COUNCIL FOR FAIR LENDING

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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

2007

Legal Domicile

Principal Officer

MAX WOOD

Phone

2057339926

Tax Period

2022-01-01 to 2022-12-31

COUNCIL FOR FAIR LENDING, founded in 2007, is a small nonprofit that reported $154K in total revenue in fiscal year 2022. Revenue decreased 16% compared to the prior year.

Mission

COUNCIL FOR FAIR LENDING, INC. EXISTS AS A PUBLIC COMMUNICATION ENTITY FOR THE CASH ADVANCE AND TITLE LOAN INDUSTRY. OUR GOALS ARE TO ESTABLISH OPERATING STANDARDS FOR OUR INDUSTRY, TO EDUCATE CONSUMERS ABOUT THE USE OF OUR SERVICES AND TO COMMUNICATE THIS INFORMATION DIRECTLY TO THE GENERAL PUBLIC.

Program Service Accomplishments

Program 1

UNITE CASH ADVANCE AND TITLE LENDERS IN THE STATE OF ALABAMA IN ORDER TO BETTER EDUCATE CONSUMERS AND THE MEDIA ABOUT THE SERVICES PROVIDED BY SHORT TERM LENDERS.

Program 2

ESTABLISH ACCOUNTABILITY WITHIN THE INDUSTRY AND ENSURE FAIR TREATMENT OF ALL CUSTOMERS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $153,501

Investment Income $0

Other Revenue $0

TOTAL REVENUE $153,501

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $151,969

TOTAL EXPENSES $151,969

Year-over-Year Comparison

	2022	2021	Change
Revenue	$153,501	$182,619	-0.2%
Expenses	$151,969	$195,859	-0.2%
Net Income	$1,532	$-13,240	-1.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAX WOOD	DIRECTOR & PRESIDENT	1.00	Officer Director	$0	$0	$0
ROY HUTCHESON	DIRECTOR & TREASURER	1.00	Officer Director	$0	$0	$0
DAVID GRISSOM	DIRECTOR	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
2022	$153,501	$151,969	$8,980	$1,532
2021	$182,619	$195,859	$7,448	$-13,240
2020	$250,782	$242,411	$20,688	$8,371
2019	$292,189	$301,952	$12,317	$-9,763
2018	$321,740	$304,197	$22,080	$17,543