CONSUMER CREDIT AND BUDGET COUNSELING INC

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

MARMORA, NJ

Total Revenue
$2,231,005
Total Expenses
$2,257,617
Total Assets
$753,379
Net Assets
$182,816
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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
2025-01-01 to 2025-12-31

CONSUMER CREDIT AND BUDGET COUNSELING INC, founded in 1998, is a community nonprofit in the Human Services sector that reported $2.2M in total revenue in fiscal year 2025. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

DESCRIPTION OF ORGANIZATION MISSION ORGANIZATIONS MISSION OR MOST SIGNIFICANT ACTIVITIES. CCBCS MISSION IS TO BUILD FINANCIAL WELLNESS THROUGH EDUCATION. IT IS THE POLICY OF CCBC AND ITS STAFF TO PROVIDE MEANINGFUL PERSONAL FINANCIAL EDUCATION AND COUNSELING THAT MEETS OR EXCEEDS CUSTOMER REQUIREMENTS AND TO ENHANCE MEASURABLY, THROUGH OUTREACH ACTIVITY, THE ECONOMIC WELLNESS OF COMMUNITIES SERVED

Program Service Accomplishments

Program 1
Expenses: $1,988,697 Revenue: $2,231,005

PROGRAM TO CARRYOUT EDUCATIONAL AND CONFIDENTIAL COUNSELING TO INDIVIDUALS AND FAMILIES WITH SERIOUS MONEY PROBLEMS, INCLUDING DEBT MANAGEMENT PLANS AND HOUSING COUNSELING TO EDUCATE THE HOMEOWNER...

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PROGRAM TO CARRYOUT EDUCATIONAL AND CONFIDENTIAL COUNSELING TO INDIVIDUALS AND FAMILIES WITH SERIOUS MONEY PROBLEMS, INCLUDING DEBT MANAGEMENT PLANS AND HOUSING COUNSELING TO EDUCATE THE HOMEOWNER PRIOR TO ENTERING FORECLOSURE, DURING, AND/OR SUBMITTING A REVERSE MORTGAGE LOAN APPLICATION. CCBC STAFF IS EXTENSIVELY TRAINED AND CERTIFIED FOR EACH PROGRAM DELIVERED AND CCBC INTERNAL REQUIREMENTS OFTEN EXCEED HUD PROTOCOL FOR PROGRAM DELIVERY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $417,983
Program Service Revenue $1,813,022
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,231,005

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,139,167
Fundraising Expenses $0
Program Expenses $1,988,697
Other Expenses $1,118,450
TOTAL EXPENSES $2,257,617

Year-over-Year Comparison

2025 2024 Change
Revenue $2,231,005 $2,026,466 +0.1%
Expenses $2,257,617 $2,061,276 +0.1%
Net Income $-26,612 $-34,810 -0.2%
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
21
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
$278,003
Total Directors
5
$0
Key Employees
2
$278,003
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUDY SORENSEN PRESIDENT 040.00
Officer Key Emp Highest
$121,344 $20,232 $141,576
RUSSELL E GRAVES EXECUTIVE DIRECTOR 040.00
Officer Key Emp Highest
$116,345 $20,082 $136,427
DANIEL STEWART BOARD MEMBER 005.00
Director
$0 $0 $0
MICHAEL WETMORE BOARD MEMBER 005.00
Director
$0 $0 $0
CHARLES BENJAMIN BOARD MEMBER 005.00
Director
$0 $0 $0
BRIAN DOWNIE BOARD MEMBER 005.00
Director
$0 $0 $0
SHELLY HAMM BOARD MEMBER 005.00
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 $2,231,005 $2,257,617 $753,379 $-26,612
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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