Latvian Evangelical Lutheran Church Home for the Elderly Inc (EIN 521631630) - 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

1989

Legal Domicile

Principal Officer

Dace Zalmanis

Phone

2403281064

Tax Period

2024-01-01 to 2024-12-31

Latvian Evangelical Lutheran Church Home for the Elderly Inc, founded in 1989, is a small nonprofit in the Housing & Shelter sector that reported $162K in total revenue in fiscal year 2024. The organization ran a surplus of $40K, a strong 25% operating margin.

Mission

LELCHE, Inc. is an organization of volunteers who administer and maintain a building providing low cost quality rental housing for the elderly members of the Latvian Evangelical Lutheran Church of Washington, DC

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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 $6,602

Program Service Revenue $139,745

Investment Income $15,171

Other Revenue $0

TOTAL REVENUE $161,518

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $120,084

Other Expenses $121,334

TOTAL EXPENSES $121,334

Year-over-Year Comparison

	2024	2023	Change
Revenue	$161,518	$160,520	+0.0%
Expenses	$121,334	$118,816	+0.0%
Net Income	$40,184	$41,704	0.0%

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
Dace Zalmanis	Chairman of the Board	8.00	Officer Director	$0	$0	$0
Anita Juberts	President	4.00	Officer Director	$0	$0	$0
Vija Udenans	Vice-President	2.00	Officer Director	$0	$0	$0
Rasma Karins	Treasurer	15.00	Officer Director	$0	$0	$0
Rita Laima Berzins	Secretary	4.00	Officer Director	$0	$0	$0
Kristine Allen	Assistant Treasurer	1.00	Officer Director	$0	$0	$0
Daina Bolsteins	Assistant Secretary	1.00	Officer Director	$0	$0	$0
Ulvis Grinvalds	Board Member	1.00		$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
2024	$161,518	$121,334	$1,411,547	$40,184
2023	$160,520	$118,816	$1,418,956	$41,704
2022	$141,714	$112,743	$1,414,133	$28,971
2021	$129,993	$126,969	$1,409,362	$3,024
2020	$149,340	$127,541	$1,454,208	$21,799

Latvian Evangelical Lutheran Church Home for the Elderly Inc