LOAN REPAYMENT ASSISTANCE FOUNDATION (EIN 261782451) - Form 990 Financial Analysis & Trantor Score

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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

2008

Legal Domicile

Principal Officer

Carroll Stevens

Phone

6304266332

Tax Period

2022-07-01 to 2023-06-30

LOAN REPAYMENT ASSISTANCE FOUNDATION, founded in 2008, is a small nonprofit in the Education sector that reported $779K in total revenue in fiscal year 2022. Revenue decreased 16% compared to the prior year.

Mission

The primary purpose of the organization is to receive and administer funds to promote and provide loan repayment assistance programs for students, to raise funds for such programs and assist other charitable organizations in the conduct of similar activities.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $779,236

Investment Income $0

Other Revenue $0

TOTAL REVENUE $779,236

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,000

Fundraising Expenses $0

Program Expenses $774,578

Other Expenses $802,027

TOTAL EXPENSES $812,027

Year-over-Year Comparison

	2022	2021	Change
Revenue	$779,236	$929,235	-0.2%
Expenses	$812,027	$1,027,762	-0.2%
Net Income	$-32,791	$-98,527	-0.7%

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

$389,260

Total Directors

$179,177

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christopher Paetsch	Secretary	1	Officer	$0	$0	$210,083
Brooke Jungk	Director & Treasurer	1	Officer Director	$0	$0	$169,177
Carroll Stevens	President, Director	5	Officer Director	$10,000	$0	$10,000
Kurt Gerrild	Director	0.25	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$779,236	$812,027	$41,454	$-32,791
2022	$929,235	$1,027,762	$81,371	$-98,527
2021	$1,011,557	$985,990	$176,315	$25,567

LOAN REPAYMENT ASSISTANCE FOUNDATION