San Diego, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)IRCS CENTER FOR ECONOMIC OPPORTUNITY INC, founded in 2011, is a community nonprofit in the Human Services sector that reported $6.0M in total revenue in fiscal year 2023. Expenses of $7.0M exceeded revenue, resulting in a 16% operating deficit.
To unlock access to credit to help create a fair financial system where low-income people can realize their potential to build better lives and communities prosper.
CEO provides support to low and very low income households with consumer and small business loans in partnership with local community organizations that also offer credit education and related...
CEO provides support to low and very low income households with consumer and small business loans in partnership with local community organizations that also offer credit education and related asset-building services. By fiscal year end 2024, CEO had 3,179 loans in its $19.5 million portfolio, reaching borrowers in 18 states with 37 local partners providing support to borrowers in their communities. 94% of these borrowers were from low income households and 63% of those borrowers had no or sub-prime credit scores before becoming CEO clients. CEOs lending activity, when combined with credit education and technical assistance, is proven to lead to improved credit scores: in a study conducted in 2024 with the Credit Builders Alliance, 98% of those who had no credit score before getting a CEO-funded loan were able to establish credit and 66% of these borrowers achieved a prime score of 660 or higher. These outcomes...(continuation in Schedule O, General Explanation)
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 | $6,038,537 | $6,039,414 | 0.0% |
| Expenses | $6,995,733 | $1,353,615 | +4.2% |
| Net Income | $-957,196 | $4,685,799 | -1.2% |
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 |
|---|---|---|---|---|---|---|
| Johannes Van de Weerd | Board President | 37.50 |
Officer
|
$340,523 | $0 | $340,523 |
| Ellen Beattie | Board Tresurer | 37.50 |
Officer
|
$247,000 | $0 | $247,000 |
| Kasra Movahedi | Executive Director | 37.50 |
|
$149,618 | $0 | $149,618 |
| Megan Hershiser | Assoc Dir Corporate Partne | 37.50 |
Highest
|
$115,038 | $0 | $115,038 |
| Gokcen Topbas | Director Credit Strategy | 37.50 |
Highest
|
$107,210 | $0 | $107,210 |
| Senad Voloder | Dep Dir Origination & Serv | 37.50 |
Highest
|
$100,237 | $0 | $100,237 |
| Mary Grace Ner | Dep Dir Finance & Administ | 37.50 |
Highest
|
$95,635 | $0 | $95,635 |
| Zachary Bezold | Dep Dir Learning & Innovat | 37.50 |
Highest
|
$92,438 | $0 | $92,438 |
| Ariana Miller | Executive Director | 37.50 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $6,038,537 | $6,995,733 | $28,193,836 | $-957,196 |
| 2023 | $6,039,414 | $1,353,615 | $18,295,231 | $4,685,799 |
| 2022 | $5,658,628 | $2,595,090 | $12,149,016 | $3,063,538 |
| 2021 | $2,766,527 | $1,223,774 | $7,099,311 | $1,542,753 |
| 2020 | $2,067,458 | $1,474,052 | $4,141,887 | $593,406 |
| 2019 | $1,704,615 | $484,928 | $2,966,330 | $1,219,687 |
| 2018 | $627,387 | $310,475 | $1,666,953 | $316,912 |
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