Glendora, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Heavenly Treasures, founded in 1998, is a small nonprofit in the International Affairs sector that reported $625K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $821K exceeded revenue, resulting in a 31% operating deficit.
Our mission is to equip and assist people in developing countries to break the cycle of poverty through their handiwork and creativity. We focus on handicraft projects that allow the development of a micro enterprise, leading them down the path to self-sufficiency. These projects are very small enterprises, ranging from one refugee family to a group of village women, all in need of a consistent income. Our goal is to help subsidize existing Livelihood Projects by helping with assistance in business and product development, local marketing strategies, spiritual guidance, and international marketing.
Heavenly Treasures is based in the U.S. and works cross-culturally with 60 Projects (900 artisans) in 20 developing countries that are making handicrafts to support their livelihoods. These products...
Heavenly Treasures is based in the U.S. and works cross-culturally with 60 Projects (900 artisans) in 20 developing countries that are making handicrafts to support their livelihoods. These products are purchased and sold in the U.S. through retail partners in churches, retail stores, ecommerce, and various wholesale retailers. -Handicraft sales for January-December 2023 reporting period: $279.1K -15,000+ Changed Lives (individuals affected by 60+ livelihood projects income) -Livelihood Development focused in 5 countries due to covid restrictions -Heavenly Treasures Kenya: livelihood & community development, scholarships, business training, and artisan care program -$372.3K invested in activities outside the U.S. -$3.8K produced to continue activities into 2024 -$11.5K wholesale orders
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 | $625,326 | $670,997 | -0.1% |
| Expenses | $821,455 | $814,649 | +0.0% |
| Net Income | $-196,129 | $-143,652 | +0.4% |
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 |
|---|---|---|---|---|---|---|
| N/A | Board Secretary | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| N/A | Board Vice Chair | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| N/A | CEO and Board Chairman | 40.0 |
Officer
Director
|
$90,000 | $3,563 | $93,563 |
| N/A | Board Treasurer | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| N/A | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| N/A | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| N/A | Director | 1.0 |
Director
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$0 | $0 | $0 |
| N/A | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $625,326 | $821,455 | $374,261 | $-196,129 |
| 2022 | $670,997 | $814,649 | $468,009 | $-143,652 |
| 2021 | $852,914 | $703,809 | $623,365 | $149,105 |
| 2020 | $768,874 | $663,365 | $439,414 | $105,509 |
| 2019 | $795,531 | $721,559 | $472,481 | $73,972 |
| 2018 | $765,238 | $704,722 | $394,604 | $60,516 |
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