COEUR dALENE, ID
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NEW COVENANT MISSIONS INC, founded in 2002, is a community nonprofit in the International Affairs sector that reported $2.4M in total revenue in fiscal year 2024.
CHARITABLE - RELIGIOUS
VisionFor years, helping countries in need has been driven by a model based on charity aid assistance - giving handouts to the needy. But this kind of aid creates a dependency that cripples people...
VisionFor years, helping countries in need has been driven by a model based on charity aid assistance - giving handouts to the needy. But this kind of aid creates a dependency that cripples people. NEW COVENANT MISSIONS [NCM] brings a new and invigorating model to missions: helping people to become self-sufficientStrategyNCM's strategy is to implement the principles of a "business as missions organization. It focuses on partnering with people in developing nations to instill sustainable business practices while meeting the core needs of individuals and their communities. To enable the people of Ethiopia to be self-sufficient in all areas of their lives, NCF has created seven unique Initiatives: * Church Planting, Health Care, Education and Personal Assistance Initiatives all help foster "Community Development". * The Finance, Innovation, and Marketing initiatives all help promote "Economic DevelopmentMissionThe mission of the New Covenant Missions is to: * Proclaim the gospel of Jesus Christ * Break the bonds of dependency on foreign aid by empowering individuals and communities to be self-sufficient Create a mutual partnership with people that enable long-term sustainability of their economy, their environment, and their community.Primary Focus1) Church Planting: The focus of New Covenant Foundation is to reach people for Jesus Christ. The Church Planting Initiative supports local church planters. Instead of bringing in foreign missionaries, NCM believes that the most effective way to spread Christs love is to enable people in their own country to minister to their own people. 2) Community Health Education: The focus is on the "preventative not curative" process. This is accomplished by providing basic health information and training throughout rural communities in southern Ethiopia. The training covers topics such as water purification, sanitation, agriculture, nutrition, maternal care and childcare, home care, prevention of disease including HIV/AIDS. They have shared this information in nearly 500 communities to over 900,000 people. Preliminary results show and estimated 50% reduction in the infant mortality rate and malnutrition rate.2024 New Covenant Missions Accomplishments640 African families were provided a job to plant churches at a monthly income ranging from $130 300 per month.24 African professionals were provided full time jobs to manage our work.2316 new Churches were formed.54610 people were added to these new churches as members and counseled to live a better life by the African families we support.721908 Africans were invited to be a part of the churches and had the Gospel of Jesus Christ shared with them.Continual support of an orphanage in Tanzania supporting 10 children.Built/started 2 freshwater projects (Zambia, Congo Republic)Construction of a Bible College in Ethiopia.Continued the process of building a school in Uganda to serve 150+ kids.Provided school uniforms and school supplies in Nigeria.Staffing and provision of uniforms and lunches for a public kindergarten school that we built in 2020 to serve 75 children in Ethiopia.Provided food, clothing, medical, and social care for 30 elderly Ethiopian widows and 10 orphans.Provided food relief to 5,800+ people in Ethiopia, Zambia and Niger.Provided language schools for 50+ students in Mauritania.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $2,358,467 | $2,306,582 | +0.0% |
| Expenses | $2,350,114 | $2,223,764 | +0.1% |
| Net Income | $8,353 | $82,818 | -0.9% |
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 |
|---|---|---|---|---|---|---|
| ERIK E LAURSEN | Director | 40.00 |
Officer
Director
|
$112,545 | $0 | $112,545 |
| MICHAEL STEMM | Chairman | 20.00 |
Officer
Director
|
$0 | $0 | $0 |
| DIANA KIMANI | Secretary | 0.00 |
Director
|
$0 | $0 | $0 |
| DAVID HENDERSON | Director | 0.00 |
Director
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$0 | $0 | $0 |
| MICHAEL SMITH | Vice President | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| JEFF DAVIS | Treasurer | 0.00 |
Director
|
$0 | $0 | $0 |
| BEN THOMAS | Director | 0.00 |
Director
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$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $2,358,467 | $2,350,114 | $361,474 | $8,353 |
| 2023 | $2,306,582 | $2,223,764 | $366,858 | $82,818 |
| 2022 | $1,775,320 | $1,813,872 | $341,104 | $-38,552 |
| 2021 | $1,798,794 | $1,699,079 | $318,643 | $99,715 |
| 2020 | $1,252,273 | $1,163,623 | $204,897 | $88,650 |
| 2019 | $1,010,218 | $959,778 | $165,726 | $50,440 |
| 2018 | $665,384 | $618,318 | $85,591 | $47,066 |
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