INCHARGE DEBT SOLUTIONS (EIN 330770440) - 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

1997

Legal Domicile

Principal Officer

LORETTA RONEY

Phone

4072917770

Tax Period

2023-01-01 to 2023-12-31

INCHARGE DEBT SOLUTIONS, founded in 1997, is a mid-sized nonprofit in the Human Services sector that reported $14.3M in total revenue in fiscal year 2023. Expenses of $15.8M exceeded revenue, resulting in a 10% operating deficit.

Mission

INCHARGE DEBT SOLUTIONS (IDS) PROVIDES CREDIT, BANKRUPTCY, AND HOUSING COUNSELING SERVICES TO THE GENERAL PUBLIC. THESE SERVICES INCLUDE EDUCATIONAL MATERIALS AND RESOURCES, SOLUTIONS-BASED COUNSELING, CLIENT DEBT MANAGEMENT PROGRAMS, BANKRUPTCY CREDIT COUNSELING AND PRE-DISCHARGE DEBTOR EDUCATION SERVICES, FORECLOSURE PREVENTION, HOMEBUYER EDUCATION, PRE-PURCHASING HOUSING COUNSELING, AND OTHER FINANCIAL LITERACY ACTIVITIES FOR THE BENEFIT OF THE GENERAL PUBLIC.

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,389,522

Program Service Revenue $8,863,338

Investment Income $58,245

Other Revenue $2,508

TOTAL REVENUE $14,313,613

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,571,297

Fundraising Expenses $37,299

Program Expenses $14,684,406

Other Expenses $10,216,228

TOTAL EXPENSES $15,787,525

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,313,613	$13,703,408	+0.0%
Expenses	$15,787,525	$15,004,473	+0.1%
Net Income	$-1,473,912	$-1,301,065	+0.1%

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

126

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

$983,041

Total Directors

$9,966

Key Employees

$595,172

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA WEXLER	BOARD CHAIR	2.00	Director	$1,615	$0	$1,615
CAREY TARBELL	TRUSTEE	2.00	Director	$1,615	$0	$1,615
JEFF TASSEY	TRUSTEE	2.00	Director	$1,661	$0	$1,661
JAMES HARRIS	TRUSTEE UNTIL MARCH	1.00	Director	$0	$0	$0
MONIKA WILCZAK	TRUSTEE AS OF MARCH	2.00	Director	$722	$0	$722
BHAVESH VADHANI	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT RUIZ	TRUSTEE	2.00	Director	$1,725	$0	$1,725
KRISTEN SOLES	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT GALL	TRUSTEE	1.00	Director	$0	$0	$0
SUSANNA KONDRACKI	TRUSTEE	2.00	Director	$2,628	$0	$2,628
ETTA W MONEY	PRESIDENT & CEO UNTIL MAY	46.00	Officer	$214,007	$25,206	$239,213
WILLIAM MALSEED	SECRETARY/TREASURER UNTIL MAY	41.00	Officer	$129,815	$10,387	$140,202
MICHAEL C LEON BOARD SEC AS	OF JUNE AND VP OF OPERATIONS	45.00	Officer	$188,315	$16,061	$204,376
LORETTA RONEY	PRESIDENT & CEO AS OF JUNE	36.00	Officer	$224,219	$9,006	$233,225
SEIJI SHIRAISHI BOARD TREAS	AND DIR. OF ACCOUNTING AND FINANCE	27.00	Officer	$0	$29,251	$166,025
RICARDO VIERA SENIOR	DIRECTOR OF INFORMATION TECHNOLOGY	36.00	Key Emp	$0	$30,396	$189,055
KAREN CARLSON	PRESIDENT OF EDUCATION FOUNDATION	32.00	Key Emp	$0	$30,667	$219,541
SHAWN WALSH	VICE PRESIDENT OF RELATIONSHIP	36.00	Key Emp	$0	$32,350	$186,576
AHMED MOYEEN	SOFTWARE ENGINEER SENIOR	45.00	Highest	$0	$15,357	$134,570
BILLY SEXTON	IT INFRASTRUCTURE MANAGER	45.00	Highest	$0	$15,544	$137,817
SHERANA BAKHSH	PMO/QUALITY ASSURANCE MANAGER	45.00	Highest	$0	$7,928	$120,946
NIDIA MERCADO DIRECTOR	OF QUALITY AND COMPLIANCE	45.00	Highest	$114,358	$22,807	$137,165
SASAN SALEH NASSAB	DIRECTOR OF QUALITY AND COMPLIANCE	27.00	Highest	$120,352	$28,605	$148,957

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	No data	No data	No data	No data
2023	$14,313,613	$15,787,525	$8,338,382	$-1,473,912
2022	$13,703,408	$15,004,473	$10,402,259	$-1,301,065
2021	$18,359,238	$14,381,236	$11,087,223	$3,978,002
2020	$17,569,003	$17,164,920	$9,899,257	$404,083
2018	$16,065,326	$15,466,298	$6,405,414	$599,028

INCHARGE DEBT SOLUTIONS