Minneapolis, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Latvian Organization Association of Minnesota, founded in 2002, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $30K in total revenue in fiscal year 2022. Revenue surged 707% from the prior year, signaling strong growth momentum. Expenses of $73K exceeded revenue, resulting in a 140% operating deficit.
Organized exclusively for charitable purposes to encourage, support, maintain, and promote Latvian culture and language.
A precinct for Latvia's Parliamentary (Saeima) elections was run in the Latvian Church on October 1, allowing Latvian citizens in the area to vote. 81 people cast ballots.
The annual Summer Solstice celebration took place on 6/23/22 at Roseville Park. The local Latvian dance group "Perkonitis" performed some dances, the choir sang Solstice songs, with the kokle...
The annual Summer Solstice celebration took place on 6/23/22 at Roseville Park. The local Latvian dance group "Perkonitis" performed some dances, the choir sang Solstice songs, with the kokle ensemble accompanying on some songs. After the performances, the folk group "Lini" played songs and dance tunes for audience participation.
"Valiant" showing on June 1 - A movie about protests in the 1980's for a free Latvia.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $30,343 | $3,761 | +7.1% |
| Expenses | $72,855 | $5,915 | +11.3% |
| Net Income | $-42,512 | $-2,154 | +18.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Maija Zaeska | Chairperson | 5 |
Officer
Director
|
$0 | $0 | $0 |
| Ansis Viksnins | Vice Chair | 5 |
Officer
Director
|
$0 | $0 | $0 |
| Elga Pone | Secretary | 5 |
Officer
Director
|
$0 | $0 | $0 |
| Janis Dimants | Individual Trustee | 2 |
Director
|
$0 | $0 | $0 |
| Egons Dunens | Individual Trustee | 2 |
Director
|
$0 | $0 | $0 |
| Liga Lacis | Individual Trustee | 2 |
Director
|
$0 | $0 | $0 |
| Baiba Olinger | Individual Trustee | 2 |
Director
|
$0 | $0 | $0 |
| Mara Pelecis | Individual Trustee | 2 |
Director
|
$0 | $0 | $0 |
| Sarma Straumanis | Individual Trustee | 2 |
Director
|
$0 | $0 | $0 |
| Vilnis Stolcers | Treasurer | 5 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2022 | $30,343 | $72,855 | $564,152 | $-42,512 |
| 2018 | $34,672 | $58,232 | $506,388 | $-23,560 |
Compare Latvian Organization Association of Minnesota with other nonprofits in Minnesota and across the country.