INDIANAPOLIS, IN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)INDIANA SECONDARY MARKET FOR EDUCATION LOANS INC, founded in 1980, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $16.0M in total revenue in fiscal year 2024. The organization ran a surplus of $3.0M, a strong 19% operating margin.
FOR OVER 40 YEARS, INDIANA SECONDARY MARKET FOR EDUCATION LOANS, INC. (D/B/A "INVESTED") HAS PROVIDED INDIANA STUDENTS AND FAMILIES CRITICAL RESOURCES AND ADVISING SERVICES TO PLAN AND FINANCE EDUCATION AFTER HIGH SCHOOL. AS INDIANA'S ONLY STATE-BASED, NONPROFIT STUDENT-LOAN-MAKING AND FINANCIAL-LITERACY ORGANIZATION, INVESTED PLAYS A CRUCIAL ROLE SERVING ALL INDIANA STUDENTS AND FAMILIES BEFORE, DURING, AND AFTER THEIR POST-SECONDARY STUDIES TO MAKE POST-SECONDARY EDUCATIONAL ATTAINMENT AFFORDABLE. INVESTED PROVIDES STUDENTS AND FAMILIES VARIOUS SERVICES THROUGH ITS STUDENT LOAN PROGRAM AND ITS FINANCIAL AID LITERACY AND ADVISING PROGRAMS, ALL AT NO COST TO STUDENTS, THEIR FAMILIES, OR INDIANA TAXPAYERS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $16,015,983 | $16,573,697 | 0.0% |
| Expenses | $13,040,212 | $17,955,703 | -0.3% |
| Net Income | $2,975,771 | $-1,382,006 | -3.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DOUG BROWN | BOARD MEMBER | 1.00 |
Director
|
$1,960 | $0 | $1,960 |
| CAROL D'AMICO | SECRETARY | 1.00 |
Officer
Director
|
$3,136 | $0 | $3,136 |
| TOM GUEVARA | BOARD MEMBER | 1.00 |
Director
|
$1,764 | $0 | $1,764 |
| MATTHEW MURPHY | TREASURER | 1.00 |
Officer
Director
|
$3,332 | $0 | $3,332 |
| FRED PAYNE | VICE CHAIRPERSON | 1.00 |
Officer
Director
|
$1,372 | $0 | $1,372 |
| CHARLES E SCHALLIOL | CHAIRPERSON | 2.00 |
Officer
Director
|
$7,448 | $0 | $7,448 |
| JIM SNYDER | BOARD MEMBER | 1.00 |
Director
|
$1,764 | $0 | $1,764 |
| BETSY WILEY | BOARD MEMBER | 1.00 |
Director
|
$1,568 | $0 | $1,568 |
| MARSHAWN WOLLEY | BOARD MEMBER | 1.00 |
Director
|
$1,372 | $0 | $1,372 |
| LINAE DEVAISHER | CFO & VP | 40.00 |
Officer
|
$300,751 | $21,546 | $322,297 |
| JOSEPH WOOD | CEO & PRESIDENT | 40.00 |
Officer
|
$469,900 | $36,799 | $506,699 |
| PATRICK JASON MCGREW | VP OF EXTERNAL MANAGEMENT | 40.00 |
Highest
|
$200,885 | $36,427 | $237,312 |
| CYNTHIA STONEROCK | SENIOR FINANCIAL ANALYST | 40.00 |
Highest
|
$121,625 | $31,977 | $153,602 |
| WILLIAM WOZNIAK | VP OF MARKETING | 40.00 |
Highest
|
$222,588 | $35,668 | $258,256 |
| MATTHEW KRIEG | LENDING, BUS. DEV. MNGR. | 40.00 |
Highest
|
$109,160 | $30,489 | $139,649 |
| SUSAN MAYBERRY | ADV. & OUTREACH MNGR. | 40.00 |
Highest
|
$109,046 | $30,496 | $139,542 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $16,015,983 | $13,040,212 | $251,203,412 | $2,975,771 |
| 2024 | $16,573,697 | $17,955,703 | $241,352,522 | $-1,382,006 |
Compare INDIANA SECONDARY MARKET FOR EDUCATION LOANS INC with other nonprofits in Indiana and across the country.