FIX THE DEBT COALITION INC

EIN: 461321030 Civil Rights & Advocacy

WASHINGTON, DC

Total Revenue
$1,925,150
Total Expenses
$1,061,569
Total Assets
$12,743,128
Net Assets
$12,502,351
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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
2012
Legal Domicile
DE
Principal Officer
MAYA MACGUINEAS
Phone
2025963420
Tax Period
2024-01-01 to 2024-12-31

FIX THE DEBT COALITION INC, founded in 2012, is a community nonprofit in the Civil Rights & Advocacy sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 140% from the prior year, signaling strong growth momentum. The organization ran a surplus of $864K, a strong 45% operating margin.

Mission

TO FURTHER SOCIAL WELFARE PURPOSES THROUGH EDUCATING AMERICANS ON THE IMPORTANCE OF ADDRESSING OUR NATION'S DEBT CHALLENGES AND ADVOCATING FOR RESPONSIBLE APPROACHES TO THIS CRISIS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,505,000
Program Service Revenue $0
Investment Income $420,150
Other Revenue $0
TOTAL REVENUE $1,925,150

Expense Breakdown

Grants Paid $0
Salaries & Benefits $307,848
Fundraising Expenses $2,189
Program Expenses $1,013,509
Other Expenses $753,721
TOTAL EXPENSES $1,061,569

Year-over-Year Comparison

2024 2023 Change
Revenue $1,925,150 $803,315 +1.4%
Expenses $1,061,569 $228,386 +3.6%
Net Income $863,581 $574,929 +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
5
Employees
N/A
Volunteers
5

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
$798,688
Total Directors
5
$0
Key Employees
2
$544,843
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIMOTHY PENNY SECRETARY, DIRECTOR 1.00
Officer Director
$0 $0 $0
TOM TAUKE TREASURER, DIRECTOR 1.00
Officer Director
$0 $0 $0
DAVE MCCURDY DIRECTOR 1.00
Director
$0 $0 $0
RUDY PENNER DIRECTOR 1.00
Director
$0 $0 $0
ED RENDELL DIRECTOR 1.00
Director
$0 $0 $0
MAYA MACGUINEAS PRESIDENT 1.80
Officer
$0 $57,116 $798,688
MARC L GOLDWEIN SVP AND SENIOR POLICY DIRECTOR 1.80
Key Emp
$0 $43,651 $301,412
MICHAEL V MURPHY SVP AND CHIEF OF STAFF 7.80
Key Emp
$0 $32,371 $243,431
SIMONE G FRANK SENIOR ADVISOR, FINANCE 0.80
Highest
$0 $54,911 $286,068
ADAM SHIFRISS SR. DIR. LEGISLATIVE STRATEGIST 3.30
Highest
$0 $32,506 $194,277
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 $1,925,150 $1,061,569 $12,743,128 $863,581
2023 $803,315 $228,386 $11,502,236 $574,929
2022 $170,716 $17,525 $10,817,446 $153,191
2021 $115,161 $19,157 $10,677,850 $96,004
2020 $202,857 $30,552 $10,568,268 $172,305
2019 $233,592 $30,481 $10,395,719 $203,111
2018 $181,238 $29,422 $10,192,636 $151,816
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