LATVIAN CLEVELAND CREDIT UNION INC (EIN 346533876) - 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

1960

Legal Domicile

Principal Officer

ROBERT JUNGE

Phone

2162281996

Tax Period

2024-01-01 to 2024-12-31

LATVIAN CLEVELAND CREDIT UNION INC, founded in 1960, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $952K left a modest 12% surplus.

Mission

CREDIT UNION

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $740,203

Investment Income $343,820

Other Revenue $0

TOTAL REVENUE $1,084,023

Expense Breakdown

Grants Paid $0

Salaries & Benefits $291,994

Fundraising Expenses $0

Other Expenses $230,796

TOTAL EXPENSES $952,135

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,084,023	$996,499	+0.1%
Expenses	$952,135	$838,603	+0.1%
Net Income	$131,888	$157,896	-0.2%

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

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

$93,163

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDRIS CELCHERTS	PRESIDENT	12.00	Officer Director	$0	$0	$0
N GINT STRAUTNIEKS	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
NORA HURLEY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
PETER GRAVA	DIRECTOR	2.00	Director	$0	$0	$0
LAURA TOMKO	DIRECTOR	2.00	Director	$0	$0	$0
KRISTAPS DAUKSS	DIRECTOR	2.00	Director	$0	$0	$0
HILDA FRIGIC	DIRECTOR	2.00	Director	$0	$0	$0
JONAS MULIOLIS	DIRECTOR	2.00	Director	$0	$0	$0
JONATHAN KOCH	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT JUNGE	CEO	40.00	Officer	$93,163	$0	$93,163

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	$1,084,023	$952,135	$30,008,456	$131,888
2023	$996,499	$838,603	$30,393,363	$157,896
2022	$950,859	$751,837	$32,593,518	$199,022
2021	$807,910	$741,922	$35,081,156	$65,988
2020	$920,550	$847,788	$33,740,216	$72,762
2019	$996,683	$865,987	$30,409,783	$130,696
2018	$991,215	$842,815	$30,107,096	$148,400

LATVIAN CLEVELAND CREDIT UNION INC