CONSUMER CREDIT AND BUDGET COUNSELING INC

EIN: 223569885 501(c)(3) Human Services

MARMORA, NJ

Total Revenue
$2,026,466
Total Expenses
$2,061,276
Total Assets
$689,897
Net Assets
$209,428
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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
1998
Legal Domicile
NJ
Principal Officer
RUSSELL GRAVES
Phone
6093909652
Tax Period
2024-01-01 to 2024-12-31

CONSUMER CREDIT AND BUDGET COUNSELING INC, founded in 1998, is a community nonprofit in the Human Services sector that reported $2.0M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring.

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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 (2024)

Revenue Breakdown

Contributions & Grants $342,420
Program Service Revenue $1,684,046
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,026,466

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,115,222
Fundraising Expenses $0
Program Expenses $1,790,747
Other Expenses $946,054
TOTAL EXPENSES $2,061,276

Year-over-Year Comparison

2024 2023 Change
Revenue $2,026,466 $2,571,350 -0.2%
Expenses $2,061,276 $2,515,655 -0.2%
Net Income $-34,810 $55,695 -1.6%
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
25
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
$298,996
Total Directors
5
$2,500
Key Employees
2
$298,996
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUDY SORENSEN PRESIDENT 040.00
Officer Key Emp Highest
$133,586 $18,487 $152,073
RUSSELL E GRAVES EXECUTIVE DIRECTOR 040.00
Officer Key Emp Highest
$128,586 $18,337 $146,923
DANIEL STEWART BOARD MEMBER 005.00
Director
$500 $0 $500
MICHAEL WETMORE BOARD MEMBER 005.00
Director
$500 $0 $500
CHARLES BENJAMIN BOARD MEMBER 005.00
Director
$500 $0 $500
BRIAN DOWNIE BOARD MEMBER 005.00
Director
$500 $0 $500
SHELLY HAMM BOARD MEMBER 005.00
Director
$500 $0 $500
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 $2,026,466 $2,061,276 $689,897 $-34,810
2023 $2,571,350 $2,515,655 $835,877 $55,695
2022 $2,447,551 $2,504,700 $753,183 $-57,149
2021 $3,720,720 $3,583,895 $1,261,705 $136,825
2020 $3,547,277 $3,545,780 $988,567 $1,497
2019 $4,211,595 $4,282,652 $901,160 $-71,057
2018 $4,820,770 $4,804,885 $1,209,545 $15,885
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