XVI LATVIAN SONG AND DANCE FESTIVAL INC (EIN 922018977) - 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

2023

Legal Domicile

Principal Officer

ANITA R GRIVINS

Phone

2692713484

Tax Period

2025-01-01 to 2025-12-31

XVI LATVIAN SONG AND DANCE FESTIVAL INC, founded in 2023, is a small nonprofit in the Arts, Culture & Humanities sector that reported $271K in total revenue in fiscal year 2025. Revenue surged 272% from the prior year, signaling strong growth momentum. The organization ran a surplus of $200K, a strong 74% operating margin.

Mission

TO CREATE A VIBRANT CULTURAL EXPERIENCE BY HOSTING A SONG & DANCE FESTIVAL IN GRAND RAPIDS, MI INVITING BOTH LATVIANS AND LOCAL COMMUNITY MEMBERS TO COME TOGETHER IN CELEBRATION.

🔒

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 (2025)

Revenue Breakdown

Contributions & Grants $189,041

Program Service Revenue $81,868

Investment Income $0

Other Revenue $537

TOTAL REVENUE $271,446

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $626

Program Expenses $65,066

Other Expenses $71,258

TOTAL EXPENSES $71,884

Year-over-Year Comparison

	2025	2024	Change
Revenue	$271,446	$73,067	+2.7%
Expenses	$71,884	$16,544	+3.3%
Net Income	$199,562	$56,523	+2.5%

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

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
ANDA VIZULIS	PRESIDENT	15	Officer	$0	$0	$0
DAINA LIZENBERGS	VICE-PRESIDENT	25	Officer	$0	$0	$0
ANITA GRIVINS	TREASURER	10	Officer	$0	$0	$0
DIANA PONE	SECRETARY	25	Officer	$0	$0	$0
ANDRA ZOMMERS	PROGRAM CO-LEAD	10		$0	$0	$0
DIANA KARKLINS	PROGRAM CO-LEAD	10		$0	$0	$0
PAULS BERKOLDS	SONG PROGRAM LEAD	10		$0	$0	$0
KARINA HAZNERSFOLTZER	DANCE PROGRAM CO-LEAD	10		$0	$0	$0
MARTINS DAUKSS	DANCE PROGRAM CO-LEAD	10		$0	$0	$0
LARA KRAUTMANIS	FUND DEVELOPMENT/VOLUNTEER LEAD	5		$0	$0	$0
IVARS BERGS	LOGISTICS CO-LEAD	10		$0	$0	$0
KARLIS MEMENIS	LOGISTICS CO-LEAD	10		$0	$0	$0
ALEKSIS VIZULIS	MARKETING CO-LEAD	15		$0	$0	$0
KRISTINE WAIDE	MARKETING CO-LEAD	15		$0	$0	$0
ANDRIS VIZULIS	IT LEAD	5		$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
2025	$271,446	$71,884	$276,488	$199,562

XVI LATVIAN SONG AND DANCE FESTIVAL INC