Torrance, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Poverty Solutions Inc CED Capital, founded in 2008, is a community nonprofit in the Community Improvement sector that reported $3.8M in total revenue in fiscal year 2023. Revenue surged 163% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.2M, a strong 84% operating margin.
During the year ended 12/31/2023, Poverty Solutions (P-Solutions) successfully served 17,380 low-income persons needing financial education, and entrepreneurship development.
Entrepreneurship Development Training Managed 45 (legal and finance experts) volunteers, who spent 6,315 hours in our Civic Entrepreneurship, Small Business Accounting Seminars, and our Financial...
Entrepreneurship Development Training Managed 45 (legal and finance experts) volunteers, who spent 6,315 hours in our Civic Entrepreneurship, Small Business Accounting Seminars, and our Financial Literacy Classes. Capacity Building Technical Assistance: (1) Assisted 61 nonprofits needing accounting, audit and other technical assistance, helping 33 with strategic planning, budgeting, and compliance reviews; (2) Conducted 208 financial needs and technical capacity assessments for community-based nonprofits ? helping 29 of the participants to boost revenue; (3) Assisted 58 small businesses with strategic ?planning; and (4) Conducted 228 bookkeeping and budget projections.
Assisted 45 low-income families with down-payment assistance and home improvement/rehabilitation loans; Facilitated 97 small business loans as follows: (a) 21 real-estate facilities loans; (b) 19...
Assisted 45 low-income families with down-payment assistance and home improvement/rehabilitation loans; Facilitated 97 small business loans as follows: (a) 21 real-estate facilities loans; (b) 19 equipment-loans, (c) 27 business expansion loans including 17 healthy-food expansion into food deserts.
Financial Literacy Hosted 28 Empowerment & Economic Opportunities Workshops Served 17,380 low-income persons needing financial literacy training Homeownership education, and entrepreneurship...
Financial Literacy Hosted 28 Empowerment & Economic Opportunities Workshops Served 17,380 low-income persons needing financial literacy training Homeownership education, and entrepreneurship development.
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 | $3,825,665 | $1,456,095 | +1.6% |
| Expenses | $627,834 | $510,520 | +0.2% |
| Net Income | $3,197,831 | $945,575 | +2.4% |
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 |
|---|---|---|---|---|---|---|
| FRANK I IGWEALOR | President and CEO | N/A |
Officer
|
$0 | $0 | $0 |
| MARTIN NWAEGE | Director | N/A |
Director
|
$0 | $0 | $0 |
| AMBROSE O EGBUONU | Chairman | N/A |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $3,825,665 | $627,834 | $10,846,692 | $3,197,831 |
| 2022 | $1,456,095 | $510,520 | $5,234,004 | $945,575 |
| 2021 | $4,792,625 | $296,959 | $7,314,975 | $4,495,666 |
| 2020 | $231,611 | $187,985 | $3,612,416 | $43,626 |
| 2019 | $2,592,697 | $622,767 | $2,804,865 | $1,969,930 |
| 2018 | $32,753 | $749,497 | $1,218,166 | $-716,744 |
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