CRICKET DEBT COUNSELING INC

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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

2005

Legal Domicile

Principal Officer

JOHN PETSHOW

Phone

5033530400

Tax Period

2023-01-01 to 2023-12-31

CRICKET DEBT COUNSELING INC, founded in 2005, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2023. Expenses of $1.4M exceeded revenue, resulting in a 34% operating deficit.

Mission

SEE STATEMENT OTHE MISSION OF CRICKET DEBT COUNSELING, INC, A TAX-EXEMPT NONPROFIT CORPORATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, IS TO PROVIDE THE BUDGET AND CREDIT COUNSELING INDIVIDUALS MUST RECEIVE BEFORE FILING BANKRUPTCY AND TO PROMOTE FINANCIAL LITERACY. IN GENERAL AS A MEANS OF RESTORING PERSONAL RESPONSIBILITY AND INTEGRITY IN THE BANKRUPTCY SYSTEM.

Program Service Accomplishments

Program 1

Expenses: $627,160 Revenue: $1,075,582

'CRICKET DEBT COUNSELING, INC. ("CRICKET") HAS BEEN APPROVED BY THE U.S. TRUSTEES OFFICE TO ISSUE CERTIFICATES IN COMPLIANCE WITH THE BANKRUPTCY CODE. CRICKET HAS BEEN APPROVED IN ALL JURISDICTIONS. AS ONE OF THE LARGEST APPROVED PROVIDERS OF PRE-BANKRUPTCY BUDGET AND CREDIT EDUCATION IN THE UNITED STATES. CRICKET PROVIDED CERTIFICATES FOR 51,356 CLIENTS IN 2023.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,075,582

Investment Income $48,154

Other Revenue $-59,811

TOTAL REVENUE $1,063,925

Expense Breakdown

Grants Paid $0

Salaries & Benefits $903,795

Fundraising Expenses $0

Program Expenses $627,160

Other Expenses $523,812

TOTAL EXPENSES $1,427,607

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,063,925	$1,102,019	0.0%
Expenses	$1,427,607	$1,406,321	+0.0%
Net Income	$-363,682	$-304,302	+0.2%

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

N/A

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

$273,041

Total Directors

$73,409

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN PETSHOW	PRESIDENT	10.00	Officer Director	$0	$0	$31,000
JAMES SUNDERLAND	BOARD MEMBER	1.00	Director	$0	$0	$1,000
MARK HELLWEG	BOARD MEMBER	1.00	Director	$0	$0	$1,375
BECKY JO PAS	TREASURER	1.00	Officer Director	$0	$0	$36,909
AUDREY SPURLIN	BOARD MEMBER	1.00	Director	$0	$0	$750
CALEB COX	BOARD MEMBER	1.00	Director	$0	$250	$1,250
WM SOMMERFELD	BOARD MEMBER	1.00	Director	$0	$0	$1,125
BRIAN SUNDERLAND	EXECUTIVE DIR	40.00	Officer	$183,352	$21,780	$205,132
LANCE BRECHBILL	DIRECTOR OF OPERATIONS	40.00	Highest	$157,164	$4,498	$161,662

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	$1,063,925	$1,427,607	$3,186,755	$-363,682
2022	$1,102,019	$1,406,321	$3,459,684	$-304,302
2021	$1,652,866	$1,551,638	$3,870,920	$101,228
2020	$1,254,709	$1,777,820	$4,134,406	$-523,111
2019	$1,936,410	$1,850,583	$4,255,174	$85,827
2018	$1,673,557	$1,883,062	$4,164,060	$-209,505