Washington, DC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NATIONAL INDUSTRIAL HEMP COUNCIL, founded in 2019, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $815K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $335K, a strong 41% operating margin.
The National Industrial Hemp Council of America [NIHCOA] exists to promote the production and use of hemp both in North America and globally. We represent the North American industrial hemp industry within its home market, and we are global advocates for its sustainable long-term growth and profitability. We assist members to enter the industry, educate consumers on the applications and advantages of industrial hemp and enable networking and the sharing of our resources. Backed by the US Government, our senior team comprises international, federal, state, private industry, and government professionals from across the agriculture and business sectors.
The NIHC held its annual business summit, a remarkable event bringing together the hemp industry's leading business, legal, and regulatory figures for pivotal discussions about developments in the...
The NIHC held its annual business summit, a remarkable event bringing together the hemp industry's leading business, legal, and regulatory figures for pivotal discussions about developments in the world of hemp. The summit provides educational and networking opportunities for those currently in or soon to be entering the industrial hemp industry.
During 2022 the NIHCOA continued work under a Market Access Program (MAP) under a federal grant from the USDA, the aim of which was to develop market access into Europe and Asia. The MAP grant period...
During 2022 the NIHCOA continued work under a Market Access Program (MAP) under a federal grant from the USDA, the aim of which was to develop market access into Europe and Asia. The MAP grant period was through 31 Dec 2022 and allowed reimbursements of qualified expense.
The Foreign Agricultural Service (FAS) of the US Department of Agriculture awarded a grant to NIHCOA under the Technical Assistance for Specialty Crops program (TASC 05) to establish a database of...
The Foreign Agricultural Service (FAS) of the US Department of Agriculture awarded a grant to NIHCOA under the Technical Assistance for Specialty Crops program (TASC 05) to establish a database of all regulatory requirements for the importation of industrial hemp into Europe. The grant goes through December 31, 2023.
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 | $815,368 | $646,524 | +0.3% |
| Expenses | $479,977 | $737,394 | -0.3% |
| Net Income | $335,391 | $-90,870 | -4.7% |
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 |
|---|---|---|---|---|---|---|
| Curtis Anderson | Chief Financial Officer | 10 |
Key Emp
|
$3,176 | $0 | $3,176 |
| Lowell Randel | Director | 10 |
Director
|
$0 | $0 | $0 |
| Patricia Sheikh | Director | 10 |
Director
|
$0 | $0 | $0 |
| Walt Smith | Director | 10 |
Director
|
$0 | $0 | $0 |
| Bob White | Director | 10 |
Director
|
$0 | $0 | $0 |
| Doug Farquhar | Director | 10 |
Director
|
$0 | $0 | $0 |
| Barry Carpenter | Director | 10 |
Director
|
$0 | $0 | $0 |
| Thomas Sloan | Secretary & Treasurer | 10 |
Director
|
$0 | $0 | $0 |
| Patrick Atagi | President & CEO | 35 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $815,368 | $479,977 | No data | $335,391 |
| 2022 | $646,524 | $737,394 | $134,055 | $-90,870 |
| 2021 | $186,620 | $420,957 | $31,475 | $-234,337 |
| 2020 | $111,800 | $125,152 | $72,611 | $-13,352 |
| 2019 | $122,414 | $249,064 | $7,090 | $-126,650 |
Compare NATIONAL INDUSTRIAL HEMP COUNCIL with other nonprofits in District of Columbia and across the country.