CREDIT ABUSE RESISTANCE EDUCATION

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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

2015

Legal Domicile

Principal Officer

TAMMY HETTINGER

Phone

7038945981

Tax Period

2021-01-01 to 2021-12-31

CREDIT ABUSE RESISTANCE EDUCATION, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $208K in total revenue in fiscal year 2021. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $320K exceeded revenue, resulting in a 54% operating deficit.

Mission

CARE'S MISSION IS TO EDUCATE INDIVIDUALS, WITH A FOCUS ON YOUNG ADULTS, ON RESPONSIBLE USE OF CREDIT AND THE FUNDAMENTALS OF FINANCIAL LITERACY, AS WELL AS THE POTENTIAL CONSEQUENCES OF POOR MONEY MANAGEMENT AND CREDIT ABUSE.

Program Service Accomplishments

Program 1

Expenses: $173,516

CARE IS A FREE FINANCIAL LITERACY INITIATIVE THAT MAKES EXPERIENCED MEMBERS OF THE BANKRUPTCY AND BUSINESS COMMUNITY AVAILABLE TO MAKE PRESENTATIONS ON BASIC FINANCIAL MANAGEMENT SKILLS TO HIGH...

CARE IS A FREE FINANCIAL LITERACY INITIATIVE THAT MAKES EXPERIENCED MEMBERS OF THE BANKRUPTCY AND BUSINESS COMMUNITY AVAILABLE TO MAKE PRESENTATIONS ON BASIC FINANCIAL MANAGEMENT SKILLS TO HIGH SCHOOLS, COLLEGES AND OTHER GROUPS. THEY ARE MADE DURING INDIVIDUAL CLASSROOM PERIODS OR TO LARGER STUDENT GROUPS SUCH AS STUDENT ASSEMBLIES, EITHER IN PERSON OR VIRTUALLY. CARE'S PRIMARY TARGET IS HIGH SCHOOL SENIORS AND COLLEGE FRESHMAN THAT ARE MOST AT RISK BECAUSE THEY ARE DRIVEN BY HIGH COLLEGE COSTS TO INCUR UNSUSTAINABLE STUDENT LOAN DEBT AND MARKETED BY THE CREDIT CARD INDUSTRY AT A TIME WHEN THEY CARRY A VERY LOW FINANCIAL I.Q.

Program 2

Expenses: $17,546

DEVELOPMENT OF EDUCATIONAL MATERIALS ABOUT FINANCIAL LITERACY TO BE DISTRIBUTED TO THE PUBLIC.

Program 3

Expenses: $3,900

DEVELOPING AND PROVIDING FINANCIAL LITERACY EDUCATION THROUGH WEBSITE.

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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 (2021)

Revenue Breakdown

Contributions & Grants $208,089

Program Service Revenue $0

Investment Income $30

Other Revenue $0

TOTAL REVENUE $208,119

Expense Breakdown

Grants Paid $0

Salaries & Benefits $195,825

Fundraising Expenses $77,575

Program Expenses $194,962

Other Expenses $124,551

TOTAL EXPENSES $320,376

Year-over-Year Comparison

	2021	2020	Change
Revenue	$208,119	$149,023	+0.4%
Expenses	$320,376	$306,069	+0.0%
Net Income	$-112,257	$-157,046	-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

215

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

$184,539

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN FISHER	CHAIR	3.00	Officer Director	$0	$0	$0
PATRICK CLISHAM	SECRETARY	3.00	Officer Director	$0	$0	$0
TED KING	TREASURER	3.00	Officer Director	$0	$0	$0
WILLIAM BARRETT	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID BIRD	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER MERCER	BOARD MEMBER	1.00	Director	$0	$0	$0
VICTOR OWENS	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFREY POMERANTZ	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY QUAKENBOSS	BOARD MEMBER	1.00	Director	$0	$0	$0
MINDI SCHOOLS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH SCHORER	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREA COBERY	BOARD MEMBER (UNTIL 07/2021)	1.00	Director	$0	$0	$0
JANE DOWNEY	BOARD MEMBER (FROM 07/2021)	1.00	Director	$0	$0	$0
DOUG FOLEY	BOARD MEMBER (FROM 04/2021)	1.00	Director	$0	$0	$0
DANA KANE	BOARD MEMBER (FROM 07/2021)	1.00	Director	$0	$0	$0
SHARON KOPMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK MCELROY	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL SABELLA	BOARD MEMBER	1.00	Director	$0	$0	$0
TAMMY HETTINGER	EXECUTIVE DIRECTOR	40.00	Officer	$168,962	$15,577	$184,539

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
2021	$208,119	$320,376	$328,014	$-112,257
2020	$149,023	$306,069	$455,124	$-157,046
2019	$641,454	$281,206	$574,052	$360,248
2018	$86,089	$313,519	$212,860	$-227,430