Credit Advocate Counseling Corp

Nonprofit profile at a glance

EIN: 133917328
IRS 990-EZ coverage: 2015–2015
Forms available: Form 990 2014, Form 990-EZ 2015
Location: New York, NY, USA
Phone: 2122602776
Rating: 87
Verdict: STRONG
Rating confidence: Moderate
Sector: Alliance/Advocacy Organizations

Official website

Reported finances

Revenue: $97,623
Expenses: $213,557
Assets: $0

Source: IRS Form 990-EZ. Selected filing: tax year 2015. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

Steven Burman (President)

People named in this filing

Steven Burman (President)
Julia Berman (Board Member)
Henry Reininger (Board Member)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

What it reported doing in 2015

To provide financial literacy education through outreach programs throughout the community it serves and to assist consumers with budget planning and reducing credit card debt through debt management programs. These programs are designed to assist consumers reduce credit card debt by consolidating payments, waiving fees, and reducing interest rates.

Operating model

Revenue model: Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model: Hybrid. The nonprofit split its reported program spending across 50% for direct work, and 50% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

Financial Efficiency: 94
Transparency & Controls: 100
Sustainability: 4
Growth: 0

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 100%; rating input score 100
Program expense ratio: 84.9%; rating input score 85

Transparency & Controls

Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
Major donor itemization: Yes; rating input score 100

Sustainability

Operating margin: -118.8%; rating input score 6; 6th percentile among comparable filings
Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
Liabilities to assets ratio: Limited
Officer compensation ratio: 13.5%; rating input score 10; 10th percentile among comparable filings

Growth

Program expense growth: Limited
Revenue growth: -12.1% per year; rating input score 0; 26th percentile among comparable filings
Asset growth: -13.6% per year; rating input score 0; 18th percentile among comparable filings

Details

Where the money goes: 100% of revenue deployed · 84.9% of spending went to programs
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment · $181K in reported program spending
Leadership: top reported pay $0 · 5 people listed
Consistency: 6 of 6 current checks pass
Schedules: 3 filed schedules
Contacts: How to reach this organization
Money network: 2 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

High — Growth: Revenue growth scored 0/100.
High — Sustainability: Operating margin scored 6/100.
High — Growth: Asset growth scored 0/100.
High — Sustainability: Total-asset coverage ratio scored 1/100.
High — Sustainability: Officer compensation ratio scored 10/100.
High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.