RUSHMORE CONSUMER CREDIT RESOURCE CENTER

EIN: 237364664 501(c)(3) Human Services

RAPID CITY, SD

Total Revenue
$861,678
Total Expenses
$351,940
Total Assets
$1,518,381
Net Assets
$1,417,265
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
SD
Principal Officer
BONNIE SPAIN
Phone
6053484550
Tax Period
2024-01-01 to 2024-12-31

RUSHMORE CONSUMER CREDIT RESOURCE CENTER, founded in 1974, is a small nonprofit in the Human Services sector that reported $862K in total revenue in fiscal year 2024. Revenue surged 148% from the prior year, signaling strong growth momentum. The organization ran a surplus of $510K, a strong 59% operating margin.

Mission

IMPROVING FINANCIAL STABILITY THROUGH COUNSELING AND EDUCATION. WE SUPPORT THE FINANCIAL WELLNESS OF ALL.

Program Service Accomplishments

Program 1
Expenses: $237,703 Revenue: $40,414

CONSUMER CREDIT COUNSELING SERVICE OF THE BLACK HILLS PROVIDES COMPREHENSIVE FINANCIAL AND HOUSING COUNSELING AT NO CHARGE. HOUSING SERVICES INCLUDE: HOMELESS ASSISTANCE, RENTAL TOPICS...

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CONSUMER CREDIT COUNSELING SERVICE OF THE BLACK HILLS PROVIDES COMPREHENSIVE FINANCIAL AND HOUSING COUNSELING AT NO CHARGE. HOUSING SERVICES INCLUDE: HOMELESS ASSISTANCE, RENTAL TOPICS, PREPURCHASE/HOMEBUYING, HOME MAINTENANCE AND FINANCIAL MANAGEMENT NON-DELINQUENT POST PURCHASE, AND RESOLVING OR PREVENTING MORTGAGE DELINQUENCY OF DEFAULT. A CERTIFIED CONSUMER CREDIT COUNSELOR MEETS WITH AN INDIVIDUAL OR FAMILY FOR 2 HOURS. THE CONTENT OF THE COUNSELING IS TAILORED TO FIT EACH INDIVIDUAL CLIENT, AS EACH SITUATION AND NEEDS ARE DIFFERENT. THE ACTION PLAN INCLUDES ISSUES AND CAUSES, INFORMATION ON THE CLIENT'S INDIVIDUAL CIRCUMSTANCES, THE CLIENT'S SHORT AND LONG-TERM GOALS, AND ACTION STEPS TO INCLUDE OPTIONS, SUGGESTIONS, AND REFERRALS TO OTHER SERVICES OR ORGANIZATIONS IF WE CANNOT PROVIDE THESE NEEDED SERVICES. WE PROVIDED HOUSING AND FINANCIAL COUNSELING FOR 405 HOUSEHOLDS AND DMP CLIENTS. FOR SOME INSOLVENT INDIVIDUALS AND FAMILIES, THE FINANCIAL ASSESSMENT REVEALS THAT A DEBT MANAGEMENT PROGRAM IS A VIABLE OPTION THAT MAY HELP THEM MANAGE THEIR FINANCES AND REPAY THEIR DEBTS. OUR DEBT MANAGEMENT CLIENTS REPAID OVER 552,933.

Program 2
Expenses: $29,236 Revenue: $82,068

THE AMERICAN CENTER FOR CREDIT EDUCATION DEVELOPS AND PUBLISHES FINANCIAL EDUCATION PROGRAMS INCLUDING CREDIT WHEN CREDIT IS DUE, MAKE YOUR MOVE - A GUIDE TO HOMEOWNERSHIP, MONEY IN MOTION, START...

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THE AMERICAN CENTER FOR CREDIT EDUCATION DEVELOPS AND PUBLISHES FINANCIAL EDUCATION PROGRAMS INCLUDING CREDIT WHEN CREDIT IS DUE, MAKE YOUR MOVE - A GUIDE TO HOMEOWNERSHIP, MONEY IN MOTION, START RIGHT: BUILD YOUR OWN BUSINESS, REBUILDING YOUR CREDIT, CUT THROUGH THE CONFUSION ON HEALTH INSURANCE AND MEDICAL BILLS, AND TEN STEPS TO BUYING A CAR. WE ALSO DISTRIBUTE THESE PROGRAMS NATIONWIDE TO NON-PROFIT CREDIT AND HOUSING COUNSELING AGENCIES AND COMMUNITY ACTION AGENCIES. WE HAVE DISTRIBUTED 1,853,564 FINANCIAL LITERACY PROGRAMS. LOCALLY, WE ARE DEEPLY COMMITTED TO PROMOTING FINANCIAL LITERACY TO THE UNDERSERVED POPULATIONS WITHIN OUR COMMUNITIES. OUR APPROACH PRIORITIZES BREAKING BARRIERS TO ACCESS AND MEETING INDIVIDUALS WHERE THEY ARE WITH TARGETED PARTNERSHIPS AND PROGRAMS: WE REACH INDIVIDUALS AND FAMILIES OFTEN OVERLOOKED BY MAINSTREAM SERVICES. WE COLLABORATE WITH ONEHEART, CORNERSTONE WOMEN'S APARTMENTS, THE VA, AND VOLUNTEERS OF AMERICA, TO ENSURE PEOPLE EXPERIENCING HOMELESSNESS RECEIVE THE COUNSELING AND EDUCATION THEY NEED. RECOGNIZING THE DIVERSITY OF CHALLENGES FACED BY INDIVIDUALS, WE ADDRESS THE NEEDS OF THOSE STRUGGLING WITH ADDICTION BY PARTNERING WITH CRISIS CARE CENTER, LSS, AND NORTHERN HILLS DRUG COURT. SIMILARLY, WE SUPPORT AT-RISK YOUTH THROUGH JOB CORPS AND FAMILY CONNECTIONS, AND SINGLE PARENTS THROUGH CATHOLIC SOCIAL SERVICES' UPLIFTING PARENTS PROGRAM. INCLUSION FOR MARGINALIZED GROUPS: OUR WORK EXTENDS TO INCARCERATED INDIVIDUALS THROUGH PARTNERSHIPS WITH PENNINGTON COUNTY JAIL, THE RAPID CITY WORK CENTER, THE PENNINGTON COUNTY JUVENILE SERVICE CENTER, AND THE WOMEN'S PRISON, HELPING THEM REINTEGRATE INTO SOCIETY WITH BETTER TOOLS AND RESOURCES. WE WORK WITH ELLSWORTH AIR FORCE BASE AND THE DEPARTMENT OF LABOR'S TANF PROGRAM TO SERVE WORKING FAMILIES, MILITARY PERSONNEL, AND THOSE FACING ECONOMIC HARDSHIP. BUILDING INTENTIONAL PARTNERSHIPS AND TAILORING OUR SERVICES TO MEET THE UNIQUE NEEDS OF THESE POPULATIONS, WE STRIVE TO FOSTER A SENSE OF BELONGING, EMPOWERMENT, AND OPPORTUNITY FOR ALL. IN 2024, LOCALLY WE REACHED 978 INDIVIDUALS WITH CLASSES AND 544 WITH ONLINE PROGRAMS.

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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 $226,358
Program Service Revenue $40,414
Investment Income $509,890
Other Revenue $85,016
TOTAL REVENUE $861,678

Expense Breakdown

Grants Paid $540
Salaries & Benefits $216,905
Fundraising Expenses $0
Program Expenses $266,939
Other Expenses $134,495
TOTAL EXPENSES $351,940

Year-over-Year Comparison

2024 2023 Change
Revenue $861,678 $348,125 +1.5%
Expenses $351,940 $353,524 0.0%
Net Income $509,738 $-5,399 -95.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
5
Volunteers
11

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
5
$84,728
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BONNIE SPAIN EXECUTIVE DI 40.00
Officer
$84,411 $317 $84,728
DEEANN M DIETRICH CHAIRWOMAN 2.00
Officer Director
$0 $0 $0
CAROLYN A TEIGEN VICE CHAIRWO 2.00
Officer Director
$0 $0 $0
MELISSA K MONTGOMERY TREASURER 2.00
Officer Director
$0 $0 $0
KATHERINE DENISON SECRETARY 2.00
Officer Director
$0 $0 $0
ELTON J FINCK BOARD MEMBER 1.00
Director
$0 $0 $0
CURTIS S JENSEN BOARD MEMBER 1.00
Director
$0 $0 $0
RICK S KAHLER BOARD MEMBER 1.00
Director
$0 $0 $0
DAPHNE G PEREZ BOARD MEMBER 1.00
Director
$0 $0 $0
TINA M RAWSTERN BOARD MEMBER 1.00
Director
$0 $0 $0
AMY R THOMPSON BOARD MEMBER 1.00
Director
$0 $0 $0
COREY R WEBER BOARD MEMBER 1.00
Director
$0 $0 $0
RICK L BRADY 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 $861,678 $351,940 $1,518,381 $509,738
2023 $348,125 $353,524 $1,126,274 $-5,399
2022 $326,130 $344,221 $1,146,288 $-18,091
2021 $416,877 $487,141 $1,176,938 $-70,264
2020 $507,022 $528,040 $1,273,131 $-21,018
2019 $672,497 $614,982 $1,321,170 $57,515
2018 $580,809 $611,129 $1,252,417 $-30,320
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