AMERICAN FRIENDS OF THE LATVIAN NATIONAL MUSEUM INC (EIN 883792833) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2022

Legal Domicile

Principal Officer

DARIS G DELINS

Phone

9174022853

Tax Period

2023-01-01 to 2023-12-31

AMERICAN FRIENDS OF THE LATVIAN NATIONAL MUSEUM INC, founded in 2022, is a small nonprofit in the Arts, Culture & Humanities sector that reported $278K in total revenue in fiscal year 2023. The organization ran a surplus of $232K, a strong 83% operating margin.

Mission

SUPPORTS RAISING AWARENESS IN THE UNITED STATES OF THE COLLECTIONS AND WORK OF THE LATVIAN NATIONAL MUSEUM OF ART AND OTHER SIMILAR CULTURAL ORGANIZATIONS IN LATVIA WHICH ARE DEDICATED TO THE COLLECTION, PRESERVATION AND DISSEMINATION OF ARTWORKS AND OTHER MATERIALS OF ARTISTIC, HISTORIC, ACADEMIC, AND CULTURAL RELEVANCE IN ALL MEDIUMS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $278,500

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $278,500

Expense Breakdown

Grants Paid $36,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $46,830

Other Expenses $10,830

TOTAL EXPENSES $46,830

Year-over-Year Comparison

	2023	2022	Change
Revenue	$278,500	N/A	N/A
Expenses	$46,830	N/A	N/A
Net Income	$231,670	$0	N/A

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
JOHN J MEDVECKIS	TREASURER & SECRETARY	Officer Director	$0	$0	$0
DARIS G DELINS	PRESIDENT & CEO	Officer Director	$0	$0	$0
VIJA CELMINS	VICE PRESIDENT	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
2023	$278,500	$46,830	$262,396	$231,670

AMERICAN FRIENDS OF THE LATVIAN NATIONAL MUSEUM INC