PARACHUTE CREDIT COUNSELING INC (EIN 160909583) - 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

1965

Legal Domicile

Principal Officer

NOELLE CARTER

Phone

7167122060

Tax Period

2025-01-01 to 2025-12-31

PARACHUTE CREDIT COUNSELING INC, founded in 1965, is a community nonprofit in the Human Services sector that reported $1.7M in total revenue in fiscal year 2025.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE THE COMMUNITY WITH THE BEST STRATEGIES TO MASTER THEIR CREDIT.

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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 (2025)

Revenue Breakdown

Contributions & Grants $476,703

Program Service Revenue $1,191,181

Investment Income $23,103

Other Revenue $8,687

TOTAL REVENUE $1,699,674

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,168,431

Fundraising Expenses $0

Program Expenses $1,644,813

Other Expenses $597,855

TOTAL EXPENSES $1,766,286

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,699,674	$1,689,523	+0.0%
Expenses	$1,766,286	$1,813,967	0.0%
Net Income	$-66,612	$-124,444	-0.5%

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

$140,216

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH M MORRISON	BOARD CHAIRMAN	1.00	Officer Director	$0	$0	$0
MATTHEW SCHERMERHORN	TREASURER	1.00	Officer Director	$0	$0	$0
RAMON MORALES	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KATHERINE Q LEWIS	SECRETARY	1.00	Officer Director	$0	$0	$0
STEVEN DOLAN	DIRECTOR	1.00	Director	$0	$0	$0
DEANNA EASON	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH SALLEE	DIRECTOR	1.00	Director	$0	$0	$0
NANCY L LATULIP	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT TORELLA	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA ZALEN	DIRECTOR	1.00	Director	$0	$0	$0
NOELLE CARTER	PRESIDENT & CEO	40.00	Officer	$135,716	$4,500	$140,216

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
2025	$1,699,674	$1,766,286	$1,359,302	$-66,612
2024	$1,689,523	$1,813,967	$1,517,474	$-124,444
2023	$1,656,143	$1,704,761	$1,339,233	$-48,618
2022	$1,698,417	$1,698,094	$1,575,678	$323
2021	$2,023,001	$1,699,035	$1,364,905	$323,966
2020	$1,868,155	$1,753,087	$1,252,296	$115,068
2019	$1,704,474	$1,602,659	$901,777	$101,815
2018	$1,556,577	$1,545,378	$862,305	$11,199

PARACHUTE CREDIT COUNSELING INC