NEW YORK, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SHARED INTEREST INC, founded in 1995, is a community nonprofit in the International Affairs sector that reported $1.2M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $1.3M exceeded revenue, resulting in a 11% operating deficit.
THE ORGANIZATION SEEKS TO PROMOTE SOCIAL RECONSTRUCTION IN SOUTH AFRICA AND NEIGHBORING COUNTRIES BY FACILITATING ACCESS TO CREDIT FOR LOW-INCOME BORROWERS THROUGH THE PROVISION OF LOAN GUARANTEES TO MAINSTREAM BANKS AND OTHER FINANCIAL INSTITUTIONS. AS THESE LENDERS HAVE HISTORICALLY BEEN RELUCTANT TO EXTEND CREDIT TO A SECTOR OF THE POPULATION THEY CONSIDER UN-BANKABLE, THE MAJORITY OF SOUTHERN AFRICAN CITIZENS, ABSENT THE GUARANTEES, WOULD CONTINUE TO BE ECONOMICALLY MARGINALIZED.
THE ORGANIZATION HAD OUTSTANDING AGREEMENTS GUARANTEEING COMMERCIAL LOANS TO SMALL AND GROWING BUSINESSES, AGRICULTURAL ENTERPRISES AND MICRO-FINANCE INSTITUTIONS IN THE SOUTHERN AFRICA REGION. THE...
THE ORGANIZATION HAD OUTSTANDING AGREEMENTS GUARANTEEING COMMERCIAL LOANS TO SMALL AND GROWING BUSINESSES, AGRICULTURAL ENTERPRISES AND MICRO-FINANCE INSTITUTIONS IN THE SOUTHERN AFRICA REGION. THE AGGREGATE EXPOSURE INVOLVED IN THE GUARANTEES TOTALED $3,485,000. BECAUSE THE CREDIT FACILITIES ARRANGED BY SHARED INTEREST WERE LIMITED TO NO MORETHAN 75% OF THE LOANS THEY BACKED, THE GUARANTEES ULTIMATELY UNLOCKED TOTAL LENDING OF SUMS IN EXCESS OF THE STATED AMOUNT BY VIRTUE OF THE RISK-SHARING AGREED IN THE CONTRACTS BETWEEN LOCAL INSTITUTIONS AND THE ORGANIZATIONS. ADDITIONALLY, THE GUARANTEE PROGRAM, IMPLEMENTED BY MEANS OF THE PROVEN TRANS-BORDER MECHANISM OF STANDBY BANK LETTERS OF CREDIT, CONTINUED TO GIVE THE CONFIDENCE TO SOUTHERN AFRICAN NON-BANK FINANCIALS INSTITUTIONS AND OTHER ALTERNATIVE LENDERS TO PUT CAPITAL AT RISK IN THE SPHERE OF SMALL BUSINESS FINANCE AND LENDING TO ECONOMICALLY-DISENFRANCHISED INDIVIDUALS. COLLATERALIZING THE LETTERS OF CREDIT, WERE THE US-CUSTODIED INVESTMENTS OF THE ORGANIZATION, FUNDED BY LOANS AND DONATIONS BY AMERICAN INDIVIDUALS, FAMILY FOUNDATIONS, FAITH-BASED INSTITUTIONS. HEALTHCARE SYSTEMS AND OTHER INVESTORS ACCEPTING CONCESSIONARY FINANCIAL RETURNS IN EXCHANGE FOR THE SOCIAL IMPACT THAT THE ORGANIZATION HELPS TO CREATE.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,153,728 | $1,239,659 | -0.1% |
| Expenses | $1,278,233 | $1,629,760 | -0.2% |
| Net Income | $-124,505 | $-390,101 | -0.7% |
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 |
|---|---|---|---|---|---|---|
| SHARRON MCPHERSON | DIRECTOR & CHAIR | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| DAVID WILDMAN | DIRECTOR & VICE CHAIRMAN | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| LOUISE NANKIINGA | DIRECTOR & TREASURER | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| ADRIENNE BAILEY | DIRECTOR & SECRETARY | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| SANDRA APPIAH | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| ALEAH BACQUIE VAUGHN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JESSICA BENJAMIN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| LEA CONRAD | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| SCHUYLA GOODSON | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| DIANE KEEFE | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| FAITH KHANYILE | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| STACY MANVITZ | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| SUSAN MARX | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| CHARLOTTE MCCLAIN-NHLAPO | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| LINNIE MCLEAN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| PALESA MORUDU | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JIM MUNSON | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| SIPHIWE NODWELE | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| TIMOTHY SMITH | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| CYNTHIA SPENCE | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| RICHARD TOLLIVER | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| ANN MCMIKEL | EXECUTIVE DIRECTOR | 50.00 |
Officer
|
$185,000 | $0 | $185,000 |
| SHUKURA SHEARS | DIR OF INDIVIDUAL GIVING | 45.00 |
Highest
|
$106,187 | $0 | $106,187 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $1,153,728 | $1,278,233 | $12,827,933 | $-124,505 |
| 2022 | $1,239,659 | $1,629,760 | $14,330,122 | $-390,101 |
| 2021 | $1,510,190 | $1,327,621 | $15,315,615 | $182,569 |
| 2020 | $1,514,840 | $1,400,613 | $15,352,690 | $114,227 |
| 2019 | $1,585,044 | $1,871,536 | $17,286,554 | $-286,492 |
| 2018 | $1,739,792 | $1,296,584 | $16,934,536 | $443,208 |
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