AMERICAN CREDIT FOUNDATION (EIN 870628487) - Form 990 Financial Analysis & Trantor Score

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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

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.

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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 (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

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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

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

AMERICAN CREDIT FOUNDATION