Allen Credit & Debt Counseling

EIN: 203413292 501(c)(3) Human Services

Wolsey, SD

Total Revenue
$1,082,015
Total Expenses
$1,066,535
Total Assets
$350,779
Net Assets
$116,822
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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
2005
Legal Domicile
SD
Principal Officer
Glenn Jungemann
Phone
6098052240
Tax Period
2023-07-01 to 2024-06-30

Allen Credit & Debt Counseling, founded in 2005, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

Consumer credit debt counseling service and education. Low income housing assistance

Program Service Accomplishments

Program 1
Expenses: $909,188 Revenue: $1,090,455

providing consumer credit mangement education, pre bankruptcy debt and credit counseling and personal financial management instructional education

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,090,455
Investment Income $12
Other Revenue $-8,452
TOTAL REVENUE $1,082,015

Expense Breakdown

Grants Paid $0
Salaries & Benefits $644,920
Fundraising Expenses $4,991
Program Expenses $909,188
Other Expenses $421,615
TOTAL EXPENSES $1,066,535

Year-over-Year Comparison

2023 2022 Change
Revenue $1,082,015 $930,440 +0.2%
Expenses $1,066,535 $946,182 +0.1%
Net Income $15,480 $-15,742 -2.0%
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
5
Independent Members
5
Employees
10
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
3
$92,438
Total Directors
6
$92,438
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Glenn Jungemann CEO 040.00
Officer Director
$92,438 $0 $92,438
N/A Sec 001.00
Officer Director
$0 $0 $0
Joel Prybil Board Member 001.00
Director
$0 $0 $0
David Struck Pres 001.00
Officer Director Key Emp
$0 $0 $0
Mike Vaupel Board Member 001.00
Director
$0 $0 $0
Damon Wolf Board Member 001.00
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 $1,082,015 $1,066,535 $350,779 $15,480
2023 $930,440 $946,182 $386,583 $-15,742
2022 $889,078 $895,487 $413,969 $-6,409
2021 $1,340,879 $1,236,940 $408,689 $103,939
2020 $1,373,883 $1,265,319 $482,284 $108,564
2019 $1,344,910 $1,322,071 $449,742 $22,839
2018 $1,243,430 $1,281,358 $472,360 $-37,928
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