Overview
What is A Debt Coach Credit Counseling Service?
A Debt Coach Credit Counseling Service is a nonprofit organization situated in Florence, Kentucky, specifically at 71 Cavalier Blvd, with 7 dedicated employees. Their primary mission is to offer debt management counseling services and financial education to approximately 300 clients. By providing this assistance, they aim to help individuals gain control over their finances and debt, ultimately promoting financial stability and well-being. Their operations primarily focus on offering money management guidance and debt counseling, aiming to empower clients to make informed financial decisions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
A Debt Coach Credit Counseling Service has received a Three-Star rating due to its strong performance in accountability and finance, scoring 79%. This rating indicates that the organization is committed to transparency and responsible financial management. The overall score is derived entirely from its accountability and finance metrics, demonstrating a focused approach to these critical areas.
Strengths of the organization include a fully independent board of members, which ensures that decision-making is free from conflicts of interest. Additionally, the organization has a solid program expense ratio of 87.60%, indicating that a significant portion of its resources is directed towards its programs rather than administrative costs. The presence of established policies for whistleblower protections, conflict of interest, and document retention further reinforces its commitment to ethical standards.
While the organization shows no material diversions of assets and maintains a favorable liabilities to assets ratio of 19.71%, there may still be areas for improvement in overall operational transparency and community engagement. However, the current rating reflects a well-managed organization that adheres to best practices in nonprofit governance.
This AI summary has been generated from information found on Charity Navigator.
Is A Debt Coach Credit Counseling Service legitimate?
A Debt Coach Credit Counseling Service is a legitimate nonprofit organization registered as a 501(c)(3) entity. A Debt Coach Credit Counseling Service submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $272,602
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What is the mission statement of A Debt Coach Credit Counseling Service?
A Debt Coach Credit Counseling Service's mission is centered around providing debt management counseling services and financial education to its clients. Their primary objective is to assist individuals in managing their debts and improving their overall financial management skills. Through counseling and budgeting assistance, they aim to help approximately 300 clients navigate their financial challenges effectively. Their services are designed to empower clients, enabling them to make informed decisions about their financial future.
Who is the CEO of A Debt Coach Credit Counseling Service?
Louis Williams is the President of A Debt Coach Credit Counseling Service.
What is the revenue of A Debt Coach Credit Counseling Service?
A Debt Coach Credit Counseling Service's revenue in 2022 was $507,183.
Who are the executives of A Debt Coach Credit Counseling Service and what are their salaries?
The average compensation at A Debt Coach Credit Counseling Service during 2022 was $38,943. There are 7 employees at A Debt Coach Credit Counseling Service.
Here are 10 key members and their salaries:
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Where can I find the form 990 for A Debt Coach Credit Counseling Service?
A Debt Coach Credit Counseling Service's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of A Debt Coach Credit Counseling Service
A Debt Coach Credit Counseling Service, in its mission, focuses on offering debt management counseling services and providing money management education to its clients. This nonprofit organization aims to assist individuals in managing their financial obligations and improving their overall financial literacy. By offering counseling and education, A Debt Coach Credit Counseling Service empowers its clients to take control of their finances and work towards financial stability. The organization has assisted approximately 300 clients with money management, debt counseling, and budgeting.
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Impact
July, 2024
A Debt Coach Credit Counseling Service has positively impacted approximately 300 clients in Florence, KY by providing essential services such as money management, debt counseling, and budgeting assistance. Through their dedicated efforts, clients have been empowered to better manage their finances and work towards achieving financial stability. Their work plays a crucial role in helping individuals navigate their debt and financial challenges, ultimately improving their overall financial well-being.
This information is meant to be a general summary of A Debt Coach Credit Counseling Service. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $507,183
- Gross Receipts: $507,183
Assets and Liabilities:
- Total Assets: $97,616
- Total Liabilities: $19,241
- Net Assets: $78,375
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEBT MGMT COUNSELING
Revenue
$507,183
Organization Details
Phone
(888) 767-9155Principal Officer
Louis Williams
Main Address
71 CAVALIER BLVD 224, FLORENCE, KY, 41042
NTEE Category
Code: P51 - Human services
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