CONSOLIDATED CREDIT COUNSELING SERVICES INC

EIN: 650401491 501(c)(3) Human Services

FT LAUDERDALE, FL

Total Revenue
$319,926
Total Expenses
$328,733
Total Assets
$200,961
Net Assets
$190,741
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
FL
Phone
9544843328
Tax Period
2018-07-01 to 2019-06-30

CONSOLIDATED CREDIT COUNSELING SERVICES INC, founded in 1993, is a small nonprofit in the Human Services sector that reported $320K in total revenue in fiscal year 2018. Revenue fell 93% from the prior year — a significant decline worth monitoring.

Mission

CONSOLIDATED CREDIT COUNSELING SERVICES, INC.'S MISSION IS TO ASSIST INDIVIDUALS AND FAMILIES THROUGHOUT THE UNITED STATES IN ENDING FINANCIAL CRISIS, AND SOLVING MONEY MANAGEMENT PROBLEMS THROUGH EDUCATION AND PROFESSIONAL COUNSELING.

Program Service Accomplishments

Program 1
Expenses: $291,424 Revenue: $319,624

CONSUMERS REQUIRING FINANCIAL AND BUDGET COUNSELING MAY COMPLETE A FREE DETAILED COUNSELING SESSION WITH A CERTIFIED CREDIT COUNSELOR. THESE SESSIONS ARE CONDUCTED IN-PERSON, ON THE TELEPHONE OR VIA...

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CONSUMERS REQUIRING FINANCIAL AND BUDGET COUNSELING MAY COMPLETE A FREE DETAILED COUNSELING SESSION WITH A CERTIFIED CREDIT COUNSELOR. THESE SESSIONS ARE CONDUCTED IN-PERSON, ON THE TELEPHONE OR VIA THE INTERNET. DURING THIS SESSION, THE COUNSELOR ASSESSES THE CONSUMER'S FINANCIAL POSITION, COMPLETES A DETAILED BUDGET AND DEVELOPS A CUSTOMIZED ACTION PLAN. THE CONSUMER IS PRESENTED OPTIONS TO HELP RESOLVE THEIR FINANCIAL POSITION. THE ORGANIZATION PROVIDES DEBT MANAGEMENT SERVICES TO CONSUMERS WHO ELECT THIS OPTION AS PART OF THEIR BUDGETARY MANAGEMENT.

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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 (2018)

Revenue Breakdown

Contributions & Grants $30,884
Program Service Revenue $288,740
Investment Income $302
Other Revenue $0
TOTAL REVENUE $319,926

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $291,424
Other Expenses $328,733
TOTAL EXPENSES $328,733

Year-over-Year Comparison

2018 2017 Change
Revenue $319,926 $4,462,756 -0.9%
Expenses $328,733 $4,980,618 -0.9%
Net Income $-8,807 $-517,862 -1.0%
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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Governance

Voting Members
7
Independent Members
7
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
MELANIE DERNIS DIRECTOR 2.00
Director
$0 $0 $0
ANDREW WEISMAN DIRECTOR 2.00
Director
$0 $0 $0
GARY HERMAN PRESIDENT & DIRECTOR 2.00
Officer Director
$0 $0 $0
JONATHAN SHERRY DIRECTOR 2.00
Director
$0 $0 $0
BRIAN HOROWITZ DIRECTOR 2.00
Director
$0 $0 $0
GEORGE ROE DIRECTOR 2.00
Director
$0 $0 $0
RON LIBREA SECRETARY 2.00
Officer
$0 $0 $0
HILTON SHER VP & TREASURER 2.00
Officer
$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 $319,926 $328,733 $200,961 $-8,807
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