ASSOCIATION OF INDEPENDENT CONSUMER CREDIT COUNSELING AGENCIES INC

EIN: 223226765 501(c)(3) Human Services

BOCA RATON, FL

Total Revenue
$345,668
Total Expenses
$337,182
Total Assets
$481,468
Net Assets
$448,981
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
NJ
Principal Officer
LORI POLLACK
Phone
8662781567
Tax Period
2023-01-01 to 2023-12-31

ASSOCIATION OF INDEPENDENT CONSUMER CREDIT COUNSELING AGENCIES INC, founded in 1993, is a small nonprofit in the Human Services sector that reported $346K in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE HIGH-VALUE SERVICES DESIGNED TO ESTABLISH EQUILIBRIUM BETWEEN CONSUMERS, CREDITORS, AND MEMBER AGENCIES FOR THE SUCCESSFUL REHABILITATION OF DEBT-CHALLENGED FAMILIES AND INDIVIDUALS.

Program Service Accomplishments

Program 1
Expenses: $166,693 Revenue: $166,083

MEMBERSHIP SERVICES - THE ASSOCIATION INFORMS ITS MEMBERS ABOUT STATE AND FEDERAL LEGISLATION, CHAMPIONS CONSUMER FINANCIAL EDUCATION, SUPPORTS INDUSTRY ISSUES AND INITIATIVES THROUGH THE MEDIA, AND...

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MEMBERSHIP SERVICES - THE ASSOCIATION INFORMS ITS MEMBERS ABOUT STATE AND FEDERAL LEGISLATION, CHAMPIONS CONSUMER FINANCIAL EDUCATION, SUPPORTS INDUSTRY ISSUES AND INITIATIVES THROUGH THE MEDIA, AND STRIVES FOR THE MAINTENANCE OF CONTINUED POSITIVE RELATIONSHIPS BETWEEN CREDITORS AND THE CREDIT COUNSELING INDUSTRY. ADDITIONAL MEMBER SERVICES - THE ASSOCIATION PROVIDES INFORMED LEADERSHIP, ADVOCACY, AND VALUE-ADDED SERVICES TO ITS MEMBERS BY COLLECTING DATA ON MEMBER NEEDS, MEASURING MEMBER SATISFACTION, AND CONTINUOUSLY STRIVING TO IMPROVE THE ASSOCIATION'S EFFECTIVENESS. IN ADDITION, THE ASSOCIATION MAINTAINS A WEBSITE THAT PROVIDES INFORMATIONAL AND EDUCATIONAL RESOURCES FOR MEMBERS AND CONSUMERS IN GENERAL.

Program 2
Expenses: $105,798 Revenue: $143,980

ANNUAL CONFERENCE - THE ASSOCIATION OFFERS EDUCATIONAL CONFERENCES FOR MEMBERS TO SHARE INFORMATION AND TO OBTAIN THE LATEST UPDATES FROM INDUSTRY EXPERTS ON CREDIT COUNSELING METHODS AND PRACTICES...

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ANNUAL CONFERENCE - THE ASSOCIATION OFFERS EDUCATIONAL CONFERENCES FOR MEMBERS TO SHARE INFORMATION AND TO OBTAIN THE LATEST UPDATES FROM INDUSTRY EXPERTS ON CREDIT COUNSELING METHODS AND PRACTICES. SESSIONS ARE CONDUCTED FOR INDIVIDUALS AT ALL LEVELS OF THEIR ORGANIZATION AND ON MANY VARIED RELEVANT TOPICS. IN ADDITION, COUNSELORS IN ATTENDANCE AT THE CONFERENCE ARE ELIGIBLE TO RECEIVE CONTINUING EDUCATION CREDITS FROM THEIR THIRD PARTY CERTIFICATION PROVIDERS.

Program 3
Expenses: $500

STUDENT LOAN TRAINING - THE ASSOCIATION'S COMPREHENSIVE STUDENT LOAN TRAINING PROGRAM PROVIDES FINANCIAL COUNSELING PROFESSIONALS WITH THE TOOLS NEEDED TO HELP BORROWERS UNDERSTAND AND NAVIGATE THE...

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STUDENT LOAN TRAINING - THE ASSOCIATION'S COMPREHENSIVE STUDENT LOAN TRAINING PROGRAM PROVIDES FINANCIAL COUNSELING PROFESSIONALS WITH THE TOOLS NEEDED TO HELP BORROWERS UNDERSTAND AND NAVIGATE THE MANY COMPLEX FEDERAL STUDENT LOAN PROGRAMS. THIS PROGRAM IS A COMBINATION OF SELF STUDY VIA ON-LINE COURSE AS WELL AS INTERACTION WITH AN INSTRUCTOR.

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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 $27,500
Program Service Revenue $310,063
Investment Income $8,105
Other Revenue $0
TOTAL REVENUE $345,668

Expense Breakdown

Grants Paid $0
Salaries & Benefits $124,392
Fundraising Expenses $0
Program Expenses $272,991
Other Expenses $212,790
TOTAL EXPENSES $337,182

Year-over-Year Comparison

2023 2022 Change
Revenue $345,668 $236,933 +0.5%
Expenses $337,182 $218,047 +0.5%
Net Income $8,486 $18,886 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Governance

Voting Members
9
Independent Members
9
Employees
1
Volunteers
10

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
7
$115,942
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LORI POLLACK EXECUTIVE DIRECTOR 40.00
Officer
$110,442 $5,500 $115,942
MARTIN LYNCH PRESIDENT 15.00
Officer Director
$0 $0 $0
CHRISTOPHER VIALE VICE PRESIDENT AND CO-CHAIR 15.00
Officer Director
$0 $0 $0
JUDITH SORENSEN CO-CHAIR 7.50
Officer Director
$0 $0 $0
PHIL HEINEMANN TRUSTEE UNTIL MAY 2023, THEN TREASURER 15.00
Officer Director
$0 $0 $0
HILTON SHER TREASURER UNTIL MAY 2023 5.00
Officer Director
$0 $0 $0
RUSSELL GRAVES SECRETARY 2.00
Officer Director
$0 $0 $0
ROBB CZYZEWSKIC TRUSTEE 4.00
Director
$0 $0 $0
GARY HERMAN TRUSTEE AS OF MAY 2023 2.00
Director
$0 $0 $0
SAM HOHMAN TRUSTEE 2.00
Director
$0 $0 $0
RICK MUNSTER TRUSTEE 5.00
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $345,668 $337,182 $481,468 $8,486
2022 $236,933 $218,047 $571,523 $18,886
2021 $257,336 $167,726 $470,696 $89,610
2019 $286,103 $206,883 $359,869 $79,220
2018 $250,219 $209,504 $282,663 $40,715
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