Consumer Credit Counseling Service of Nebraska Inc
Nonprofit profile at a glance
- EIN
- 470574245
- IRS 990 coverage
- 2012–2014
- Forms available
- Form 990 2014
- Location
- Omaha, NE, USA
- Phone
- 4023338609
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Financial Counseling
Reported finances
- Revenue
- $1,026,248
- Expenses
- $1,384,749
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2014. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- Donald Leu (President & CEO)
Highest reported compensation
- Donald Leu (President & CEO): $121,563 total reported compensation
- Sharon Taubert (Vice Preisdent): $90,409 total reported compensation
- Dick Kolc (Secretary): $6,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
CCCSN is a non-profit community service organization, dedicated to delivering professional consumer credit education, confidential counseling and debt management to all segments of society regardless of their ability to pay.
What it reported doing in 2014
Credit Counseling Services - Provides clients with free credit counseling and budgeting. Those who sign up for the Debt management program are given a debt repayment plan to follow to achieve paying off of their debts.
Operating model
- Revenue model
- Other-operating. 88% of the money available for current operations came from other operating revenue.
- 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
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 68
- Transparency & Controls: 100
- Accountability: 76
- Sustainability: 4
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85.4%; rating input score 85
- Program expense ratio: 63%; rating input score 63
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 75%; rating input score 75; 15th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -34.9%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 15.7%; rating input score 18; 18th percentile among comparable filings
Growth
- Program expense growth: -14.9% per year; rating input score 0; 13th percentile among comparable filings
- Revenue growth: -14.8% per year; rating input score 0; 6th percentile among comparable filings
- Asset growth: -80.6% per year; rating input score 0; 0th percentile among comparable filings
Details
- Where the money goes: 85.4% of revenue deployed · 63% of spending went to programs
- Governance: 9 of 12 board members independent · 7 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $872K in reported program spending
- Leadership: top reported pay $122K · 12 people listed
- Consistency: 25 of 25 current checks pass
- Schedules: 7 filed schedules · includes major donors
- Filing history: 3 filing years from 2012 to 2014
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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.
- High — Sustainability: Operating margin scored 4/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 0/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 18/100.