North Texas Higher Education Autho… - Form 990 Financial Data

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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

1979

Legal Domicile

Principal Officer

Phillip Wambsganss

Phone

8172659158

Tax Period

2024-09-01 to 2025-08-31

North Texas Higher Education Authority Inc, founded in 1979, is a mid-sized nonprofit in the Education sector that reported $64.7M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $81.1M exceeded revenue, resulting in a 25% operating deficit.

Mission

Provide student loans at post secondary level and life of loan servicing of student loans.

Program Service Accomplishments

Program 1

Expenses: $49,332,008 Revenue: $55,088,530

Student Loan Programs: provide funds mostly through issuance of bonds for the purchase and life of loan servicing of FFELP and private student loans at the post secondary level 103547 loans...

Student Loan Programs: provide funds mostly through issuance of bonds for the purchase and life of loan servicing of FFELP and private student loans at the post secondary level 103547 loans outstanding.

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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 $55,229,067

Investment Income $9,434,166

Other Revenue $0

TOTAL REVENUE $64,663,233

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $49,332,008

Other Expenses $81,068,571

TOTAL EXPENSES $81,068,571

Year-over-Year Comparison

	2024	2023	Change
Revenue	$64,663,233	$70,959,409	-0.1%
Expenses	$81,068,571	$64,966,787	+0.2%
Net Income	$-16,405,338	$5,992,622	-3.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Petter	Treasurer Secretary Board Member	1.00	Officer Director	$0	$0	$0
Governor Jackson	President Board Member	1.00	Officer Director	$0	$0	$0
Jerry McCullough	Vice President Board Member	1.00	Officer Director	$0	$0	$0
Tony Pompa	Board Member	1.00	Director	$0	$0	$0
Stephanie Shaner	Board Member	1.00	Director	$0	$0	$0
Gracie Riddick	Board Member	1.00	Director	$0	$0	$0
Phillip Wambsganss	Executive Director HESC	1.00	Officer	$0	$0	$0
Denise Dunn-Trakshel	Controller HESC	1.00	Officer	$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	$64,663,233	$81,068,571	$1,211,054,653	$-16,405,338
2024	$70,959,409	$64,966,787	$1,074,155,407	$5,992,622
2023	$53,783,363	$46,105,600	$866,196,017	$7,677,763
2022	$26,983,231	$28,471,620	$1,018,646,765	$-1,488,389
2021	$22,488,160	$17,456,354	$1,091,893,573	$5,031,806
2020	$29,194,235	$24,994,451	$841,628,640	$4,199,784
2019	$42,102,499	$36,353,756	$953,487,779	$5,748,743
2018	$33,685,610	$32,276,446	$1,082,019,308	$1,409,164

North Texas Higher Education Authority Inc