CONSUMER CREDIT OF MINNESOTA

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2011

Legal Domicile

Principal Officer

JIM RHODES

Phone

9525446800

Tax Period

2019-01-01 to 2019-12-31

CONSUMER CREDIT OF MINNESOTA, founded in 2011, is a small nonprofit in the Human Services sector that reported $156K in total revenue in fiscal year 2019. Expenses of $137K left a modest 12% surplus.

Mission

CONSUMER CREDIT OF MINNESOTA IS COMMITTED TO HELPING OUR CLIENTS BY UNDERSTANDING THEIR SITUATION & MAKING RECOMMENDATIONS THAT WILL HELP THEM ACHIEVE THEIR BUDGET & DEBT REPAYMENT GOALS. WE STRIVE TO MAINTAIN TRAINING & QUALITY SYSTEMS THAT WILL ALLOW OUR COUNSELORS & CLIENT SERVICE TEAM TO PROVIDE A POSITIVE EXPERIENCE FOR OUR CLIENTS. WE COMMIT TO CONTINUALLY IMPROVE OUR QUALITY SYSTEM. WE ALSO PROVIDE RELEVANT, PRACTICAL BUDGET/DEBT/CREDIT EDUCATION TO CHURCHES, SCHOOLS, EMPLOYERS & OTHER COMMUNITY GROUPS.

Program Service Accomplishments

Program 1

Expenses: $110,055 Revenue: $150,653

DEBT MANAGEMENT PLANS: In 2019 we counseled 212 clients. All clients received budget & credit counseling. Out of the 212 clients counseled, we set up 56 debt management plans for clients to pay...

DEBT MANAGEMENT PLANS: In 2019 we counseled 212 clients. All clients received budget & credit counseling. Out of the 212 clients counseled, we set up 56 debt management plans for clients to pay unsecured debts back to creditors through our program. In return the creditors will reduce interest rates & monthly payments for the client.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $4,850

Program Service Revenue $150,653

Investment Income $109

Other Revenue $17

TOTAL REVENUE $155,629

Expense Breakdown

Grants Paid $0

Salaries & Benefits $46,637

Fundraising Expenses $0

Program Expenses $110,055

Other Expenses $90,751

TOTAL EXPENSES $137,388

Year-over-Year Comparison

	2019	2018	Change
Revenue	$155,629	$149,698	+0.0%
Expenses	$137,388	$115,864	+0.2%
Net Income	$18,241	$33,834	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$16,500

Total Directors