CONSOLIDATED CREDIT SOLUTIONS 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

1983

Legal Domicile

Principal Officer

IVAN REZVOY

Phone

9543779635

Tax Period

2024-02-01 to 2025-01-31

CONSOLIDATED CREDIT SOLUTIONS INC, founded in 1983, is a mid-sized nonprofit that reported $22.2M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

TO ASSIST INDIVIDUALS WHO ARE EXPERIENCING FINANCIAL DIFFICULTIES THROUGH PROFESSIONAL COUNSELING AND FINANCIAL EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $666,778 Revenue: $850,179

CONSOLIDATED CREDIT SOLUTIONS OFFERS LOSS MITIGATION AND FORECLOSURE PREVENTION COUNSELING, 1ST TIME HOMEBUYER EDUCATION, A SUBSTANTIAL FINANCIAL LITERACY PROGRAM, CREDIT COUNSELING, AND REVERSE...

CONSOLIDATED CREDIT SOLUTIONS OFFERS LOSS MITIGATION AND FORECLOSURE PREVENTION COUNSELING, 1ST TIME HOMEBUYER EDUCATION, A SUBSTANTIAL FINANCIAL LITERACY PROGRAM, CREDIT COUNSELING, AND REVERSE MORTGAGE COUNSELING. CONSOLIDATED CREDIT SOLUTIONS IS COMMITTED TO BRINGING FINANCIAL EDUCATION PROGRAMS TO INDIVIDUALS AND FAMILIES WITH A FOCUS ON HOUSEHOLDS IN LOW, LOW-TO-MODERATE AND MODERATE INCOME CENSUS TRACKS. TO ACCOMPLISH THIS, CONSOLIDATED CREDIT SOLUTIONS PROVIDES FREE, MONTHLY COMMUNITY SEMINARS AND WEBINARS ON TOPICS INCLUDING BUDGETING, CREDIT MANAGEMENT, PRE-PURCHASE COUNSELING, FORECLOSURE PREVENTION, AND REVERSE MORTGAGES.SEE ATTACHED STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS.

Program 2

Expenses: $18,999,404 Revenue: $21,120,955

DEBT AND BUDGET COUNSELING SERVICES ARE PROVIDED TO INDIVIDUALS EXPERIENCING FINANCIAL DIFFICULTIES. A CERTIFIED CREDIT COUNSELOR HELPS TO ASSESS THE FINANCIAL SITUATION OF THE CONSUMER, DEVELOP A...

DEBT AND BUDGET COUNSELING SERVICES ARE PROVIDED TO INDIVIDUALS EXPERIENCING FINANCIAL DIFFICULTIES. A CERTIFIED CREDIT COUNSELOR HELPS TO ASSESS THE FINANCIAL SITUATION OF THE CONSUMER, DEVELOP A DETAILED HOUSEHOLD BUDGET AND ACTION PLAN. THESE COUNSELING SESSIONS ARE PROVIDED IN PERSON, BY TELEPHONE OR THROUGH THE INTERNET. ADDITIONALLY, ALL CONSUMERS ARE OFFERED FINANCIAL EDUCATION TAILORED TO THEIR LIFE SITUATIONS. WHERE APPLICABLE, SOME CONSUMERS CHOOSE A DEBT MANAGEMENT PLAN (DMP) TO ASSIST WITH THEIR UNSECURED DEBTS. UNDER A DMP, THE CONSUMER MAKES A MONTHLY PAYMENT TO CONSOLIDATED CREDIT SOLUTIONS WHICH IN TURN PAY THE UNSECURED DEBT COVERED UNDER THE PROGRAM.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,921,578

Program Service Revenue $18,964,455

Investment Income $50,922

Other Revenue $237,964

TOTAL REVENUE $22,174,919

Expense Breakdown

Grants Paid $41,760

Salaries & Benefits $6,922,418

Fundraising Expenses $0

Program Expenses $19,666,182

Other Expenses $15,269,898

TOTAL EXPENSES $22,234,076

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,174,919	$20,049,570	+0.1%
Expenses	$22,234,076	$20,020,255	+0.1%
Net Income	$-59,157	$29,315	-3.0%

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

Employees

146

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

$751,860

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY NEEDLE	DIRECTOR	0.50	Director	$0	$0	$0
STEVEN FISCHER	DIRECTOR	0.50	Director	$0	$0	$0
MOREY GOLDBERG	DIRECTOR	0.50	Director	$0	$0	$0
MERCEDES PEREZ	DIRECTOR	0.50	Director	$0	$0	$0
EVAN LASHER	OFFICER	40.00	Officer	$41,338	$846	$42,184
ROMEO LIBREA	OFFICER	40.00	Officer	$151,987	$12,331	$164,318
GARY HERMAN	OFFICER	40.00	Officer	$331,177	$42,181	$373,358
IVAN REZVOY	OFFICER	40.00	Officer	$170,692	$1,308	$172,000
KERRYLL MALCOLM	EMPLOYEE	40.00	Highest	$156,055	$4,541	$160,596
ALAN NEWMAN	EMPLOYEE	40.00	Highest	$154,393	$3,238	$157,631
JOHN CROSBIE	EMPLOYEE	40.00	Highest	$132,350	$4,070	$136,420
APRIL ST MICHAEL IRELAND	EMPLOYEE	40.00	Highest	$125,018	$1,959	$126,977
SAMUEL ANDRES CASTRO	EMPLOYEE	40.00	Highest	$119,149	$3,706	$122,855

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	$22,174,919	$22,234,076	$6,045,783	$-59,157
2024	$20,049,570	$20,020,255	$5,899,023	$29,315
2023	$19,512,620	$19,499,569	$6,614,644	$13,051
2022	$25,542,435	$25,413,640	$8,529,221	$128,795
2021	$27,835,136	$27,881,618	$9,605,673	$-46,482