NEWPORT NEWS, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)VIRGINIA MINORITY CANNABIS COALITION, founded in 2021, is a small nonprofit that reported $105K in total revenue in fiscal year 2021.
To decrease disparities in life outcomes for marginalized communities of color, and to address the disproportionate long-term destructive impact of the War on Drugs in those communities by promoting economic empowerment through equitable ownership, employment and the realloction of excise tax revenue in all five sectors of the cannabis industry.
To bring awareness to the minority communities of the business opportunities in the Virginia cannabis industry, the following program services were provided to participants 1 Opened a boot camp on...
To bring awareness to the minority communities of the business opportunities in the Virginia cannabis industry, the following program services were provided to participants 1 Opened a boot camp on cannabis entrepreneurship training 2 Provided business plan writing courses 3 Conducted five educational events in minority communities and 4 Utilized video plaform for leadership training, testing and feedback on business skills courses.
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)| 2021 | 2020 | Change | |
|---|---|---|---|
| Revenue | $104,956 | N/A | N/A |
| Expenses | $109,266 | N/A | N/A |
| Net Income | $-4,310 | N/A | N/A |
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 |
|---|---|---|---|---|---|---|
| Paul McLean | Director/ CEO | 040.00 |
Officer
Director
Key Emp
Highest
|
$33,750 | $0 | $33,750 |
| Richard Coleman | Director | 001.00 |
Director
|
$0 | $0 | $0 |
| John Hodge | Director | 004.00 |
Director
|
$0 | $0 | $0 |
| Kimberly Edwards-McLean | Director | 001.00 |
Director
|
$0 | $0 | $0 |
| Jerome Barber | Director | 001.00 |
Director
|
$0 | $0 | $0 |
| George Bodie | Director | 001.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2021 | $104,956 | $109,266 | $9,911 | $-4,310 |
Compare VIRGINIA MINORITY CANNABIS COALITION with other nonprofits in Virginia and across the country.