$0	$0	$0
Lauma Vlasova	Board Member	0.20	Director	$0	$0	$0
Renate De Karvalo-Albrehta	Board Member	0.20	Director	$0	$0	$0
There are nine other board members	Board Members	0.10	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	$103,680	$227,018	$2,517,070	$-123,338
2022	$123,111	$186,493	$2,302,087	$-63,382
2021	$309,852	$360,230	$2,931,105	$-50,378
2020	$263,573	$247,718	$2,664,120	$15,855
2019	$431,219	$271,416	$2,468,762	$159,803
2018	$236,045	$340,193	$1,985,165	$-104,148

Latvijas Brivibas Fonds Ltd