WEST COAST LATVIAN EDUCATION CENTER (EIN 911185144) - 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

1982

Legal Domicile

Principal Officer

Marisa Turaids

Phone

4258029036

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

The mission of the organization is to conduct a summer school and education camp for children and young adults.

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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 $111,733

Program Service Revenue $117,930

Investment Income $6

Other Revenue $61,977

TOTAL REVENUE $291,646

Expense Breakdown

Grants Paid $0

Salaries & Benefits $88,822

Fundraising Expenses $2,578

Program Expenses $159,049

Other Expenses $163,609

TOTAL EXPENSES $252,431

Year-over-Year Comparison

	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%

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

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

$15,000

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

WEST COAST LATVIAN EDUCATION CENTER