AMERICAN DEBT RESOURCES INC

EIN: 113603198 501(c)(3) Human Services

MELVILLE, NY

Total Revenue
$536,414
Total Expenses
$534,861
Total Assets
$437,520
Net Assets
$329,118
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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
2001
Legal Domicile
NY
Principal Officer
CHRISTIAN MORIARTY
Phone
6312089005
Tax Period
2024-01-01 to 2024-12-31

AMERICAN DEBT RESOURCES INC, founded in 2001, is a small nonprofit in the Human Services sector that reported $536K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

TO ASSIST INDIVIDUALS WHO ARE EXPERIENCING FINANCIAL DIFFICULTIES THROUGH PROFESSIONAL CREDIT AND HOUSING COUNSELING SERVICES.

Program Service Accomplishments

Program 1
Expenses: $243,561

THE ORGANIZATION SUCCESSFULLY COUNSELS AND ELIMINATES THE NEED FOR DEBT CONSOLIDATION AND BANKRUPTCY THROUGH BUDGET PLANNING.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $514,120
Program Service Revenue $21,998
Investment Income $296
Other Revenue $0
TOTAL REVENUE $536,414

Expense Breakdown

Grants Paid $0
Salaries & Benefits $407,022
Fundraising Expenses $0
Program Expenses $243,561
Other Expenses $127,839
TOTAL EXPENSES $534,861

Year-over-Year Comparison

2024 2023 Change
Revenue $536,414 $575,770 -0.1%
Expenses $534,861 $493,646 +0.1%
Net Income $1,553 $82,124 -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

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Governance

Voting Members
4
Independent Members
3
Employees
6
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
1
$129,019
Total Directors
4
$129,019
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTIAN MORIARTY President 40.00
Officer Director
$129,019 $0 $129,019
WILLIAM DELIBERTI Vice President 0.00
Director
$0 $0 $0
STEPHEN DUNAT Secretary 0.00
Director
$0 $0 $0
LLOYD ANDERSON 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 $536,414 $534,861 $437,520 $1,553
2023 $575,770 $493,646 $340,308 $82,124
2022 $441,234 $424,748 $256,624 $16,486
2021 $428,351 $412,725 $239,021 $15,626
2020 $427,375 $418,442 $227,236 $8,933
2019 $490,621 $471,582 $214,241 $19,039
2018 $479,763 $462,018 $197,232 $17,745
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