CONNECTICUT STUDENT LOAN FOUNDATION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1967

Legal Domicile

Principal Officer

JEANETTE WELDON

Phone

8607618418

Tax Period

2024-07-01 to 2025-06-30

CONNECTICUT STUDENT LOAN FOUNDATION, founded in 1967, is a community nonprofit in the Public & Societal Benefit sector that reported $4.5M in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $4.1M left a modest 10% surplus.

Mission

TO IMPROVE EDUCATIONAL OPPORTUNITY AND PROMOTE REPAYMENT OF LOANS INCLUDING PROVIDING APPROPRIATE SERVICES INCIDENT TO THE ADMINISTRATION OF PROGRAMS WHICH ARE ESTABLISHED TO IMPROVE EDUCATIONONAL OPPORTUNITIES.

Program Service Accomplishments

Program 1

Expenses: $3,225,271 Revenue: $4,317,988

STUDENT LOAN MANAGEMENT AND INTEREST ON STUDENT LOAN RECEIVABLES.

Program 2

Expenses: $600,000

CONTRIBUTIONS TO CT HIGHER EDUCATION SUPPLEMENTAL LOAN AUTHORITY (CHESLA) IN SUPPORT OF PROGRAMS TO IMPROVE EDUCATIONAL OPPORTUNITIES BY PROVIDING SCHOLARSHIPS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,317,988

Investment Income $199,142

Other Revenue $0

TOTAL REVENUE $4,517,130

Expense Breakdown

Grants Paid $600,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,825,271

Other Expenses $3,464,642

TOTAL EXPENSES $4,064,642

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,517,130	$7,439,089	-0.4%
Expenses	$4,064,642	$6,164,486	-0.3%
Net Income	$452,488	$1,274,603	-0.6%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,091,142

Total Directors

$333,199

Key Employees

$212,002

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR PETER W LISI	CHAIRMAN	0.20	Officer Director	$0	$0	$0
JULIE SAVINO	VICE CHAIRMAN	0.20	Officer Director	$0	$0	$0
ERICK RUSSELL	ACTING TREASURER	0.20	Director	$0	$0	$0
JEFFREY R BECKHAM	SECRETARY	0.20	Director	$0	$0	$0
TERRENCE CHENG	DIRECTOR	0.20	Director	$0	$0	$0
MARTIN BUDD	DIRECTOR	0.20	Director	$0	$0	$0
ANDREW FOSTER	DIRECTOR	0.20	Director	$0	$0	$0
DR KELLI-MARIE VALLIERS PHD	DIRECTOR	0.20	Director	$0	$0	$0
JEANETTE W WELDON	EXECUTIVE DIRECTOR	5.00	Officer Director	$0	$55,355	$333,199
MICHAEL F MORRIS	FORMER MANAGING DIRECTOR	0.10	Officer	$0	$28,890	$252,829
DENISE E AGUILERA	GENERAL COUNSEL	2.00	Officer	$0	$28,620	$249,263
CHARLES BODIE	MANAGING DIRECTOR	0.10	Officer	$0	$56,709	$255,851
JOANNE MACKEWICZ	CONTROLLER	0.10	Key Emp	$0	$26,161	$212,002

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$4,517,130	$4,064,642	$57,846,276	$452,488
2024	$7,439,089	$6,164,486	$76,625,198	$1,274,603
2023	$6,578,182	$9,957,241	$96,313,464	$-3,379,059
2022	$4,816,146	$6,033,188	$126,010,687	$-1,217,042
2021	$5,152,125	$4,026,832	$146,981,907	$1,125,293
2020	$8,163,038	$6,842,377	$167,603,066	$1,320,661
2019	$10,761,716	$12,996,628	$193,791,940	$-2,234,912