North Texas Higher Education Authority Inc

EIN: 237133739 501(c)(3) Education

Arlington, TX

Total Revenue
$64,663,233
Total Expenses
$81,068,571
Total Assets
$1,211,054,653
Net Assets
$233,666,606
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
TX
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

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

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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%)

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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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Governance

Voting Members
6
Independent Members
6
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
5
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
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
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