NEW YORK, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ARAB GULF PROGRAMME FOR DEVELOPMENT, founded in 1981, is a mid-sized nonprofit in the International Affairs sector that reported $24.9M in total revenue in fiscal year 2023. Revenue fell 60% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $7.3M, a strong 29% operating margin.
ORGANIZATION'S MISSION THE ARAB GULF PROGRAMME FOR DEVELOPMENT'S (AGFUND) MISSION ESTABLISHES THAT, THROUGH THE IMPLEMENTATION OF ITS PROGRAMS, IT WILL PROVIDE SUPPORT TO NEEDY GROUPS TO HELP FACILITATE THEIR FULL ACCESS TO BASIC AND FUNDAMENTAL SOCIAL REQUIREMENTS, SUCH AS EDUCATION AND HEALTH CARE, UNDER THE UMBRELLA OF FAIR NATIONAL AND INTERNATIONAL LAWS THAT ESTABLISH AND PRESERVE SECURITY AND PEACE.
MICROFINANCE BANKS - A VISION OF COMBATING POVERTY. PROVIDE SUPPORT FOR MICROFINANCE BANKS ASSISTING THE POOR IN DEVELOPING COUNTRIES. BY PROVIDING BANKING SERVICES TO MARGINALIZED SEGMENTS AROUND...
MICROFINANCE BANKS - A VISION OF COMBATING POVERTY. PROVIDE SUPPORT FOR MICROFINANCE BANKS ASSISTING THE POOR IN DEVELOPING COUNTRIES. BY PROVIDING BANKING SERVICES TO MARGINALIZED SEGMENTS AROUND THE GLOBE, SPECIFICALLY WOMEN, YOUTH, RURAL COMMUNITIES, AND SMALL TO MEDIUM SIZED ENTERPRISES, AGFUND HAS BECOME THE FIRST ORGANIZATION IN ARAB COUNTRIES WORLD TO ESTABLISH MICROFINANCE INSTITUTIONS FOR THOSE WITHOUT SUCH FINANCIAL RESOURCES. AGFUND'S MICROFINANCE SERVICE OFFERINGS INCLUDE LOANS, SAVINGS, DEPOSITS, CURRENT ACCOUNTS, HEALTH AND COOPERATIVE INSURANCE, REMITTANCES, AND CURRENCY EXCHANGE. OVER TIME, AGFUND'S MICROFINANCE OPERATIONS HAVE EXPANDED TO INCLUDE A TECHNICAL SUPPORT UNIT, WHICH PROVIDES A MEANS FOR SHARING EXPERIENCES BETWEEN MICROFINANCING INSTITUTIONS TO IMPROVE, MAKE KNOWN, AND IMPROVE UPON BEST PRACTICES.
GAIN ON DISPOSAL OF PROPERTY: $ 5,721
OTHER INITIATIVES: LEAD INITIATIVES FOCUSED ON EARLY CHILDHOOD DEVELOPMENT, WOMEN'S EMPOWERMENT, YOUTH EMPOWERMENT, AND THE PROMOTION OF A CIVIL SOCIETY.
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 | $24,942,163 | $63,016,234 | -0.6% |
| Expenses | $17,624,431 | $15,322,792 | +0.2% |
| Net Income | $7,317,732 | $47,693,442 | -0.8% |
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 |
|---|---|---|---|---|---|---|
| NASSER AL KAHTANI | EXEC. DIRECTOR/BOARD MEMBER | 40.0 |
Officer
Director
|
$545,300 | $84,000 | $629,300 |
| MONIRAH AL OTAIBI | FINANCE & ADMIN DEPT. DIRECTOR | 40.0 |
Officer
|
$197,648 | $23,100 | $220,748 |
| ZEINA AHMED SAFA | ASSET MGMT UNITE DIRECTOR | 40.0 |
Highest
|
$165,508 | $23,164 | $188,672 |
| MUHAMMED AL SALIM | PROJECT DIRECTOR | 40.0 |
Highest
|
$164,316 | $23,164 | $187,480 |
| DAREEN MAHROUS | IT DIRECTOR | 40.0 |
Highest
|
$154,434 | $23,100 | $177,534 |
| SALAH HASSAN ABDULLAH | INTERNAL AUDIT DIRECTOR | 40.0 |
Highest
|
$113,320 | $23,100 | $136,420 |
| BUTHAINA AL BALAWY | MEDIA DIRECTOR | 40.0 |
Highest
|
$111,384 | $23,100 | $134,484 |
| MOHSEN SALEH AL BAHLI | BOARD MEMBER | 1.0 |
Director
|
$29,000 | $0 | $29,000 |
| MOHAMMED AHMED AL-MAHROQI | BOARD MEMBER | 1.0 |
Director
|
$29,000 | $0 | $29,000 |
| NAWAF HASHIM AL SADEH | BOARD MEMBER | 1.0 |
Director
|
$27,000 | $0 | $27,000 |
| GHAZI A A E A ALMUTAWA | BOARD MEMBER | 1.0 |
Director
|
$20,000 | $0 | $20,000 |
| KHALIFA ABDULLA A M ALQUBAISI | BOARD MEMBER | 1.0 |
Director
|
$20,000 | $0 | $20,000 |
| ABDULMUHSEN SAAD A ALKHALAF | BOARD MEMBER | 1.0 |
Director
|
$18,000 | $0 | $18,000 |
| PRINCE ABDULAZIZ BIN TALAL AI | PRESIDENT/BOARD MEMBER | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $24,942,163 | $17,624,431 | $829,757,055 | $7,317,732 |
| 2022 | $63,016,234 | $15,322,792 | $779,649,865 | $47,693,442 |
| 2021 | $70,695,191 | $13,261,440 | $798,090,238 | $57,433,751 |
| 2020 | $55,793,875 | $13,212,397 | $699,706,501 | $42,581,478 |
| 2019 | $69,590,464 | $12,866,269 | $606,882,481 | $56,724,195 |
| 2018 | $63,099,515 | $14,191,570 | $519,491,304 | $48,907,945 |
| 2018 | $63,099,515 | $14,191,570 | $519,491,304 | $48,907,945 |
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