Financial Freedom Christian Counseling Services I
Nonprofit profile at a glance
- EIN
- 311693907
- IRS 990-EZ coverage
- 2014–2015
- Forms available
- Form 990 2013, Form 990-EZ 2015
- Location
- Margate, FL, USA
- Phone
- 9732480202
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Family Counseling
- Affiliation
- Christianity
Reported finances
- Revenue
- $73,426
- Expenses
- $89,106
- Assets
- $865
- Liabilities
- $59,888
Source: IRS Form 990-EZ. Selected filing: tax year 2015. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- Roland Lockhart (President)
- Luis Noe (Vice President)
People named in this filing
- Roland Lockhart (President)
- Luis Noe (Vice President)
- Lisa Lockhart (Secretary/Treasurer)
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
Financial Freedom Christian Counseling Services, Inc was created to promote and teach sound, biblical principles. We teach people the skills needed to make wise financial choices in their lives. We provide well rounded instruction in money management and budgeting. We minister to the community and provide education to the local churches and public organizations that need help.
What it reported doing in 2015
DMP/ Credit Counseling - The purpose of this organization is to operate a Christian Ministry that provides a broad range of educational, community and financial services as well as credit counseling/debt management if necessary. All exempt purposes income is used for counseling individuals and families regarding their credit/debt and life issues. The ministry will provide tools and techniques needed in living debt free and maintaining that status. God wants us debt free, "Owe no man anything, but to love one another". It is the goal of this ministry to assist and counsel all in establishing a financial plan to live by. In 2014 over 100 individuals received training on financial values and responsibilities.
Operating model
- Revenue model
- Earned-program. 67% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 99% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 93
- Transparency & Controls: 91
- Sustainability: 11
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 82.4%; rating input score 82
Transparency & Controls
- Consistency checks: 88.9%; rating input score 89; 1st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -21.4%; rating input score 20; 20th percentile among comparable filings
- Total-asset coverage ratio: 0.01; rating input score 4; 4th percentile among comparable filings
- Liabilities to assets ratio: 69.23; rating input score 0; 0th percentile among comparable filings
- Officer compensation ratio: 58.6%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: -40.4% per year; rating input score 0; 12th percentile among comparable filings
- Revenue growth: -63.1% per year; rating input score 0; 5th percentile among comparable filings
- Asset growth: -59% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 82.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $73K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 4 filed schedules
- Filing history: 2 filing years from 2014 to 2015
- Contacts: How to reach this organization
- Money network: 8 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: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 20/100.
- High — Sustainability: Total-asset coverage ratio scored 4/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 0/100.
- High — Sustainability: Officer compensation ratio scored 2/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.