CONSUMER BANKRUPTCY ASSISTANCE PROJECT (EIN 232694116) - Form 990 Financial Analysis & Trantor Score

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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

1992

Legal Domicile

Principal Officer

SHERRY HOBAN

Phone

2155239511

Tax Period

2024-01-01 to 2024-12-31

CONSUMER BANKRUPTCY ASSISTANCE PROJECT, founded in 1992, is a small nonprofit in the Unknown sector that reported $223K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $249K exceeded revenue, resulting in a 11% operating deficit.

Mission

ASSIST PHILADELPHIANS WHOSE INCOMES ARE BELOW THE FEDERAL POVERTY LEVEL AND SEEK TO STABILIZE THEIR FINANCES.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $220,086

Program Service Revenue $0

Investment Income $0

Other Revenue $3,307

TOTAL REVENUE $223,393

Expense Breakdown

Grants Paid $0

Salaries & Benefits $224,537

Fundraising Expenses $0

Program Expenses $194,232

Other Expenses $23,972

TOTAL EXPENSES $248,509

Year-over-Year Comparison

	2024	2023	Change
Revenue	$223,393	$242,180	-0.1%
Expenses	$248,509	$248,785	0.0%
Net Income	$-25,116	$-6,605	+2.8%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$106,889

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHERRY HOBAN	EXECUTIVE DI	40.00	Officer	$89,250	$17,639	$106,889
MATTHEW HAMERMESH	PRESIDENT	1.00	Officer Director	$0	$0	$0
RACHEL MAUCERI	PRESIDENT-EL	1.00	Officer Director	$0	$0	$0
NEIL GUPTA	TREASURER	1.00	Officer Director	$0	$0	$0
HOLLY S MILLER	SECRETARY	1.00	Officer Director	$0	$0	$0
ANNE AARONSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH ARGENTINA	BOARD MEMBER	1.00	Director	$0	$0	$0
LESLIE BASKIN	BOARD MEMBER	1.00	Director	$0	$0	$0
AMELIA BOSS	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM BURNETT	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN CAREY	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFREY CARBINO	BOARD MEMBER	1.00	Director	$0	$0	$0
SHERRI DICKS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN GAGLIARDI	BOARD MEMBER	1.00	Director	$0	$0	$0
LESLIE GAYNUS	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT M GREENBAUM	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD HEASLIP	BOARD MEMBER	1.00	Director	$0	$0	$0
PETER C HUGHES	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL JACOBY	BOARD MEMBER	1.00	Director	$0	$0	$0
REGINA STANGO KELBON	BOARD MEMBER	1.00	Director	$0	$0	$0
BARRY KLEBAN	BOARD MEMBER	1.00	Director	$0	$0	$0
LAWRENCE KOTLER	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURIE KREPTO	BOARD MEMBER	1.00	Director	$0	$0	$0
FRANCIS LAWALL	BOARD MEMBER	1.00	Director	$0	$0	$0
RAYMOND LEMISCH	BOARD MEMBER	1.00	Director	$0	$0	$0
ANGELA MASTRANGELO	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK PFEIFFER	BOARD MEMBER	1.00	Director	$0	$0	$0
EDWARD PHILLIPS	BOARD MEMBER	1.00	Director	$0	$0	$0
NATALIE RAMSEY	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
MAGGIE SOBOLESKI	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY VULPIO	BOARD MEMBER	1.00	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	$223,393	$248,509	$256,839	$-25,116
2023	$242,180	$248,785	$295,075	$-6,605
2022	$203,408	$250,303	$422,808	$-46,895
2021	$262,761	$235,603	$426,530	$27,158
2020	$173,830	$222,002	$343,720	$-48,172
2019	$160,506	$236,397	$283,441	$-75,891
2018	$137,589	$175,056	$255,735	$-37,467

CONSUMER BANKRUPTCY ASSISTANCE PROJECT