AMERICAN CREDIT FOUNDATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1999

Legal Domicile

Principal Officer

SCOTT PETERSON

Phone

8012081000

Tax Period

2022-01-01 to 2022-12-31

AMERICAN CREDIT FOUNDATION, founded in 1999, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2022. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $2.2M exceeded revenue, resulting in a 27% operating deficit.

Mission

THE PURPOSE OF THIS ORGANIZATION IS TO PROVIDE FREE CREDIT COUNSELING TO THE GENERAL PUBLIC. DIRECT CONSULTATIONS WITH TRAINED STAFF, PROGRAM IMPLEMENTATION AND SEMINARS HAVE BEEN EXTREMELY SUCCESSFUL.

Program Service Accomplishments

Program 1

Expenses: $2,097,868 Revenue: $1,097,507

THE PURPOSE OF THIS ORGANIZATION IS TO PROVIDE FREE CREDIT COUNSELING TO THE GENERAL PUBLIC. THIS HAS BEEN SUCCESSFUL IN THE TAX YEAR 2013. OUR EXPERIENCED, TRAINED STAFF HAVE THROUGH DIRECT...

THE PURPOSE OF THIS ORGANIZATION IS TO PROVIDE FREE CREDIT COUNSELING TO THE GENERAL PUBLIC. THIS HAS BEEN SUCCESSFUL IN THE TAX YEAR 2013. OUR EXPERIENCED, TRAINED STAFF HAVE THROUGH DIRECT CONSULTATIONS BEEN ABLE TO HELP OUR CLIENTS, FROM ALL WALKS OF LIFE, TO CREATE DEBT MANAGEMENT PROGRAMS AND MAINTAIN THAT PROGRAM FOR LONGER THAN A YEAR. THIS IS A LARGE ACCOMPLISHMENT BECAUSE MOST CLIENTS CANNOT MAINTAIN THEIR PROGRAM FOR A YEAR. WE CREDIT OUR HIGH RETENTION NUMBERS TO THE ONE ON ONE TRAINED CREDIT COUNSELORS WHO FOLLOW UP ON A REGULAR BASIS WITH THEIR ASSIGNED CLIENT. WE HAVE ALSO BEEN SUCCESSFUL WITH OUR FREE SEMINARS THAT REACH OUT TO THE GENERAL PUBLIC. WE HAVE USED BOTH OUR IN HOUSE FACILITY AND OUR OUT OF THE OFFICE. IN THESE SEMINARS WE USE TRAINED STAFF TO TEACH DEBT MANAGEMENT, HOW TO GET OUT AND STAY OUT OF DEBT, HOW TO USE MONEY WISELY IN THESE TOUGH ECONOMIC CONDITIONS. THESE SEMINARS HAVE BEEN WELL ATTENDED AND WE HAVE RECEIVED POSITIVE FEEDBACK FROM THOSE ATTENDING THE SEMINARS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $673,540

Program Service Revenue $1,097,507

Investment Income $5

Other Revenue $0

TOTAL REVENUE $1,771,052

Expense Breakdown

Grants Paid $21,500

Salaries & Benefits $521,514

Fundraising Expenses $0

Program Expenses $2,119,368

Other Expenses $1,700,019

TOTAL EXPENSES $2,243,033

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,771,052	$2,274,444	-0.2%
Expenses	$2,243,033	$1,996,202	+0.1%
Net Income	$-471,981	$278,242	-2.7%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$42,908

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN C KELLER	MANAGER	N/A	Highest	$105,969	$0	$105,969
SCOTT PETERSON	PRESIDENT	40.00	Officer	$42,908	$0	$42,908
MIKE CARPENTER	DIRECTOR	N/A	Director	$0	$0	$0
RICHARD FOWLKS	DIRECTOR	N/A	Director	$0	$0	$0
CURTIS JONES	DIRECTOR	N/A	Director	$0	$0	$0
DANIEL WEEKS	DIRECTOR	N/A	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
2022	$1,771,052	$2,243,033	No data	$-471,981
2021	$2,269,508	$2,268,704	$396,369	$804
2021	$2,274,444	$1,996,202	$673,807	$278,242
2020	$2,901,679	$2,897,007	$354,872	$4,672
2020	$2,904,287	$2,800,344	$454,143	$103,943
2019	$2,609,887	$2,608,624	$377,972	$1,263
2018	$2,418,129	$2,400,423	$459,161	$17,706