LATVIAN 50 YEAR OCCUPATION MUSEUM … - Form 990 Financial Data

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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

1996

Legal Domicile

Principal Officer

IRENE LAZDA

Phone

4402853175

Tax Period

2024-01-01 to 2024-12-31

LATVIAN 50 YEAR OCCUPATION MUSEUM FUND SUPPORT GROUP, founded in 1996, is a small nonprofit in the International Affairs sector that reported $560K in total revenue in fiscal year 2024. Revenue surged 66% from the prior year, signaling strong growth momentum. The organization ran a surplus of $202K, a strong 36% operating margin.

Mission

SUPPORT OF 50 YEAR OCCUPATION MUSEUM IN RIGA, LATVIA

Program Service Accomplishments

Program 1

Expenses: $354,729 Revenue: $0

FINANCIAL SUPPORT OF THE 50 YEAR OCCUPATION MUSEUM IN RIGA, LATVIA INCLUDES COLLECTING MATERIALS FOR EXHIBITS, TRAVELING EXHIBITS AND DOCUMENTS, AND PHOTOGRAPHY OF THE SOVIET OCCUPATION OF LATVIA...

FINANCIAL SUPPORT OF THE 50 YEAR OCCUPATION MUSEUM IN RIGA, LATVIA INCLUDES COLLECTING MATERIALS FOR EXHIBITS, TRAVELING EXHIBITS AND DOCUMENTS, AND PHOTOGRAPHY OF THE SOVIET OCCUPATION OF LATVIA, DEVELOPMENT AND DISTRIBUTION OF EDUCATIONAL MATERIALS FOR CLASSROOM USE FOR GRADES 6 THROUGH 8.

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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 $408,267

Program Service Revenue $0

Investment Income $151,602

Other Revenue $0

TOTAL REVENUE $559,869

Expense Breakdown

Grants Paid $340,847

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $354,729

Other Expenses $16,809

TOTAL EXPENSES $357,656

Year-over-Year Comparison

	2024	2023	Change
Revenue	$559,869	$336,550	+0.7%
Expenses	$357,656	$241,078	+0.5%
Net Income	$202,213	$95,472	+1.1%

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
DAINA ALBERTINS	DIRECTOR	1.00	Director	$0	$0	$0
DR ARTURS GRAVA	DIRECTOR	1.00	Director	$0	$0	$0
ANDREJS LAZDA	DIRECTOR	1.00	Director	$0	$0	$0
PAULIS LAZDA	DIRECTOR	1.00	Director	$0	$0	$0
DR VAIRA PELEKIS-CHRISTOPHER	DIRECTOR	1.00	Director	$0	$0	$0
IVARS PETROVSKIS	DIRECTOR	1.00	Director	$0	$0	$0
INTS RUPNERS	DIRECTOR	1.00	Director	$0	$0	$0
DR IRENE LAZDA	PRESIDENT	1.00	Officer Director	$0	$0	$0
ERIK KAKULIS	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
ILZE RESNIS	TREASURER	1.00	Officer Director	$0	$0	$0
DR JURIS MEZINSKIS	SECRETARY	1.00	Officer Director	$0	$0	$0
JURIS KINS	REGISTERED AGENT	1.00	Officer 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
2025	No data	No data	No data	No data
2024	$559,869	$357,656	$6,289,202	$202,213
2023	$336,550	$241,078	$5,697,063	$95,472
2022	$3,180,752	$1,302,678	$4,973,278	$1,878,074
2021	$675,248	$561,267	$7,057,151	$113,981
2020	$475,656	$282,494	$5,743,248	$193,162
2019	$352,132	$277,203	$4,786,770	$74,929
2018	$668,340	$387,452	$3,842,450	$280,888

LATVIAN 50 YEAR OCCUPATION MUSEUM FUND SUPPORT GROUP