NEW YORK, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)INDEGO AFRICA PROJECT, founded in 2006, is a small nonprofit in the International Affairs sector that reported $503K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $553K exceeded revenue, resulting in a 10% operating deficit.
INDEGO AFRICA PROJECT, A NON-PROFIT ORGANIZATION, HAS BEEN PROPELLING THE CREATION, GROWTH, AND SUSTAINABILITY OF WOMEN-OWNED BUSINESSES IN AFRICA SINCE 2007, PROVIDING EMPLOYMENT THROUGH A GLOBAL MARKET FOR THEIR HANDMADE PRODUCTS AND INVESTING IN THEIR EDUCATION. OVER 2,500 ARTISANS HAVE PARTNERED WITH INDEGO AFRICA SINCE ITS INCEPTION. WHAT BEGAN AS A MODEL TO EMPOWER AND EDUCATE WOMEN IN POST-GENOCIDE RWANDA, HAS GROWN INTO A COMMITMENT TO HELP WOMEN, YOUTH, AND REFUGEES ACROSS AFRICA BECOME SUCCESSFUL ENTREPRENEURS.
VOCATIONAL & BUSINESS TRAINING:OUR PROGRAMS HELP UNEMPLOYED YOUTH AND REFUGEES BUILD THE SKILLS TO INTEGRATE AND SUCCEED IN THE GLOBAL ARTISAN ECONOMY WITH THE FOLLOWING OUTCOMES:- MASTER MULTIPLE...
VOCATIONAL & BUSINESS TRAINING:OUR PROGRAMS HELP UNEMPLOYED YOUTH AND REFUGEES BUILD THE SKILLS TO INTEGRATE AND SUCCEED IN THE GLOBAL ARTISAN ECONOMY WITH THE FOLLOWING OUTCOMES:- MASTER MULTIPLE HANDICRAFT TECHNIQUES THROUGH RETRAINING. WE PROVIDE OPPORTUNITIES FOR OUR ARTISAN PARTNERS TO CONTINUOUSLY REFRESH, REFINE AND EXPAND THEIR SKILLS THROUGH RETRAINING WORKSHOPS AND GAIN EXPOSURE TO A VARIETY OF TECHNIQUES AND FIBERS.- FORM, REGISTER AND RUN AN INDEPENDENT WOMAN-OWNED COOPERATIVE BUSINESS WITH BANK ACCOUNT SET UP.- BECOME INDEGO AFRICA SUPPLIERS AND PRODUCE HANDMADE GOODS FOR THE EXPORT MARKET.- IMPROVE LIVELIHOODS FOR THEMSELVES AND FINANCIAL ABILITY TO SUPPORT THEIR FAMILIES.- PROVIDE ACCESS TO CAPITAL THROUGH THE IGICERI CREDIT UNION IN RWANDA, FOUNDED BY GRADUATES OF INDEGO'S LEADERSHIP ACADEMY.
MARKET ACCESS:PROVIDING OUR ARTISAN PARTNERS WITH OPPORTUNITIES TO EARN STEADY, SUSTAINABLE INCOME IS A KEY ELEMENT OF INDEGO'S MARKET-BASED IMPACT MODEL AND INTERNATIONAL SUPPLY CHAIN. TO FURTHER...
MARKET ACCESS:PROVIDING OUR ARTISAN PARTNERS WITH OPPORTUNITIES TO EARN STEADY, SUSTAINABLE INCOME IS A KEY ELEMENT OF INDEGO'S MARKET-BASED IMPACT MODEL AND INTERNATIONAL SUPPLY CHAIN. TO FURTHER INCREASE THE WORK AVAILABLE FOR THE ARTISANS BEYOND OUR EXISTING WHOLESALE AND RETAIL DISTRIBUTION CHANNELS, IN 2021 WE ADDED A THIRD DISTRIBUTION CHANNEL FOR HIGH VOLUME CUSTOM ORDERS FOR MAJOR BRANDS. OUR PRODUCTION TEAMS IN AFRICA TRAVEL TO AND WORK DIRECTLY WITH OUR ARTISAN PARTNERS TO EXPLAIN PRODUCT SPECIFICATIONS AND CONDUCT QUALITY CONTROL REVIEWS, AND PREPARE FOR MONTHLY AIR CARGO SHIPMENTS TO THE U.S. THIS HELPS REINFORCE OUR PARTNERS' PRACTICAL SKILLS WITH THE ONSITE GUIDANCE THEY NEED TO CREATE HIGH QUALITY PRODUCTS FOR THE INTERNATIONAL EXPORT MARKET.
BUSINESS AND COMMUNITY LEADERSHIP:INDEGO AFRICA BELIEVES THAT EDUCATING WOMEN IS THE KEY TO LONG-TERM EMPOWERMENT AND SOCIAL CHANGE. THROUGH CUSTOMIZED EDUCATION PROGRAMS, INDEGO'S PARTNERS DEVELOP...
BUSINESS AND COMMUNITY LEADERSHIP:INDEGO AFRICA BELIEVES THAT EDUCATING WOMEN IS THE KEY TO LONG-TERM EMPOWERMENT AND SOCIAL CHANGE. THROUGH CUSTOMIZED EDUCATION PROGRAMS, INDEGO'S PARTNERS DEVELOP THE KNOWLEDGE AND SKILLS THEY NEED TO RUN AND SCALE THEIR OWN BUSINESSES, BECOME EMPOWERED ENTREPRENEURS, AND DRIVE ECONOMIC GROWTH IN THEIR COMMUNITIES.
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 | $502,791 | $616,422 | -0.2% |
| Expenses | $553,096 | $547,208 | +0.0% |
| Net Income | $-50,305 | $69,214 | -1.7% |
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 |
|---|---|---|---|---|---|---|
| KAREN YELICK | CHIEF EXECUTIVE OFFICER | 40.00 |
Officer
Director
|
$15,000 | $0 | $15,000 |
| JOSEPH OWENS | CHIEF FINANCIAL OFFICER/TREASURER | 20.00 |
Officer
Director
|
$0 | $0 | $0 |
| MATTHEW MITRO | CHAIRMAN | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHRISTOPHER BIROSAK | VICE CHAIRMAN | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| RYAN LESTER | SECRETARY | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| LYNDSAY ABRAMS | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| JARAMOGI ADAMS | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| STEPHEN FORESTA | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| CONOR FRENCH | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| HELEN GUGLE | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| ALEXANDRA KENNEDY | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| SIERRA VISHER KROHA | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| ELIZABETH LYNCH | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| PUNEET MANSHARAMANI | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| DANIEL SACKS | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| SELOM TETTEH | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| SAPNA SHAH | CHIEF OPERATING OFFICER | 40.00 |
Officer
|
$53,332 | $0 | $53,332 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $502,791 | $553,096 | $232,537 | $-50,305 |
| 2022 | $616,422 | $547,208 | $306,064 | $69,214 |
| 2021 | $499,370 | $505,366 | $236,777 | $-5,996 |
| 2020 | $501,507 | $473,865 | $244,541 | $27,642 |
| 2019 | $521,353 | $551,442 | $199,508 | $-30,089 |
| 2018 | $519,257 | $529,108 | $187,528 | $-9,851 |
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