CHARLES T KING STUDENT LOAN FUND

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1964

Legal Domicile

Principal Officer

SOCK WANG

Phone

9733763600

Tax Period

2024-07-01 to 2025-06-30

CHARLES T KING STUDENT LOAN FUND, founded in 1964, is a micro nonprofit in the Education sector that reported $44K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $39K, a strong 90% operating margin.

Mission

TO PROVIDE LOANS TO MILLBURN TOWNSHIP NJ STUDENTS ATTENDING ACCREDITED COLLEGES, UNIVERSITIES AND TECHNICAL SCHOOLS.

Program Service Accomplishments

Program 1

Expenses: $2,572

THE STUDENT LOAN FUND WAS ESTABLISHED OVER EIGHTY YEARS AGO TO HELP MILLBURN TOWNSHIP STUDENTS FURTHER THEIR EDUCATIONAL GOALS. RENAMED IN 1974 TO HONOR DR. CHARLES T. KING, WHO RETIRED AS...

THE STUDENT LOAN FUND WAS ESTABLISHED OVER EIGHTY YEARS AGO TO HELP MILLBURN TOWNSHIP STUDENTS FURTHER THEIR EDUCATIONAL GOALS. RENAMED IN 1974 TO HONOR DR. CHARLES T. KING, WHO RETIRED AS SUPERINTENDENT OF SCHOOLS AFTER 27 YEARS OF SERVICE IN THE SYSTEM, THE FUND IS SPONSORED BY THE MILLBURN TOWNSHIP CONFERENCE OF PARENTS AND TEACHERS. DUE TO THE TREMENDOUS INCREASE IN COLLEGE TUITION, THE FUND PLAYS AN IMPORTANT ROLE IN HELPING TO FINANCE STUDENTS' POSTSECONDARY SCHOOL EDUCATIONS. THE LOANS ARE NEED-BASED AND CURRENTLY INTEREST-FREE. MORE THAN 700 STUDENTS HAVE RECEIVED THEM TO DATE. THE FUND IS MAINTAINED BY PERSONAL AND BUSINESS CONTRIBUTIONS FROM WITHIN THE COMMUNITY. THROUGH THE GENEROSITY OF OUR RESIDENTS AND BUSINESSES, OVER 2.5 MILLION IN LOANS HAVE BEEN MADE TO STUDENTS THROUGHOUT THE YEARS. THE LOANS ARE DUE UPON GRADUATION AND BY "PAYING IT FORWARD" THE FUND IS CONTINUALLY REPLENISHED BY PAST RECIPIENTS TO SUPPORT STUDENTS IN THE FUTURE. LOANS ARE RENEWABLE FOR FOUR YEARS OF FULL TIME STUDIES AND REPAYABLE UPON COMPLETION OF ALL STUDIES. AS OF JUNE 30, 2025, THERE WERE 92 LOANS OUTSTANDING WITH AN AVERAGE BALANCE OF 7,400.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $10,495

Program Service Revenue $0

Investment Income $33,145

Other Revenue $0

TOTAL REVENUE $43,640

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,572

Other Expenses $4,272

TOTAL EXPENSES $4,272

Year-over-Year Comparison

	2024	2023	Change
Revenue	$43,640	$48,725	-0.1%
Expenses	$4,272	$8,411	-0.5%
Net Income	$39,368	$40,314	0.0%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LILY LEE	CHAIR	1.00	Officer Director	$0	$0	$0
ANDREA SPAAR	SECRETARY	1.00	Officer Director	$0	$0	$0
CORDELIA CHAN	CO-TREASURER	1.00	Officer Director	$0	$0	$0
SOCK WANG	CO-TREASURER	1.00	Officer Director	$0	$0	$0
THOMAS CHASE	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY FEHRENBACK	DIRECTOR	1.00	Director	$0	$0	$0
SONALI GANTI	DIRECTOR	1.00	Director	$0	$0	$0
DAVID GREEN	DIRECTOR	1.00	Director	$0	$0	$0
JANE GOMEZ	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON HAASE	DIRECTOR	1.00	Director	$0	$0	$0
ATUL KULKARNI	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN POLLINA-FINKELSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
MARCY SCHWARTZ	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN SHAINBERG	DIRECTOR	1.00	Director	$0	$0	$0
NU SUWANKOSAI	DIRECTOR	1.00	Director	$0	$0	$0

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	$43,640	$4,272	$1,672,782	$39,368
2025	$43,640	$4,272	$1,672,782	$39,368
2024	$48,725	$8,411	$1,633,414	$40,314
2023	$22,422	$4,516	$1,593,100	$17,906
2022	$23,242	$4,842	$1,575,194	$18,400
2021	$23,290	$3,586	$1,546,144	$19,704
2020	$47,632	$6,584	$1,526,440	$41,048
2019	$25,038	$3,194	$1,485,392	$21,844