DELRAY CREDIT COUNSELING CORP

EIN: 364516420 501(c)(3) Human Services

LAKE WORTH, FL

Total Revenue
$31,641
Total Expenses
$16,447
Total Assets
N/A
Net Assets
$-73,443
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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
2002
Legal Domicile
FL
Principal Officer
THOMAS P EICHAS
Phone
5612799110
Tax Period
2020-12-01 to 2021-11-30

DELRAY CREDIT COUNSELING CORP, founded in 2002, is a micro nonprofit in the Human Services sector that reported $32K in total revenue in fiscal year 2020. Revenue surged 92% from the prior year, signaling strong growth momentum. The organization ran a surplus of $15K, a strong 48% operating margin.

Mission

TO PROVIDE SUPPORT SERVICES TO OTHER 501(C)(3) ORGANIZATIONS THAT EDUCATE AND COUNSEL INDIVIDUALS TO UNDERSTAND AND ELIMINATE PERSONAL DEBT.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $31,641
Investment Income $0
Other Revenue $0
TOTAL REVENUE $31,641

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $15,131
Other Expenses $16,447
TOTAL EXPENSES $16,447

Year-over-Year Comparison

2020 2019 Change
Revenue $31,641 $16,513 +0.9%
Expenses $16,447 $47,664 -0.7%
Net Income $15,194 $-31,151 -1.5%
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

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Governance

Voting Members
4
Independent Members
2
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS P EICHAS PRESIDENT N/A
Officer
$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
2021 $31,641 $16,447 No data $15,194
2020 $16,513 $47,664 $13 $-31,151
2019 $414,612 $454,822 $22,288 $-40,210
2018 $627,098 $677,323 $128,155 $-50,225
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