Debt Management Credit Counseling Corp (EIN 650923483) - Form 990 Financial Analysis & Trantor Score

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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

1999

Legal Domicile

Principal Officer

Phil Heinemann

Phone

9544158366

Tax Period

2024-01-01 to 2024-12-31

Debt Management Credit Counseling Corp, founded in 1999, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $1.9M exceeded revenue, resulting in a 15% operating deficit.

Mission

PROVISION OF COUNSELING EDUCATION AND DEBT REPAYMENT PLANS TO CONSUMERS. SEE PAGE 2 PART III LINE 1 FOR ORGANIZATIONS MISSION AND PURPOSE

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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 $95,805

Program Service Revenue $1,546,578

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,642,383

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,160,221

Fundraising Expenses $0

Program Expenses $1,521,198

Other Expenses $724,531

TOTAL EXPENSES $1,884,752

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,642,383	$1,828,590	-0.1%
Expenses	$1,884,752	$2,021,848	-0.1%
Net Income	$-242,369	$-193,258	+0.3%

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

Volunteers

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

$185,778

Total Directors

$185,778

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHIL HEINEMANN	PRESIDENT EXEC DIRECTOR	40.00	Officer Director	$158,977	$26,801	$185,778
JOHN ALEMAN	DIRECTOR	0.00	Director	$0	$0	$0
CAROL O'BRIEN	SECRETARY	0.00	Officer Director	$0	$0	$0
WILLIAM KALAF	TREASURER	0.00	Officer 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
2024	$1,642,383	$1,884,752	$237,404	$-242,369
2023	$1,828,590	$2,021,848	$885,350	$-193,258
2022	$1,643,886	$1,913,802	$1,097,063	$-269,916
2021	$1,940,140	$1,899,328	$2,036,555	$40,812
2020	$2,082,626	$2,108,405	$842,713	$-25,779
2019	$2,252,143	$2,190,449	$730,344	$61,694

Debt Management Credit Counseling Corp