DEBT COUNSELING CORP (EIN 113282205) - 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

1995

Legal Domicile

Principal Officer

MICHAEL NAPOLITANO

Phone

6315824300

Tax Period

2024-01-01 to 2024-12-31

DEBT COUNSELING CORP, founded in 1995, is a micro nonprofit that reported $52K in total revenue in fiscal year 2024. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $84K exceeded revenue, resulting in a 60% operating deficit.

Mission

It is the mission of Debt Counseling Corp to provide the highest quality of individual education on matters of interest to consumers related to debt, credit and financial management.

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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 $0

Program Service Revenue $52,362

Investment Income $0

Other Revenue $0

TOTAL REVENUE $52,362

Expense Breakdown

Grants Paid $0

Salaries & Benefits $53,829

Fundraising Expenses $0

Program Expenses $62,404

Other Expenses $30,038

TOTAL EXPENSES $83,867

Year-over-Year Comparison

	2024	2023	Change
Revenue	$52,362	$113,572	-0.5%
Expenses	$83,867	$287,905	-0.7%
Net Income	$-31,505	$-174,333	-0.8%

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

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

$49,335

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL NAPOLITANO	President	15.00	Officer	$45,096	$0	$45,096
CAROL A KORTH	VP&CorpSec/Trea	2.00	Officer	$4,239	$0	$4,239
PETER PROTAN	Director	1.00	Director	$0	$0	$0
GEORGIA SKEVOFILAX	Director	1.00	Director	$0	$0	$0
THERESA MULLIGAN	Director	1.00	Director	$0	$0	$0
SARAH TOTANS	Director	1.00	Director	$0	$0	$0
GERALDINE A NAPOLITANO	Director	1.00	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	$52,362	$83,867	$9,136	$-31,505
2023	$113,572	$287,905	$38,895	$-174,333
2022	$229,230	$321,034	$255,441	$-91,804
2021	$331,275	$340,287	$343,495	$-9,012
2020	$351,582	$331,526	$352,971	$20,056
2019	$348,472	$347,913	$326,379	$559
2018	$485,850	$733,526	$323,947	$-247,676

DEBT COUNSELING CORP