Redmond, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WEST COAST LATVIAN EDUCATION CENTER, founded in 1982, is a small nonprofit that reported $292K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $252K left a modest 13% surplus.
The mission of this organization is to conduct summer school for teenagers and a summer camp for children and young adults. Through the education programs and activities, we seek to maintain the cultural and spiritual identity of the Latvians and their descendants living in the United States.
The summer camp Mezotne provides a seven day educational, cultural and recreational program for children and parents.
Kursa is a four-week summer school for teenagers where they participate in educational, cultural and recreational programs.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $291,646 | $228,640 | +0.3% |
| Expenses | $252,431 | $249,534 | +0.0% |
| Net Income | $39,215 | $-20,894 | -2.9% |
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 |
|---|---|---|---|---|---|---|
| Mara Pelecis | Kursa Program Director | 10 |
Officer
Highest
|
$15,000 | $0 | $15,000 |
| Marisa Turaids | President | 2 |
Officer
|
$0 | $0 | $0 |
| Maris Berzins | Vice-President | 1 |
Officer
|
$0 | $0 | $0 |
| Daira Popalardo | Secretary | 1 |
Officer
|
$0 | $0 | $0 |
| Valdis Atvars | Treasurer | 5 |
Officer
|
$0 | $0 | $0 |
| Jenny Roberts | Mezotne Program Director | 2 |
Officer
|
$0 | $0 | $0 |
| Valdis Riekstins | Board Member | 1 |
Officer
|
$0 | $0 | $0 |
| Julijs Pruzinskis | Board Member | 1 |
Officer
|
$0 | $0 | $0 |
| Arnis Lusis | Board Member | 1 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $291,646 | $252,431 | $1,886,113 | $39,215 |
| 2023 | $228,640 | $249,534 | $1,846,773 | $-20,894 |
| 2022 | $178,343 | $205,126 | $1,866,669 | $-26,783 |
| 2021 | $138,357 | $168,322 | $1,893,040 | $-29,965 |
| 2020 | $73,833 | $60,468 | $1,923,300 | $13,365 |
Compare WEST COAST LATVIAN EDUCATION CENTER with other nonprofits in Washington and across the country.