Fort Lee, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CHAMPIONS FOR BETTER BUSINESS INC, founded in 2020, is a small nonprofit that reported $296K in total revenue in fiscal year 2022. Revenue surged 935% from the prior year, signaling strong growth momentum. Expenses of $280K left a modest 5% surplus.
This corporation was a non-profit organization established with purposes to: i) lessen the burden of government by aiding communities business sectors against decline and its associated costs to government in the form of diminished tax receipts and facilitating government efforts to shore up impaired business sectors; and, ii) mitigate community deterioration by assisting businesses from having to close or relocate from communities in which they the businesses operate. The corporation pursued its purposes by shoring up businesses non-core business transactions, enabling greater savings, liquidity, and time to focus on core business efforts. In addition, the corporation worked with businesses to divert their obsolete and/or excess resources (e.g., furniture & equipment) to non-profit organizations and communities in need.
Champions for Better Business managed the removal of Furniture, Fixtures, and Equipment from hotels across the country. In so doing, clients were able to focus on their renovations or repurposing of...
Champions for Better Business managed the removal of Furniture, Fixtures, and Equipment from hotels across the country. In so doing, clients were able to focus on their renovations or repurposing of properties to a more productive and profitable use. Also, instead of throwing the items into the local landfill, our organization hired local citizens to remove and sell the hotel items to other local citizens and donated a significant portion to local charities.
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)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $295,685 | $28,562 | +9.4% |
| Expenses | $279,991 | $23,953 | +10.7% |
| Net Income | $15,694 | $4,609 | +2.4% |
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 |
|---|---|---|---|---|---|---|
| Freddy Kalles | CEO & Board Director | 25.00 |
Officer
Director
|
$0 | $0 | $0 |
| Thomas Eley | Director | 0.25 |
Director
|
$0 | $0 | $0 |
| Michael Goldstein | CFO & Director | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2022 | $295,685 | $279,991 | $20,303 | $15,694 |
Compare CHAMPIONS FOR BETTER BUSINESS INC with other nonprofits in New Jersey and across the country.