THE INSTITUTE OF CONSUMER MONEY

EIN: 471524248 501(c)(3) Public & Societal Benefit

RALEIGH, NC

Total Revenue
$1,914,548
Total Expenses
$1,160,610
Total Assets
$5,433,271
Net Assets
$5,432,688
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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
NC
Principal Officer
DR DIANE CHEN
Phone
8556723539
Tax Period
2024-07-01 to 2025-06-30

THE INSTITUTE OF CONSUMER MONEY, founded in 2014, is a community nonprofit in the Public & Societal Benefit sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 332% from the prior year, signaling strong growth momentum. The organization ran a surplus of $754K, a strong 39% operating margin.

Mission

OUR MISSION IS TO CREATE A SUSTAINABLE FINANCIAL FUTURE FOR CONSUMERS. WE PROVIDE FUNDING FOR THE CONDUCTING OF RESEARCH AND STUDIES THAT PROMOTE POSITIVE SPENDING BEHAVIORS AND CONSUMER ASSET BUILDING. WE ARE COMMITTED TO PROMOTING FINANCIAL LITERACY IN OUR COMMUNITY AND ACROSS THE UNITED STATES.

Program Service Accomplishments

Program 1
Expenses: $1,160,610

PROVIDE FUNDING FOR THE CONDUCTING OF RESEARCH AND STUDIES THAT PROMOTE POSITIVE SPENDING BEHAVIORS AND CONSUMER ASSET BUILDING.

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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 $1,650,000
Program Service Revenue $0
Investment Income $251,200
Other Revenue $13,348
TOTAL REVENUE $1,914,548

Expense Breakdown

Grants Paid $799,232
Salaries & Benefits $306,399
Fundraising Expenses $0
Program Expenses $1,160,610
Other Expenses $54,979
TOTAL EXPENSES $1,160,610

Year-over-Year Comparison

2024 2023 Change
Revenue $1,914,548 $443,234 +3.3%
Expenses $1,160,610 $834,898 +0.4%
Net Income $753,938 $-391,664 -2.9%
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
6
Independent Members
6
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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR DIANE CHEN EXECUTIVE DIRECTOR 25.00
Officer Director
$0 $0 $0
MONICA SMILEY CHAIRMAN/PRESIDENT 2.00
Officer Director
$0 $0 $0
DR TARA KENYON BOARD DIRECTOR 2.00
Director
$0 $0 $0
LEE TATE TREASURER 2.00
Officer Director
$0 $0 $0
DR JEFFREY LEITER BOARD DIRECTOR 2.00
Director
$0 $0 $0
ERIN KRUPA BOARD DIRECTOR 2.00
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
2025 $1,914,548 $1,160,610 $5,433,271 $753,938
2024 $443,234 $834,898 $4,380,934 $-391,664
2023 $414,692 $970,697 $4,397,839 $-556,005
2022 $402,926 $995,847 $4,625,316 $-592,921
2021 $352,976 $1,893,362 $6,179,188 $-1,540,386
2020 $143,516 $640,282 $7,211,834 $-496,766
2019 $334,419 $326,057 $7,614,745 $8,362
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