Family Credit Counseling Service

EIN: 364060853 501(c)(3) Human Services

Chicago, IL

Total Revenue
$10,056,017
Total Expenses
$8,169,806
Total Assets
$12,114,882
Net Assets
$10,864,340
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
IL
Principal Officer
Michael McAuliffe
Phone
8009943328
Tax Period
2025-01-01 to 2025-12-31

Family Credit Counseling Service, founded in 1996, is a mid-sized nonprofit in the Human Services sector that reported $10.1M in total revenue in fiscal year 2025. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 19% operating margin.

Mission

Family Credit Counseling Service,Inc. DBA Family Credit Management exists to improve the financial well-being of individuals and families through financial education, counseling, and debt repayment assistance, with a focus on consumers experiencing financial hardship, excessive debt, or limited financial resources.

Program Service Accomplishments

Program 1
Expenses: $970,101 Revenue: $0

Counseling Services: Family Credit Management provided individualized financial counseling and education services through telephone, online, and in-person channels. Services were designed to assist...

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Counseling Services: Family Credit Management provided individualized financial counseling and education services through telephone, online, and in-person channels. Services were designed to assist consumers in addressing financial distress, improving financial literacy, and achieving greater financial stability. Counseling services included budget analysis, spending plans, review of credit reports, evaluation of debt repayment options, housing counseling,and pre-bankruptcy counseling. Counselors worked with clients to assess income, expenses, and liabilities and develop action plans tailored to each households circumstances. Family Credit is approved by the U.S. Department of Justice to provide pre-filing bankruptcy counseling and issue certificates in accordance with federal requirements. Services were delivered by trained and supervised staff under established internal policies and procedures.

Program 2
Expenses: $1,376,803 Revenue: $0

Education Services: Family Credit Management provided financial education services through workshops, seminars, digital content, and community outreach initiatives. These services were designed to...

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Education Services: Family Credit Management provided financial education services through workshops, seminars, digital content, and community outreach initiatives. These services were designed to improve financial literacy and promote informed financial decision-making, particularly for individuals and families experiencing financial hardship or limited financial resources. Educational topics included budgeting, saving, credit management, responsible use of credit, debt reduction strategies, and consumer awareness. Resources were provided through in-person presentations, virtual platforms, websites, publications, and other digital channels. Additional outreach included media appearances and educational programming focused on budgeting, money management, and consumer financial education.

Program 3
Expenses: $4,173,121 Revenue: $8,711,513

Debt Management Program: Family Credit Management administered debt management plans for consumers seeking structured repayment assistance with unsecured debts. Under these plans, Family Credit...

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Debt Management Program: Family Credit Management administered debt management plans for consumers seeking structured repayment assistance with unsecured debts. Under these plans, Family Credit worked with participating creditors to facilitate repayment through consolidated monthly payments, which may include reduced interest rates or fees when available. Participants also received ongoing counseling, budget reviews, and financial education designed to support sustainable financial habits and long-term financial stability.

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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 (2025)

Revenue Breakdown

Contributions & Grants $773,150
Program Service Revenue $8,711,513
Investment Income $494,233
Other Revenue $77,121
TOTAL REVENUE $10,056,017

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,309,536
Fundraising Expenses $89,889
Program Expenses $6,520,025
Other Expenses $3,860,270
TOTAL EXPENSES $8,169,806

Year-over-Year Comparison

2025 2024 Change
Revenue $10,056,017 $7,901,292 +0.3%
Expenses $8,169,806 $6,237,105 +0.3%
Net Income $1,886,211 $1,664,187 +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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Governance

Voting Members
7
Independent Members
6
Employees
50
Volunteers
6

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
3
$914,233
Total Directors
7
$499,803
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael McAuliffe MS Director & President 60.00
Officer Director
$447,812 $51,991 $499,803
Peyton Mendez Chairman 1.00
Director
$0 $0 $0
Carol Parlin Director 1.00
Director
$0 $0 $0
Ron Ruckert Director 1.00
Director
$0 $0 $0
Lourdes Delgado-Serrano MD MBA Director 1.00
Director
$0 $0 $0
Catherine Klepacki Director 1.00
Director
$0 $0 $0
Robert Wood Director 1.00
Director
$0 $0 $0
Elizabeth Schomburg MS Chief Financial Officer 50.00
Officer
$166,099 $41,006 $207,105
Sarabeth O'Neil MS Senior Vice President 50.00
Officer
$198,321 $9,004 $207,325
Erika Emanuel Information Tech Mgr 50.00
Highest
$138,409 $33,107 $171,516
Alexandria Ingarra Counseling Dept Mgr 50.00
Highest
$103,037 $11,141 $114,178
Christine Thorne Assistant Vice-Pres 50.00
Highest
$156,468 $25,968 $182,436
Traci Walsh Assistant Vice-Pres 50.00
Highest
$150,805 $16,908 $167,713
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
2025 $10,056,017 $8,169,806 $12,114,882 $1,886,211
2024 $7,901,292 $6,237,105 $10,530,471 $1,664,187
2023 $5,937,076 $6,170,974 $8,659,552 $-233,898
2022 $6,001,729 $6,522,802 $7,877,348 $-521,073
2021 $7,733,487 $5,808,223 $9,585,248 $1,925,264
2020 $6,953,404 $5,976,124 $7,802,129 $977,280
2019 $6,648,563 $5,976,072 $6,707,106 $672,491
2018 $6,344,734 $5,369,776 $5,750,943 $974,958
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