American Debt Resources Inc
Nonprofit profile at a glance
- EIN
- 113603198
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024
- Location
- Melville, NY, USA
- Phone
- 6312089005
- Rating
- 58
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Financial Counseling
Reported finances
- Revenue
- $536,414
- Expenses
- $534,861
- Assets
- $437,520
- Liabilities
- $108,402
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- CHRISTIAN MORIARTY (President)
- WILLIAM DELIBERTI (Vice President)
Highest reported compensation
- CHRISTIAN MORIARTY (President): $129,019 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To assist individuals who are experiencing financial difficulties through professional credit and housing counseling services.
What it reported doing in 2024
The organization successfully counsels and eliminates the need for debt consolidation and bankruptcy through budget planning.
Operating model
- Revenue model
- Grant-funded. 92% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 40
- Transparency & Controls: 84
- Accountability: 60
- Sustainability: 33
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 45.4%; rating input score 45
- Program expense ratio: 45.5%; rating input score 46
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 19th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 75%; rating input score 75; 16th percentile among comparable filings
- Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 0.3%; rating input score 37; 37th percentile among comparable filings
- Total-asset coverage ratio: 0.82; rating input score 36; 36th percentile among comparable filings
- Liabilities to assets ratio: 0.25; rating input score 28; 28th percentile among comparable filings
- Officer compensation ratio: 24.1%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: -12.7% per year; rating input score 0; 4th percentile among comparable filings
- Revenue growth: 0.2% per year; rating input score 100; 15th percentile among comparable filings
- Asset growth: 6.2% per year; rating input score 100; 44th percentile among comparable filings
Details
- Where the money goes: 45.4% of revenue deployed · 45.5% of spending went to programs
- Governance: 3 of 4 board members independent · 3 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $244K in reported program spending
- Leadership: top reported pay $129K · 4 people listed
- Consistency: 28 of 29 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 10 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 45/100.
- Moderate — Financial Efficiency: Program expense ratio scored 46/100.
- Moderate — Accountability: Governance controls: 5 of 8 not reported.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 37/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
- High — Sustainability: Officer compensation ratio scored 11/100.
- High — Sustainability: Liabilities to assets ratio scored 28/100.