Auburn, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)New Roots Fund, founded in 2012, is a small nonprofit in the International Affairs sector that reported $504K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring.
The New Roots Fund helps low-income individuals, citizens and legal immigrants, to achieve economic self-sufficiency through business loans and technical business assistance. The NRF continues to run programs funded by the federal Office of Refugee Resettlement, King County, and Washington State to train refugees in business practices, support the development of business plans, and assist with capitalizing new or existing businesses through Individual Development Accounts (matched savings programs) and loans. The New Roots Fund helps refugees, asylees, and low-income individuals achieve economic self-sufficiency. The Fund accomplishes this by providing business capital and technical assistance. Formed in 2011 and associated with the Diocese of Olympia, NRF is an independent 501(c)3. Our mission is to create viable businesses in low income neighborhoods through a highly capable lending institution providing loans and business technical assistance.
OVERALL PROGRAM. The New Roots Fund (NRF) helps low-income individuals, citizens and legal immigrants, to achieve economic self-sufficiency through business loans and technical business assistance...
OVERALL PROGRAM. The New Roots Fund (NRF) helps low-income individuals, citizens and legal immigrants, to achieve economic self-sufficiency through business loans and technical business assistance. The NRF continues to run programs funded by the federal Office of Refugee Resettlement, King County, and Washington State to train refugees in business practices, support the development of business plans, and assist with capitalizing new or existing businesses through Individual Development Accounts (matched savings programs) and loans.
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 | $504,249 | $665,587 | -0.2% |
| Expenses | $499,616 | $662,622 | -0.2% |
| Net Income | $4,633 | $2,965 | +0.6% |
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 |
|---|---|---|---|---|---|---|
| Greg Hope | ~ Executive Director | 15 |
Officer
|
$0 | $12,909 | $65,157 |
| Michael Blumson | ~ Board Chair | 2 |
Officer
Director
|
$0 | $0 | $0 |
| Mahnaz Eshetu | ~ Governor | 1 |
Director
|
$0 | $0 | $0 |
| Joann Ware | ~ Governor | 1 |
Director
|
$0 | $0 | $0 |
| Antoinette Marasigan | ~ Governor | 1 |
Director
|
$0 | $0 | $0 |
| Patty Grossman | ~ Governor | 1 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $504,249 | $499,616 | $946,500 | $4,633 |
| 2022 | $665,587 | $662,622 | $637,552 | $2,965 |
| 2021 | $572,396 | $551,305 | $521,524 | $21,091 |
| 2020 | $460,019 | $474,550 | $1,082,837 | $-14,531 |
| 2019 | $460,744 | $433,519 | $604,229 | $27,225 |
| 2018 | $377,176 | $332,050 | $483,722 | $45,126 |
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