WEST SENECA, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
THE ORGANIZATION'S MISSION IS TO PROVIDE THE COMMUNITY WITH THE BEST STRATEGIES TO MASTER THEIR CREDIT.
CREDIT COUNSELING: PARACHUTE CREDIT COUNSELING OFFERS COMPREHENSIVE DEBT MANAGEMENT SOLUTIONS. WHILE THE CREDIT COUNSELING AND DEBT MANAGEMENT INDUSTRY INCLUDES VARIOUS PROVIDERS, PARACHUTE...
CREDIT COUNSELING: PARACHUTE CREDIT COUNSELING OFFERS COMPREHENSIVE DEBT MANAGEMENT SOLUTIONS. WHILE THE CREDIT COUNSELING AND DEBT MANAGEMENT INDUSTRY INCLUDES VARIOUS PROVIDERS, PARACHUTE DISTINGUISHES ITSELF BY PRIORITIZING CLIENT EDUCATION AND LONG-TERM FINANCIAL WELL-BEING. WE BELIEVE IN EMPOWERING INDIVIDUALS WITH THE KNOWLEDGE AND TOOLS THEY NEED TO ACHIEVE FINANCIAL FREEDOM, RATHER THAN SIMPLY OFFERING QUICK FIXES. OUR SERVICES: CONFIDENTIAL FINANCIAL COUNSELING: CLIENTS CAN SCHEDULE A CONFIDENTIAL CONSULTATION WITH A CERTIFIED FINANCIAL COUNSELOR TO DISCUSS THEIR UNIQUE FINANCIAL SITUATION. PERSONALIZED BUDGET ANALYSIS: OUR COUNSELORS CONDUCT THOROUGH BUDGET ANALYSES TO IDENTIFY AREAS FOR IMPROVEMENT AND DEVELOP CUSTOMIZED FINANCIAL PLANS. DEBT MANAGEMENT PLANS (DMPS): FOR ELIGIBLE CLIENTS, WE OFFER DMPS THAT MAY INCLUDE: REDUCED MONTHLY PAYMENTS: LOWERING OVERALL MONTHLY DEBT OBLIGATIONS. REDUCED INTEREST RATES AND FEES: NEGOTIATING LOWER INTEREST RATES AND ELIMINATING OR REDUCING FEES CHARGED BY CREDITORS. PARACHUTE IS COMMITTED TO PROVIDING HIGH-QUALITY, CLIENT-CENTERED SERVICES THAT EMPOWER INDIVIDUALS TO ACHIEVE LONG-TERM FINANCIAL STABILITY. 3,676 CLIENTS SERVED.
THE HOUSING PROGRAMMING PARACHUTE CREDIT COUNSELING OFFERS A RANGE OF HOUSING SERVICES, PRIMARILY FOCUSED ON: 1. FORECLOSURE PREVENTION: THIS SERVICE, FUNDED BY FEDERAL AND STATE GRANTS, ASSISTS...
THE HOUSING PROGRAMMING PARACHUTE CREDIT COUNSELING OFFERS A RANGE OF HOUSING SERVICES, PRIMARILY FOCUSED ON: 1. FORECLOSURE PREVENTION: THIS SERVICE, FUNDED BY FEDERAL AND STATE GRANTS, ASSISTS HOMEOWNERS FACING MORTGAGE DELINQUENCY. PARACHUTE COUNSELORS WORK CLOSELY WITH LENDERS TO EXPLORE OPTIONS FOR CURING THE DELINQUENCY. 2. REVERSE MORTGAGE (HECM) COUNSELING: PARACHUTE PROVIDES MANDATORY COUNSELING SESSIONS FOR INDIVIDUALS CONSIDERING A REVERSE MORTGAGE. THESE SESSIONS EDUCATE CLIENTS ON THE INTRICACIES OF HECM LOANS, INCLUDING POTENTIAL RISKS AND BENEFITS, AND ARE REQUIRED TO OBTAIN A CERTIFICATE OF COMPLETION.3. HOMEBUYER EDUCATION: PARACHUTE OFFERS PRE-PURCHASE EDUCATION FOR FIRST-TIME HOMEBUYERS. THESE SESSIONS COVER ESSENTIAL TOPICS SUCH AS THE HOME-BUYING PROCESS, FINANCING OPTIONS, AND HOME MAINTENANCE. ALL PARACHUTE HOUSING COUNSELORS ARE HUD-CERTIFIED, AND PARACHUTE HAS BEEN A HUD-APPROVED HOUSING COUNSELING AGENCY SINCE 2003. 179 CLIENTS SERVED.
CREDIT EDUCATION: PARACHUTE IS COMMITTED TO EMPOWERING INDIVIDUALS WITH STRONG FINANCIAL LITERACY SKILLS. RECOGNIZING THE CRITICAL NEED FOR FINANCIAL EDUCATION IN TODAY'S COMPLEX WORLD, PARACHUTE...
CREDIT EDUCATION: PARACHUTE IS COMMITTED TO EMPOWERING INDIVIDUALS WITH STRONG FINANCIAL LITERACY SKILLS. RECOGNIZING THE CRITICAL NEED FOR FINANCIAL EDUCATION IN TODAY'S COMPLEX WORLD, PARACHUTE ACTIVELY PROMOTES RESPONSIBLE FINANCIAL HABITS WITHIN OUR COMMUNITY. IN 2025, PARACHUTE PARTNERED WITH 184 COMMUNITY AGENCIES AND SERVED 1,972 CLIENTS THROUGH A RANGE OF FINANCIAL OUTREACH PROGRAMS. NOTABLY, PRE- AND POST-TEST SCORES FROM OUR EDUCATIONAL PROGRAMS DEMONSTRATED AN AVERAGE IMPROVEMENT OF 18.7% IN CLIENT KNOWLEDGE. WE ARE HONORED TO BE A LEADING PROVIDER OF FINANCIAL LITERACY EDUCATION IN OUR COMMUNITY.
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)| 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% |
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
Sign In| 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 |
| 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 |
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