FORT WAYNE, IN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FRIENDS OF THE THIRD WORLD INC, founded in 1972, is a small nonprofit in the International Affairs sector that reported $187K in total revenue in fiscal year 2023. Net assets of $578K represent 37 months of operating reserves.
to alleviate the root causes of poverty through self-help partnerships, and to educate and encourage citizens to take voluntary action against poverty through a cooperative democratic marketplace, employment training and demonstration projects.
Technical assistance to low income adults who produce handicrafts or food. Marketing is conducted by dedicated volunteers or thru partnerships with other nongovernmental organizations using fair...
Technical assistance to low income adults who produce handicrafts or food. Marketing is conducted by dedicated volunteers or thru partnerships with other nongovernmental organizations using fair trade principles (see www.fairtradefederation.org) Artisans from 50 countries as well as 10 states, manage community based micro businesses, receiving marketing and management assistance. We assist in finding markets including those in nontraditional venues such as mission festivals. Family farmers in 12 countries, as well as Native American food producers in Georgia, Minnesota,South Dakota, and Colorado receive similar assistance in reaching nontraditional markets like religious congregations & community based organizations. A total of $19,844 in purchases directly assisted these low-income producers. In addition, we are able to provide unemployed adults in Indiana with skills training in retail sales, bookkeeping &computer data entry. A total of 23,574 worth of volunteer labor was donated to this project. One part-time staff person managed this project. Three locations: Third Wo0rld Shoppe of Fort Wayne, Indiana, Global Village in Peoria, Illinois, and Third World Handarts in Sierra Vista, Arizona host volunteer chapters. During 2023 - 2024 year Global Village in Peoria closed and a loss for inventory sold at less than cost was listed as depreciation.
TECHNICAL AND MICRO-ECONOMIC ASSISTANCE TO PROJECTS AND PROGRAMS THAT ENCOURAGE SELF-RELIANCE FOR LOW-INCOME ADULTS AND FAMILIES. A total of $3,500 in volunteer labor was allocated to this effort...
TECHNICAL AND MICRO-ECONOMIC ASSISTANCE TO PROJECTS AND PROGRAMS THAT ENCOURAGE SELF-RELIANCE FOR LOW-INCOME ADULTS AND FAMILIES. A total of $3,500 in volunteer labor was allocated to this effort. Poder Joven Foundation is a charity aiding homeless youth and low-income families in Medellin, Colombia was granted $27,996. Voice Trust assists low-income families with sustainable farming, educated orphan children & provides flood relief and food aid in Tamil Nadu, India and was granted $22,330.49. Food Assistance to low-income families in Fort Wayne, Indiana totaled 7469. ($4500 was sent to Community Foundation of Greater Fort Wayne for an agency endowment) In addition, memberships in other nonprofits totaling $2,049 include the Fair Trade Federation, West Central Neighborhood Association, Community Harvest Food Bank, NAEIR, Tech Soup, Chicago Fair Trade, NE Indiana Nonprofit Association, U.S. Federation of Worker Cooperatives, Green America, and the Alliance for Human Services
EMPLOYMENT SKILLS TRAINING AND MENTORING OF LOW-INCOME ADULTS. With the assistance of volunteer professionals, we mentor people referred by local court/probation offices & mental health offices...
EMPLOYMENT SKILLS TRAINING AND MENTORING OF LOW-INCOME ADULTS. With the assistance of volunteer professionals, we mentor people referred by local court/probation offices & mental health offices, IMPACT (food stamp recipients) and other agencies. We teach building maintenance & repair, graphic art, data entry, bookkeeping and retail store operations. We provide participants with free lunch and other personal supports. In addition, labor is donated to provide printing and mailing services for 200 nonprofits and churches. Volunteer labor was valued at $27,500. The building owned for use as our headquarters is also used as a training site. In addition, rental housing is provided as transitional housing for adults with disabilities. One part-time staff person managed this project.
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 | $187,426 | $189,828 | 0.0% |
| Expenses | $182,276 | $187,348 | 0.0% |
| Net Income | $5,150 | $2,480 | +1.1% |
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 |
|---|---|---|---|---|---|---|
| JAMES F GOETSCH | PRESIDENT/ADMINISTRATIVE COORDINATOR | 60 |
Officer
|
$3,200 | $0 | $3,200 |
| MARIAN R WALTZ | TREASURER | 50 |
Officer
|
$3,200 | $0 | $3,200 |
| TERRY DORAN | DIRECTOR/PROJECT COORDINATOR | 15.00 |
Director
|
$1,200 | $0 | $1,200 |
| PATTY HUNTER | DIRECTOR | 15.00 |
Director
|
$1,000 | $0 | $1,000 |
| MELODY SOELLINGER | DIRECTOR | 10 |
Director
|
$240 | $0 | $240 |
| DONNA CONKLIN | DIRECTOR | 4 |
Director
|
$0 | $0 | $0 |
| DOLORES IRWIN | DIRECTOR/PROJECT COORDINATOR | 4 |
Director
|
$0 | $0 | $0 |
| BETSY KACHMAR | DIRECTOR | 4 |
Director
|
$0 | $0 | $0 |
| DAVID LAISURE | INDIVIDUAL DIRECTOR | 2 |
Director
|
$0 | $0 | $0 |
| ANDROMEDA MOREAUX | INDIVIDUAL DIRECTOR | 2 |
Director
|
$0 | $0 | $0 |
| ABBY NORDEN | INDIVIDUAL DIRECTOR | 2 |
Director
|
$0 | $0 | $0 |
| BETH SILKWORTH | SECRETARY | 2 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $187,426 | $182,276 | $615,037 | $5,150 |
| 2023 | $189,828 | $187,348 | $613,168 | $2,480 |
| 2022 | $213,650 | $202,580 | $613,503 | $11,070 |
| 2021 | $203,503 | $223,178 | $606,972 | $-19,675 |
Compare FRIENDS OF THE THIRD WORLD INC with other nonprofits in Indiana and across the country.