XIV Latvian Song and Dance Festival Inc

EIN: 811290970 501(c)(3)

Silver Spring, MD

Total Revenue
$58
Total Expenses
$3,565
Total Assets
$88,292
Net Assets
$88,292
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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
2016
Legal Domicile
MD
Principal Officer
Marisa Gudrais
Phone
2404470302
Tax Period
2018-01-01 to 2018-12-31

XIV Latvian Song and Dance Festival Inc, founded in 2016, is a micro nonprofit that reported $58 in total revenue in fiscal year 2018. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $4K exceeded revenue, resulting in a 6047% operating deficit.

Mission

The sole mission of XIV Latvian Song and Dance Festival, Inc. is to organize a Latvian Song and Dance Festival (traditional cultural event), to be held in Baltimore, MD during June 30 - July 3, 2017.

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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%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $35
Program Service Revenue $0
Investment Income $0
Other Revenue $23
TOTAL REVENUE $58

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,947
Other Expenses $3,565
TOTAL EXPENSES $3,565

Year-over-Year Comparison

2018 2017 Change
Revenue $58 $437,404 -1.0%
Expenses $3,565 $485,734 -1.0%
Net Income $-3,507 $-48,330 -0.9%
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

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
N/A

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Marisa Gudrais President 25.00
Officer
$0 $0 $0
Nikolajs Timrots Vice President 5.00
Officer
$0 $0 $0
Juris Mohseni Treasurer 8.00
Officer
$0 $0 $0
Elga Ozols Secretary 10.00
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
2018 $58 $3,565 $88,292 $-3,507
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