NATIONAL INDUSTRIAL HEMP COUNCIL

EIN: 833928316 Food, Agriculture & Nutrition

Washington, DC

Total Revenue
$815,368
Total Expenses
$479,977
Total Assets
N/A
Net Assets
$-129,818
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
DC
Principal Officer
Patrick Atagi
Phone
8327141806
Tax Period
2023-01-01 to 2023-12-31

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.

Mission

The National Industrial Hemp Council of America [NIHC] exists to promote the production and use of hemp both in North America and around the world. 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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $353,368
Program Service Revenue $462,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $815,368

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $479,977
TOTAL EXPENSES $479,977

Year-over-Year Comparison

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%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
7
Employees
1
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
7
$0
Key Employees
1
$3,176
Highest Compensated
0
reported
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
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

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
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