American Credit Counseling Service Inc (EIN 043155735) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

Michael Edgar

Phone

5086434445

Tax Period

2024-01-01 to 2024-12-31

American Credit Counseling Service Inc, founded in 1992, is a small nonprofit in the Unknown sector that reported $122K in total revenue in fiscal year 2024.

Mission

Budget and credit counseling

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $59,347

Program Service Revenue $62,533

Investment Income $0

Other Revenue $270

TOTAL REVENUE $122,150

Expense Breakdown

Grants Paid $0

Salaries & Benefits $89,435

Fundraising Expenses $0

Program Expenses $108,154

Other Expenses $35,484

TOTAL EXPENSES $124,919

Year-over-Year Comparison

	2024	2023	Change
Revenue	$122,150	$119,961	+0.0%
Expenses	$124,919	$175,579	-0.3%
Net Income	$-2,769	$-55,618	-1.0%

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

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$62,200

Total Directors

$62,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Higgins	Vice President	40.00	Officer Director	$22,000	$9,000	$31,000
Michael L Edgar	President	40.00	Officer Director	$22,200	$9,000	$31,200
Stephanie Comeau	Board member	0.00	Director	$0	$0	$0
Molly Curren	Board member	0.00	Director	$0	$0	$0
Matthew Geminiani	Board member	0.00	Director	$0	$0	$0
Melissa Kenerson	Board member	0.00	Director	$0	$0	$0
Michael McCue	Board member	0.00	Director	$0	$0	$0
Mark Stolworthy	Board member	0.00	Director	$0	$0	$0
Melissa Wagner	Board member	0.00	Director	$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
2024	$122,150	$124,919	$59,146	$-2,769
2023	$119,961	$175,579	$70,122	$-55,618
2022	$180,907	$190,446	$75,808	$-9,539
2021	$178,001	$174,876	$76,031	$3,125
2020	$193,341	$193,079	$84,041	$262
2019	$220,588	$215,263	$103,528	$5,325
2018	$218,415	$223,338	$126,423	$-4,923

American Credit Counseling Service Inc