Washington, DC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Consumer Debt Relief Initiative, founded in 2020, is a small nonprofit that reported $501K in total revenue in fiscal year 2024. Revenue fell 80% from the prior year — a significant decline worth monitoring. Expenses of $930K exceeded revenue, resulting in a 85% operating deficit.
The Consumer Debt Relief Initiative (CDRI) is dedicated to the protection and promotion of the debt settlement industry. We serve our members through educational development opportunities and advocacy before lawmakers, regulators and the public. CDRI is committed to advancing the highest consumer protection standards to ensure that debt-distressed consumers have access to safe and transparent solutions to achieve financial stability.
The Consumer Debt Relief Initiative (CDRI) is dedicated to the protection and promotion of the debt settlement industry. We serve our members through educational development opportunities and...
The Consumer Debt Relief Initiative (CDRI) is dedicated to the protection and promotion of the debt settlement industry. We serve our members through educational development opportunities and advocacy before lawmakers, regulators and the public. CDRI is committed to advancing the highest consumer protection standards to ensure that debt-distressed consumers have access to safe and transparent solutions to achieve financial stability.
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Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $501,250 | $2,489,464 | -0.8% |
| Expenses | $929,520 | $2,127,976 | -0.6% |
| Net Income | $-428,270 | $361,488 | -2.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Michael Barsoum | Vice President | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Camilo Concha | Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Michael Hohos | Secretary | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Rob Merrick | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Angelo Anzalone | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Kris Kehler | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Corey Butcher | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Cliff Andrews | CEO | 30.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $501,250 | $929,520 | No data | $-428,270 |
| 2024 | $2,489,464 | $2,127,976 | $748,689 | $361,488 |
| 2023 | $1,216,135 | $991,461 | $372,201 | $224,674 |
Compare Consumer Debt Relief Initiative with other nonprofits in District of Columbia and across the country.