Walnut Creek, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Carbon Offsets To Alleviate Poverty, founded in 2010, is a small nonprofit in the Environment sector that reported $323K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $387K exceeded revenue, resulting in a 20% operating deficit.
THE MISSION OF CARBON OFFSETS TO ALLEVIATE POVERTY (COTAP) IS TO EMPOWER INDIVIDUALS AND ORGANIZATIONS IN DEVELOPED COUNTRIES TO ADDRESS BOTH CLIMATE CHANGE AND GLOBAL POVERTY. COTAP COUNTERACTS YOUR CARBON EMISSIONS THROUGH CERTIFIED FORESTRY PROJECTS IN LEAST-DEVELOPED REGIONS WHICH CREATE TRANSPARENT, ACCOUNTABLE, AND LIFE- CHANGING EARNINGS FOR RURAL FARMING COMMUNITIES WHERE INCOME LEVELS ARE LESS THAN $2 PER DAY.
IN 2023, COTAP CONTINUED HELPING INDIVIDUALS AND ORGANIZATIONS TO ADDRESS THEIR UNAVOIDABLE CARBON EMISSIONS WHILE CREATING INCOME FOR THE POOR. INDIVIDUALS AND ORGANIZATIONS OFFSET 16,773.674...
IN 2023, COTAP CONTINUED HELPING INDIVIDUALS AND ORGANIZATIONS TO ADDRESS THEIR UNAVOIDABLE CARBON EMISSIONS WHILE CREATING INCOME FOR THE POOR. INDIVIDUALS AND ORGANIZATIONS OFFSET 16,773.674 TONNES, RAISING $226,444.59 IN FUNDING FOR OUR PARTNER PROJECTS IN NICARAGUA, UGANDA, INDIA, FIJI, INDONESIA, AND MEXICO.THIS REPRESENTS A DROP OF ONLY 4.5% FROM 2022, DESPITE THE OVERALL VOLUNTARY CARBON MARKET DROPPING 61% IN 2023, ACCORDING TO ECOSYSTEM MARKETPLACE. WE ALSO EXPERIENCED SUBSTANTIAL COSTS IN REBUILDING THE WEBSITE DUE TO THE 2022 HACK. THESE FACTORS CREATED A CASH CRUNCH WHICH IN TURN LED TO A DECREASED MARKETING SPEND AS WELL AS PAUSING THE EXECUTIVE DIRECTORS SALARY AT THE END OF 2023. COTAPS IN-KIND GOOGLE ADS GRANT WORTH UP TO ~$40K IN MONTHLY ADVERTISING, AS WELL AS A SEARCH ENGINE OPTIMIZATION (SEO) ENGAGEMENT, CONTINUED TO NOT REALIZE THEIR POTENTIAL.NO STAKEHOLDER MEETINGS OR PROJECT VISITS WERE CONDUCTED IN 2023. AS MENTIONED IN OUR PREVIOUS REPORT, WE RELEASED A 20-MINUTE DOCUMENTARY IN JANUARY 2023 ABOUT OUR VISIT TO THE KHASI HILLS COMMUNITY REDD+ PARTNER PROJECT IN INDIA, WHICH CAN BE SEEN AT HTTPS://YOUTUBE.COM/COTAP1. IN APRIL 2023, COTAP PAUSED ALLOCATIONS TO THE NICARAGUA AND MEXICO PROJECTS AS THEY SOUGHT HIGHER PER-TONNE PRICES, WHICH COTAP DECLINED DUE TO GENERAL ECONOMIC AND CARBON MARKET UNCERTAINTY.
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 | $323,251 | $360,304 | -0.1% |
| Expenses | $387,178 | $410,213 | -0.1% |
| Net Income | $-63,927 | $-49,909 | +0.3% |
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 |
|---|---|---|---|---|---|---|
| Timothy R Whitley | CEO | 45.00 |
Officer
Director
|
$59,583 | $0 | $59,583 |
| Steve Wolf | Secretary | 1.00 |
Director
|
$0 | $0 | $0 |
| David Minor | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Philip A Curry | CFO | 1.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $323,251 | $387,178 | $189,371 | $-63,927 |
| 2022 | $360,304 | $410,213 | $291,116 | $-49,909 |
| 2021 | $528,144 | $478,650 | $402,849 | $49,494 |
| 2020 | $254,990 | $204,650 | $186,315 | $50,340 |
| 2019 | $210,950 | $215,743 | $162,581 | $-4,793 |
Compare Carbon Offsets To Alleviate Poverty with other nonprofits in California and across the country.