CONSUMER CREDIT OF MINNESOTA

EIN: 453838047 501(c)(3) Human Services

ST LOUIS PARK, MN

Total Revenue
$155,629
Total Expenses
$137,388
Total Assets
$199,098
Net Assets
$195,213
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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
2011
Legal Domicile
MN
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

TO HELP PEOPLE WHO ARE IN FINANCIAL TROUBLE SOLVE THEIR DEBT PROBLEMS

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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 (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
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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
5
Independent Members
3
Employees
3
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
3
$16,500
Total Directors
5
$16,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAYEANN HOFFMAN Sec/TREASURER 26.00
Officer Director
$16,500 $0 $16,500
JIM RHODES Chairman 1.00
Officer Director
$0 $0 $0
JOHN HOFFMAN VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
DICK FISHER Director 1.00
Director
$0 $0 $0
JOAN MOLENAAR 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
2019 $155,629 $137,388 $199,098 $18,241
2018 $149,698 $115,864 $181,430 $33,834
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