BALTIC-AMERICAN FREEDOM FOUNDATION

EIN: 272771854 International Affairs

OWINGS, MD

Total Revenue
$1,519,739
Total Expenses
$3,909,356
Total Assets
$20,316,869
Net Assets
$19,651,247
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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
2010
Legal Domicile
DE
Principal Officer
ALAN A GRIFFIN
Phone
4434583737
Tax Period
2024-09-01 to 2025-08-31

BALTIC-AMERICAN FREEDOM FOUNDATION, founded in 2010, is a community nonprofit in the International Affairs sector that reported $1.5M in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $3.9M exceeded revenue, resulting in a 157% operating deficit.

Mission

TO ENRICH THE TIES BETWEEN THE UNITED STATES AND LATVIA, LITHUANIA, AND (CONTINUED ON SCHEDULE O) ESTONIA, THROUGH PROGRAMS OF EDUCATION AND EXCHANGE CENTERING ON ECONOMIC GROWTH AND DEMOCRATIC PROCESSES. VISIBLY STRENGTHENING U.S.-BALTIC TIES IS A CORE GOAL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $1,519,739
Other Revenue $0
TOTAL REVENUE $1,519,739

Expense Breakdown

Grants Paid $2,258,995
Salaries & Benefits $90,000
Fundraising Expenses $0
Program Expenses $3,410,658
Other Expenses $1,560,361
TOTAL EXPENSES $3,909,356

Year-over-Year Comparison

2024 2023 Change
Revenue $1,519,739 $2,058,100 -0.3%
Expenses $3,909,356 $3,674,858 +0.1%
Net Income $-2,389,617 $-1,616,758 +0.5%
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
11
Independent Members
11
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
3
$90,000
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANGUOLE ALTMAN CO-CHAIR 4.00
Officer Director
$0 $0 $0
RICHARD C SHERIDAN CO-CHAIR 4.00
Officer Director
$0 $0 $0
KIM G DAVIS DIRECTOR 2.00
Director
$0 $0 $0
JOANNE MEDERO DIRECTOR 4.00
Director
$0 $0 $0
MICHAEL C POLT DIRECTOR 2.00
Director
$0 $0 $0
RANDAL QUARLES DIRECTOR 2.00
Director
$0 $0 $0
PETER A RAGAUSS DIRECTOR 2.00
Director
$0 $0 $0
DR ASTA SENDONARIS DIRECTOR 3.00
Director
$0 $0 $0
RODNEY E SLATER DIRECTOR 2.00
Director
$0 $0 $0
MARK SULLIVAN DIRECTOR 2.00
Director
$0 $0 $0
ANDRES TRINK DIRECTOR 2.00
Director
$0 $0 $0
ALAN A GRIFFIN CHIEF ADMINISTRATIVE OFFICER 8.00
Officer
$90,000 $0 $90,000
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 $1,519,739 $3,909,356 $20,316,869 $-2,389,617
2024 $2,058,100 $3,674,858 $22,888,870 $-1,616,758
2023 $2,665,047 $3,053,759 $23,010,950 $-388,712
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