SILVER SPRING, MD
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HIAS ECONOMIC ADVANCEMENT FUND INC, founded in 2022, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 92% from the prior year, signaling strong growth momentum. The organization ran a surplus of $391K, a strong 34% operating margin.
"HIAS ECONOMIC ADVANCEMENT FUND, INC. IS AN UNCONSOLIDATED SUBSIDIARY OF HIAS, INC. EAF MEETS THE FINANCIAL NEEDS OF LOW-INCOME INDIVIDUALS, INCLUDING REFUGEES, THEIR FAMILIES, AND THEIR COMMUNITIES BY PROVIDING ACCESS TO FINANCIAL PRODUCTS AND SERVICES THAT PROMOTE ECONOMIC OPPORTUNITY AND FINANCIAL WELL-BEING.
EAF ASSISTED 205 ENTREPRENEURS AND DISBURSED 36 MICROENTERPRISE LOANS IN 2025, COMPLEMENTED BY TECHNICAL ASSISTANCE DELIVERED THROUGH PARTNERSHIPS WITH COMMUNITY ORGANIZATIONS. THROUGH THESE...
EAF ASSISTED 205 ENTREPRENEURS AND DISBURSED 36 MICROENTERPRISE LOANS IN 2025, COMPLEMENTED BY TECHNICAL ASSISTANCE DELIVERED THROUGH PARTNERSHIPS WITH COMMUNITY ORGANIZATIONS. THROUGH THESE PARTNERSHIPS, BORROWERS RECEIVE BUSINESS COUNSELING, FINANCIAL AND CREDIT EDUCATION, AND ACCESS TO CAPITAL THROUGH EAF. LOAN PRODUCTS ARE DESIGNED FOR LOW-INCOME INDIVIDUALS, INCLUDING REFUGEES AND IMMIGRANTS, WITH LITTLE OR NO CREDIT HISTORY, WHO ARE UNABLE TO ACCESS MAINSTREAM FINANCIAL INSTITUTIONS. IN 2024, EAF SERVED ENTREPRENEURS IN 18 CITIES ACROSS FIVE STATES, WITH LOANS AVERAGING $10,852. SURVEY ANALYSIS SHOWS STRONG OUTCOMES: 86% OF BUSINESSES REMAIN ACTIVE SINCE RECEIVING A LOAN, BORROWER HOUSEHOLDS REPORT INCOME GAINS OF MORE THAN $1,000 PER MONTH, AND 99% WOULD RECOMMEND EAF TO OTHERS.
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 | $1,142,557 | $593,976 | +0.9% |
| Expenses | $751,941 | $649,865 | +0.2% |
| Net Income | $390,616 | $-55,889 | -8.0% |
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 |
|---|---|---|---|---|---|---|
| ALICIA WRENN | CHAIRPERSON (END 03/11/2025) | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| TAMRA THETFORD | CHAIRPERSON (FROM 03/11/2025) | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| GREG MIKULKA | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| TITI IKHILE | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| AMANDA JOSEPH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BARBARA ECKBLAD | DIRECTOR, (FROM 02/13/2025) | 1.00 |
Director
|
$0 | $0 | $0 |
| PHILLIP BAILEY | EXECUTIVE DIRECTOR | 35.00 |
Officer
|
$109,585 | $41,087 | $150,672 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $1,142,557 | $751,941 | $1,678,791 | $390,616 |
| 2024 | $593,976 | $649,865 | $1,024,263 | $-55,889 |
| 2023 | $703,628 | $188,321 | $598,517 | $515,307 |
Compare HIAS ECONOMIC ADVANCEMENT FUND INC with other nonprofits in Maryland and across the country.