CONSUMER FINANCIAL EDUCATION FOUNDATION OF AMERICA INC

EIN: 203424094 501(c)(3) Human Services

BIRMINGHAM, AL

Total Revenue
$363,708
Total Expenses
$313,726
Total Assets
$136,054
Net Assets
$-202,805
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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
AL
Principal Officer
RICHARD MAUK
Phone
2053212822
Tax Period
2023-01-01 to 2023-12-31

CONSUMER FINANCIAL EDUCATION FOUNDATION OF AMERICA INC, founded in 2005, is a small nonprofit in the Human Services sector that reported $364K in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $314K left a modest 14% surplus.

Mission

TO PROVIDE FINANCIAL MANAGEMENT EDUCATION AND TRAINING, INCLUDING COUNSELING ON RESPONSIBLE USE OF CREDIT, AVAILABILITY OF CREDIT COUNSELING, AND ASSIST IN BUDGETARY ANALYSIS, TO FINANCIALLY TROUBLED INDIVIDUALS AND FAMILIES.

Program Service Accomplishments

Program 1
Expenses: $208,942 Revenue: $363,708

COMPANY PERSONNEL INTERVIEW CLIENTS AND PROVIDE ANALYSIS OF THE FINANCIAL SITUATION. THEY PROVIDE AN ACTION PLAN TO ASSIST IN MEETING BUDGETED GOALS.

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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 $100,000
Program Service Revenue $263,708
Investment Income $0
Other Revenue $0
TOTAL REVENUE $363,708

Expense Breakdown

Grants Paid $0
Salaries & Benefits $182,668
Fundraising Expenses $0
Program Expenses $208,942
Other Expenses $131,058
TOTAL EXPENSES $313,726

Year-over-Year Comparison

2023 2022 Change
Revenue $363,708 $256,885 +0.4%
Expenses $313,726 $352,454 -0.1%
Net Income $49,982 $-95,569 -1.5%
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

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Governance

Voting Members
6
Independent Members
4
Employees
5
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
2
$70,179
Total Directors
7
$70,179
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT WHYRICK MEMBER,VP,SE 40.00
Officer Director
$62,872 $0 $62,872
RICHARD MAUK PRESIDENT 40.00
Officer Director
$7,307 $0 $7,307
JACKIE ANDERSON-SMITH MEMBER N/A
Director
$0 $0 $0
DAVID DONALDSON MEMBER N/A
Director
$0 $0 $0
LILA HACKETT MEMBER N/A
Director
$0 $0 $0
THE HONORABLE ARTHUR J HANES MEMBER N/A
Director
$0 $0 $0
DAVID HERRING MEMBER N/A
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 No data No data No data No data
2023 $363,708 $313,726 $136,054 $49,982
2022 $256,885 $352,454 $25,717 $-95,569
2021 $391,699 $294,012 $77,557 $97,687
2020 $374,802 $461,057 $29,138 $-86,255
2019 $469,220 $475,511 $32,410 $-6,291
2018 $488,290 $500,036 $35,015 $-11,746
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