ABACUS CREDIT COUNSELING (EIN 260678503) - 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

2007

Legal Domicile

Phone

8005163834

Tax Period

2024-01-01 to 2024-12-31

ABACUS CREDIT COUNSELING, founded in 2007, is a community nonprofit in the Human Services sector that reported $2.4M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $2.2M left a modest 7% surplus.

Mission

TO PROVIDE AND PROMOTE CONSUMER EDUCATION AND COUNSELING ON TOPICS RELATED TO FINANCE AND CREDIT, INCLUDING BUT NOT LIMITED TO, PERSONAL FINANCE, BUDGETING, MONEY MANAGEMENT, FINANCIAL OPTIONS, BANKRUPTCY, AND THE USE OF CREDIT.

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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 $0

Program Service Revenue $2,118,871

Investment Income $285,018

Other Revenue $5,805

TOTAL REVENUE $2,409,694

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,598,462

Fundraising Expenses $0

Program Expenses $1,560,749

Other Expenses $635,052

TOTAL EXPENSES $2,233,514

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,409,694	$2,780,220	-0.1%
Expenses	$2,233,514	$2,061,982	+0.1%
Net Income	$176,180	$718,238	-0.8%

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

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

$498,011

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA AHART	CEO	40.00	Officer	$254,355	$28,656	$283,011
Kristina Ketchel	CFO	40.00	Officer	$215,000	$0	$215,000
HENKIE BARRON	Director	1.00	Director	$0	$0	$0
TOM YU	Director	1.00	Director	$0	$0	$0
Sheila Chanani	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
2024	$2,409,694	$2,233,514	$7,945,538	$176,180
2023	$2,780,220	$2,061,982	$7,365,257	$718,238
2022	$2,591,697	$2,088,384	$6,687,119	$503,313
2021	$2,039,579	$2,221,161	$7,151,653	$-181,582
2020	$2,077,678	$2,265,504	$7,182,397	$-187,826
2019	$2,353,501	$2,105,889	$6,791,952	$247,612
2018	$2,582,535	$2,038,983	$6,043,347	$543,552

ABACUS CREDIT COUNSELING