PORT JEFFERSON, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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. We strive to treat each consumer as an individual with specific needs. This mission is accomplished through telephonic counseling sessions and outreach through the educational materials available on our website during this time period. It is our goal to teach consumers the skills they need to make better financial decisions not just in the short term but over their lifetime.Counseling is conducted by Certified Credit Counselors and is especially important for those in the lower to moderate income level of the population who might not otherwise have access to this help. The organization's counseling function includes teaching consumers how to have a better understanding of where and when they are spending their money and what can be done to better their financial situation. This allows consumers to take an
The largest service provided by DCC is our credit counseling. Our counseling is performed by Certified Credit Counselors to the general public and focuses on financially educating all individuals who...
The largest service provided by DCC is our credit counseling. Our counseling is performed by Certified Credit Counselors to the general public and focuses on financially educating all individuals who are in need of help no matter their situation. Our organizations counseling service enables consumers to have a better understanding of how and where they are spending their money and what can be done to better their financial situation.Counselors help consumers complete a budget and identify opportunities to pay down their debt. This allows consumers to take an active role in understanding their cash flow; ultimately making their debt more manageable. Social Service referrals are given (if appropriate). Our in-house Education Department researches and writes all of our educational material which is used to support our counseling sessions.If appropriate, a Debt Management Program is suggested and a referral is made to a licensed 501(c)(3) organization. This program has proven to be invaluable to those for whom it is a good fit. Our Certified Credit Counselors continue to educate clients throughout the process as well as after the program is completed for as long as the clients would like. Community outreach is available through our website. All educational programs are geared to specific groups. Examples of Programs that are available include: RESCUE (Resolving, Empowering, and Supplying Counseling to the Underserved through Education) EFFECT (Employees Financial Freedom Education Training) YES (Youth Educational Services) SOS (Saving Our Seniors)Additionally, DCC offers information on such topics as: Understanding Credit Reports Getting Married? Talk Money First How to Prevent Foreclosure Life After Graduation Identity Theft Saving for Retirement Survival Guide: New College Students Parents Guide: How to Raise Financially Responsible Teens Saving for College 101 Senior Citizens Beware: Dont Lose Your Hard Earned Cash Suddenly Single? Suddenly Financially Responsible Considering Bankruptcy?Our educational information and programs are geared to help consumers adapt their budget and spending habits to coincide with life changes which may occur along the way. Its a skill they will be able to use throughout their lifetime.
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 | $52,362 | $113,572 | -0.5% |
| Expenses | $83,867 | $287,905 | -0.7% |
| Net Income | $-31,505 | $-174,333 | -0.8% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
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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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
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