CREDIT COUNSELING OF ARKANSAS 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

1995

Legal Domicile

Principal Officer

MARY CATHERINE HARCOURT

Phone

4795218877

Tax Period

2024-07-01 to 2025-06-30

CREDIT COUNSELING OF ARKANSAS INC, founded in 1995, is a small nonprofit in the Human Services sector that reported $618K in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $902K exceeded revenue, resulting in a 46% operating deficit.

Mission

TO IMPROVE THE QUALITY OF LIFE OF INDIVIDUALS AND FAMILIES THROUGH FINANCIAL EDUCATION, CREDIT AND HOUSING COUNSELING, AND MONEY MANAGEMENT SERVICES.

Program Service Accomplishments

Program 1

Expenses: $575,673 Revenue: $290,871

DEBT MANAGEMENT - THE ORGANIZATION WORKS WITH CREDITORS TO CONSOLIDATE DEBT AND ARRANGE BETTER REPAYMENT TERMS. COUNSELING AND EDUCATION - THE ORGANIZATION OFFERS CREDIT REPORT REVIEWS, PRE AND...

DEBT MANAGEMENT - THE ORGANIZATION WORKS WITH CREDITORS TO CONSOLIDATE DEBT AND ARRANGE BETTER REPAYMENT TERMS. COUNSELING AND EDUCATION - THE ORGANIZATION OFFERS CREDIT REPORT REVIEWS, PRE AND POST-DISCHARGE BANKRUPTCY, AND STUDET LOAN COUNSELING AND EDUCATION AS WELL A BUDGETING COUNSELING SERVICES. HOUSING - THE ORGANIZATION OFFERS FREE PRE-HOME PURCHASE AND MORTGAGE DELINQUENCY COUNSELING. REVERSE MORTAGE COUNSELING IS ALSO AVAILABLE FOR SENIOR CITIZENS FOR A FEE. IN ADDITION, THE ORGANIZATION PROVIDES HOUSING AND FORECLOSURE COUNSELING FOR ELIGIBLE INDIVIDUALS UNDER FEE FOR SERVICE CONTRACTS WITH FEDERAL AND STATE AGENCIES.

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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 $262,405

Program Service Revenue $290,871

Investment Income $38,623

Other Revenue $25,910

TOTAL REVENUE $617,809

Expense Breakdown

Grants Paid $0

Salaries & Benefits $666,969

Fundraising Expenses $163,876

Program Expenses $575,673

Other Expenses $235,529

TOTAL EXPENSES $902,498

Year-over-Year Comparison

	2024	2023	Change
Revenue	$617,809	$1,035,446	-0.4%
Expenses	$902,498	$930,826	0.0%
Net Income	$-284,689	$104,620	-3.7%

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

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
CHAD CHANCE	BOARD MEMBER	1.00	Director	$0	$0	$0
MAURICIO HERRERA	SECRETARY	1.00	Officer Director	$0	$0	$0
TOM JENSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
BLAIR JOHANSON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
NANCY LEAKE	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL LEWIS	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE ROBARDS	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
CRAIG SHY	BOARD MEMBER	1.00	Director	$0	$0	$0
KELEY SIMPSON	BOARD MEMBER	1.00	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	$617,809	$902,498	$339,918	$-284,689
2024	$1,035,446	$930,826	$713,687	$104,620
2023	$1,074,075	$890,339	$675,533	$183,736
2020	$1,311,283	$1,056,212	$985,008	$255,071