American Association of Consumer Credit Professionals Inc

EIN: 841839113 Public Safety

Washington, DC

Total Revenue
$889,956
Total Expenses
$627,596
Total Assets
$615,981
Net Assets
$595,575
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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
DC
Phone
8019945091
Tax Period
2023-01-01 to 2023-12-31

American Association of Consumer Credit Professionals Inc, founded in 2019, is a small nonprofit in the Public Safety sector that reported $890K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $262K, a strong 29% operating margin.

Mission

TO ADVANCE ITS MEMBERS' COMMON BUSINESS INTEREST IN THE CONSUMER CREDIT INDUSTRY, INCLUDING BY PROMOTING A SUSTAINABLE CREDIT REPAIR BUSINESS MARKETPLACE AND A FAIR CREDIT REPORTING SYSTEM.

Program Service Accomplishments

Program 1

DEVELOP RESEARCH, EDUCATIONAL, AND ADVOCACY MATERIALS FOR LEGISLATORS, REGULATORS, THE MEMBERS, AND THE PUBLIC ON INDUSTRY SUBJECTS, INCLUDING BUT NOT LIMITED TO: (1) THE ESSENTIAL ROLE OF THE...

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DEVELOP RESEARCH, EDUCATIONAL, AND ADVOCACY MATERIALS FOR LEGISLATORS, REGULATORS, THE MEMBERS, AND THE PUBLIC ON INDUSTRY SUBJECTS, INCLUDING BUT NOT LIMITED TO: (1) THE ESSENTIAL ROLE OF THE CONSUMER CREDIT REPAIR INDUSTRY IN THE FINANCIAL AND SOCIAL FABRIC OF AMERICA, (2) THE FINANCIAL AND SOCIAL IMPACT OF CREDIT SCORES AND ACCESS TO CREDIT (3) THE EFFECT ON THE CONSUMER CREDIT INDUSTRY AND ITS CUSTOMERS OF CURRENT AND PROPOSED POLICY POSITIONS, LAWS, REGULATIONS, AND RULES, (4) INDUSTRY BILLING AND FEE PRACTICES THAT ARE FAIR TO BOTH THE BUSINESSES THAT PROVIDE CONSUMER CREDIT REPAIR SERVICES AND THE CONSUMERS OF THOSE SERVICES; AND (5) THE INTEGRITY OF THE CONSUMER CREDIT INDUSTRY.

Program 2

DEVELOP PUBLIC RELATIONS CONTENT AND MULTI-MEDIA PLATFORMS, INCLUDING INTERNET AND SOCIAL MEDIA PLATFORMS, TO CREATE EXPOSURE AND INCREASE SUPPORT FOR THE ORGANIZATION'S RESEARCH AND EDUCATION...

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DEVELOP PUBLIC RELATIONS CONTENT AND MULTI-MEDIA PLATFORMS, INCLUDING INTERNET AND SOCIAL MEDIA PLATFORMS, TO CREATE EXPOSURE AND INCREASE SUPPORT FOR THE ORGANIZATION'S RESEARCH AND EDUCATION ACTIVITIES, ADVOCACY INITIATIVES, AND POSITIONS TO ADDRESS AND IMPROVE BUSINESS CONDITIONS IN THE CONSUMER CREDIT INDUSTRY.

Program 3

ADVOCATE FOR THE MEMBERS' COMMON BUSINESS INTERESTS THROUGH ORAL AND WRITTEN LOBBYING AND NON-LOBBYING COMMUNICATIONS TO, AND MEETINGS WITH, LEGISLATORS, REGULATORS, OTHER POLICY MAKERS, AND THEIR...

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ADVOCATE FOR THE MEMBERS' COMMON BUSINESS INTERESTS THROUGH ORAL AND WRITTEN LOBBYING AND NON-LOBBYING COMMUNICATIONS TO, AND MEETINGS WITH, LEGISLATORS, REGULATORS, OTHER POLICY MAKERS, AND THEIR RESPECTIVE REPRESENTATIVES REGARDING THE BUSINESS NEEDS AND INTERESTS OF THE CONSUMER CREDIT INDUSTRY. SUBMIT COMMENTS AND OTHER FEEDBACK TO THOSE PARTIES ON CURRENT AND FUTURE POLICY POSITIONS, LAWS, REGULATIONS, AND RULES. CREATE, UPDATE AND MAINTAIN STANDARDS OF CONDUCT FOR THE INDUSTRY. ENGAGE WITH MEMBER AND OTHERS IN THE INDUSTRY TO LEARN THEIR NEEDS AND EDUCATE THEM ON THE ORGANIZATION'S WORK. SUBMIT COMMENTS AND OTHER FEEDBACK TO THOSE PARTIES ON CURRENT AND FUTURE POLICY POSITIONS, LAWS, REGULATIONS, AND RULES, INCLUDING DEVELOPMENT OF BILL TEXT TO CORRECT A LOOPHOLE IN THE FEDERAL FAIR CREDIT REPORT ACT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $888,880
Investment Income $939
Other Revenue $137
TOTAL REVENUE $889,956

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $627,596
TOTAL EXPENSES $627,596

Year-over-Year Comparison

2023 2022 Change
Revenue $889,956 $1,132,741 -0.2%
Expenses $627,596 $973,643 -0.4%
Net Income $262,360 $159,098 +0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
7

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
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Director And Secretary/Treasurer 10.0
Officer Director
$0 $0 $0
N/A President 2.0
Officer Director
$0 $0 $0
N/A Vice President 2.0
Officer Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Executive Director 20.0
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
2024 No data No data No data No data
2023 $889,956 $627,596 $615,981 $262,360
2022 $1,132,741 $973,643 $333,215 $159,098
2021 $1,101,008 $1,199,966 $174,117 $-98,958
2020 $764,236 $491,161 $273,075 $273,075
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