Latvian Community Center (EIN 356042635) - 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

1965

Legal Domicile

Principal Officer

ANDRIS KRUMKALNS

Phone

3172550992

Tax Period

2023-01-01 to 2023-12-31

Latvian Community Center, founded in 1965, is a micro nonprofit that reported $82K in total revenue in fiscal year 2023. Revenue surged 66% from the prior year, signaling strong growth momentum. Expenses of $77K left a modest 6% surplus.

Mission

Facilities for Latvian language school choir folk dancing concerts lectures exhibits library youth and senior citizen activities

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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 $86,165

Program Service Revenue $0

Investment Income $1,620

Other Revenue $-5,552

TOTAL REVENUE $82,233

Expense Breakdown

Grants Paid $1,100

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $77,042

Other Expenses $75,942

TOTAL EXPENSES $77,042

Year-over-Year Comparison

	2023	2022	Change
Revenue	$82,233	$49,464	+0.7%
Expenses	$77,042	$69,274	+0.1%
Net Income	$5,191	$-19,810	-1.3%

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
OJARS BERZINS	Treasurer	3.000	Officer	$0	$0	$0
ANDRIS KRUMKALNS	President	8.000	Officer	$0	$0	$0
ILZE BERZINS	Secretary	3.000	Officer	$0	$0	$0
RONALD LACIS	Finance Officer	1.000	Officer	$0	$0	$0
DAINIS OZERS	vice president	1.000	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	$82,233	$77,042	$1,167,535	$5,191
2022	$49,464	$69,274	$1,059,943	$-19,810
2021	$1,661	$55,110	$1,081,185	$-53,449
2020	$-27,987	$51,530	$1,134,635	$-79,517

Latvian Community Center