JERSEY CITY, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)RISING TIDE CAPITAL INC AND SUBSIDIARIES, founded in 2004, is a community nonprofit in the Community Improvement sector that reported $5.5M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $7.6M exceeded revenue, resulting in a 38% operating deficit.
RISING TIDE CAPITAL INC. IS A NON-PROFIT ORGANIZATION WHOSE MISSION IS TO TRANSFORM LIVES AND COMMUNITIES THROUGH ENTREPRENEURSHIP. RISING TIDE AIMS TO EXPAND ITS PROVEN MODEL AND PROGRAMS TO SERVE MORE ECONOMICALLY CHALLENGED INDIVIDUALS AND FAMILIES FOR WHOM ENTREPRENEURSHIP REPRESENTS AN IMPORTANT OPPORTUNITY FOR RESILIENCE, GROWTH, STABILITY, AND INCOME GENERATION. WE ARE DRIVEN BY A VISION OF STRONG COMMUNITIES OF RESILIENT ENTREPRENEURS CATALYZING A THRIVING AND SUSTAINABLE ECONOMY FOR ALL.
RISING TIDE CAPITAL MARKED A TRANSFORMATIVE YEAR IN 2024, CELEBRATING ITS 20TH ANNIVERSARY WHILE ACHIEVING SIGNIFICANT MILESTONES IN ENTREPRENEURIAL SUPPORT AND COMMUNITY DEVELOPMENT. THROUGH THE...
RISING TIDE CAPITAL MARKED A TRANSFORMATIVE YEAR IN 2024, CELEBRATING ITS 20TH ANNIVERSARY WHILE ACHIEVING SIGNIFICANT MILESTONES IN ENTREPRENEURIAL SUPPORT AND COMMUNITY DEVELOPMENT. THROUGH THE RISING TIDE NETWORK, THE ORGANIZATION NOW OPERATES IN 18 LOCATIONS ACROSS 15 STATES, HAVING SUPPORTED OVER 11,000 ENTREPRENEURS SINCE ITS FOUNDING.RISING TIDE CAPITAL AND THE RISING TIDE NETWORK PROVIDED INTENSIVE BUSINESS MANAGEMENT TRAINING & EDUCATION WITH ACCESS TO CAPITAL AND COACHING SERVICES TO OVER 2,100 ENTREPRENEURS DURING 2024. 494 PEOPLE PARTICIPATED IN OUR COMMUNITY BUSINESS ACADEMY, 550 PEOPLE RECEIVED ADVANCED TECHNICAL SUPPORT AND COACHING THROUGH OUR BUSINESS ACCELERATION SERVICES PROGRAM (A 31% INCREASE FROM 2023), AND 230 PEOPLE RECEIVED CREDIT COUNSELING, LOAN PACKAGING, AND ACCESS TO CAPITAL SERVICES THROUGH OUR CREDIT TO CAPITAL PROGRAM, WITH COACHING HOURS INCREASING BY 377% TO 1,831 HOURS.DURING 2024 THESE EFFORTS RESULTED IN 70 NEW BUSINESS STARTS (89% INCREASE FROM 2023), 550 BUSINESSES STRENGTHENED/STABILIZED (26% INCREASE), 331 BUSINESSES EXPANDED (82% INCREASE), AND THE CREATION OF 325 NEW JOBS, REPRESENTING A 55% INCREASE IN JOB CREATION FROM THE PREVIOUS YEAR.WITH PROGRAM GRADUATES ACHIEVING AN 81% BUSINESS SURVIVAL RATE BEYOND FIVE YEARSSIGNIFICANTLY OUTPERFORMING THE 50% NATIONAL AVERAGE ALONGSIDE RISING TIDE CAPITAL'S PROVEN IMPACT IN GENERATING $5.89 IN SOCIAL VALUE FOR EVERY $1 INVESTED RISING TIDE CAPITAL CONTINUES TO DEMONSTRATE THAT ENTREPRENEURSHIP IS A POWERFUL CATALYST FOR ECONOMIC MOBILITY AND COMMUNITY TRANSFORMATION.
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 | $5,538,016 | $5,047,525 | +0.1% |
| Expenses | $7,615,065 | $6,920,978 | +0.1% |
| Net Income | $-2,077,049 | $-1,873,453 | +0.1% |
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 |
|---|---|---|---|---|---|---|
| MAURICE KUYKENDOLL | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOE MASTERSON | VICE CHAIR & SECRETARY OF THE BOARD | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANAND DEVENDRAN | FINANCE AND AUDIT COMMITTEE CHAIRMAN | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANDRE DUGGIN | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| ANGELO STRACQUATANIO | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JEFFREY ROBINSON | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| KIRAN HANDA GUADIOSO | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| PRESTON PINKETT | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| AICHA BALLA | CHAIR | 2.00 |
Director
|
$0 | $0 | $0 |
| KRISTEN SHARP | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| ALFA DEMMELLASH | CHIEF EXECUTIVE OFFICER | 40.00 |
Officer
Director
|
$267,500 | $53,992 | $321,492 |
| ALEX FORRESTER | CHIEF OPERATING OFFICER | 40.00 |
Officer
|
$245,452 | $59,383 | $304,835 |
| JOYNICOLE MARTINEZ | CHIEF ADVANCEMENT OFFICER | 40.00 |
Officer
|
$228,333 | $39,502 | $267,835 |
| LOUISA COUSINS | SENIOR DIRECTOR OF ANALYTICS & INFOR | 40.00 |
Highest
|
$147,009 | $48,123 | $195,132 |
| KRIS VAN NEST | EXECUTIVE PRODUCER OF DIGITAL LEARNI | 40.00 |
Highest
|
$149,648 | $38,687 | $188,335 |
| CHRIS BREITENBERG | DIRECTOR - NPP | 40.00 |
Highest
|
$132,426 | $45,900 | $178,326 |
| SAMIRA COOK | MANAGING DIRECTOR OF STRATEGIC PARTNERSHIPS | 40.00 |
Highest
|
$140,347 | $47,233 | $187,580 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $5,538,016 | $7,615,065 | $9,628,408 | $-2,077,049 |
| 2023 | $5,047,525 | $6,920,978 | $12,416,017 | $-1,873,453 |
| 2022 | $8,164,515 | $6,423,165 | $14,713,399 | $1,741,350 |
| 2022 | $8,164,515 | $6,423,165 | $14,713,399 | $1,741,350 |
| 2021 | $7,829,523 | $5,302,000 | $11,292,323 | $2,527,523 |
| 2020 | $7,734,873 | $4,734,062 | $8,934,854 | $3,000,811 |
| 2019 | $4,273,880 | $6,043,431 | $5,676,054 | $-1,769,551 |
| 2018 | $3,698,042 | $4,843,893 | $5,551,981 | $-1,145,851 |
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