CENTER FOR CONSUMER RECOVERY INC

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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

2014

Legal Domicile

Principal Officer

Bruce E Thompson Jr

Phone

8777720951

Tax Period

2023-01-01 to 2023-12-31

CENTER FOR CONSUMER RECOVERY INC, founded in 2014, is a small nonprofit in the Human Services sector that reported $197K in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring.

Mission

Center for Consumer Recovery, Inc. is committed to helping people resolve delinquent debt problems, reduce their financial stress and improve family stability. Stable families will foster better health outcomes and educational achievement for children.

Program Service Accomplishments

Program 1

Expenses: $100,606

Center for Consumer Recovery, Inc. is committed to helping people resolve delinquent debt problems, reduce their financial stress and improve family 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $97,165

Program Service Revenue $99,384

Investment Income $0

Other Revenue $0

TOTAL REVENUE $196,549

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $17,102

Program Expenses $100,606

Other Expenses $201,391

TOTAL EXPENSES $208,891

Year-over-Year Comparison

	2023	2022	Change
Revenue	$196,549	$388,592	-0.5%
Expenses	$208,891	$309,293	-0.3%
Net Income	$-12,342	$79,299	-1.2%

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

Governance

Voting Members

Independent Members

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bruce E Thompson Jr	Executive Director	10.00	Director	$0	$0	$0
Brad Henry	Director	0.00	Director	$0	$0	$0
Andrew L Stern	Director	0.00	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
2023	$196,549	$208,891	$564,820	$-12,342
2022	$388,592	$309,293	$459,973	$79,299