Latvian Relief Fund of America Inc

Nonprofit profile at a glance

EIN
231579118
IRS 990 coverage
2014–2024
Forms available
Form 990 2024
Location
Elkins Park, PA, USA
Phone
2156354137
Rating
61
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$70,013
Expenses
$633,528
Assets
$2,725,659
Liabilities
$2,718,625

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • ELENA BERZINS (PRESIDENT)

Highest reported compensation

  • ELENA BERZINS (PRESIDENT): $89,636 total reported compensation
  • IVETA KNESE (SECRETARY): $59,586 total reported compensation
  • JOHN GUNARS BERZINS (PAST PRESIDE): $31,648 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Assist members with medical, mortuary, and emergency assistance

What it reported doing in 2024

The latvian relief fund of america, inc. Has provided financial assistance to its members and their dependents in accordance with the by-laws and regulations of the organization with the following schedule: for mortuary expenses

Operating model

Revenue model
Earned-program. 66% of the money available for current operations came from fees and other program revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 58% for direct work, 5% for grants, and 38% for member benefits.

The verdict

SUPPORTED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 53
  • Transparency & Controls: 93
  • Accountability: 56
  • Sustainability: 18
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 56.7%; rating input score 57
  • Program expense ratio: 65.1%; rating input score 65
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 33.3%; rating input score 33; 19th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -804.9%; rating input score 6; 6th percentile among comparable filings
  • Total-asset coverage ratio: 4.3; rating input score 46; 46th percentile among comparable filings
  • Liabilities to assets ratio: 1; rating input score 6; 6th percentile among comparable filings
  • Officer compensation ratio: 32.3%; rating input score 10; 10th percentile among comparable filings

Growth

  • Program expense growth: -8.2% per year; rating input score 0; 32nd percentile among comparable filings
  • Revenue growth: -10.5% per year; rating input score 0; 31st percentile among comparable filings
  • Asset growth: -7.7% per year; rating input score 0; 16th percentile among comparable filings

Details

  • Where the money goes: 56.7% of revenue deployed · 65.1% of spending went to programs
  • Governance: 2 of 6 board members independent · 8 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $413K in reported program spending
  • Leadership: top reported pay $90K · 7 people listed
  • Consistency: 29 of 29 current checks pass
  • Schedules: 3 filed schedules · includes grants
  • Filing history: 10 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 57/100.
  • Moderate — Accountability: Independent voting board scored 33/100.
  • High — Sustainability: Operating margin scored 6/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 46/100.
  • High — Sustainability: Liabilities to assets ratio scored 6/100.
  • High — Sustainability: Officer compensation ratio scored 10/100.