STUDENT LOAN SERVICING ALLIANCE INC

EIN: 364023700

ALEXANDRIA, VA

Total Revenue
$514,368
Total Expenses
$483,576
Total Assets
$201,752
Net Assets
$201,752
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
IL
Principal Officer
C TAPSCOTT BUCHANAN
Phone
2029556055
Tax Period
2024-08-01 to 2025-07-31

STUDENT LOAN SERVICING ALLIANCE INC, founded in 1995, is a small nonprofit that reported $514K in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $484K left a modest 6% surplus.

Mission

TRADE ASSOCIATION TO REPRESENT LOAN SERVICERS IN THE FEDERAL EDUCATION LOAN PROGRAMS AUTHORIZED BY TITLE IV OF THE HIGHER EDUCATION ACT OF 1965, AS AMENDED, AS WELL AS LENDERS AND SERVICERS OF PRIVATE EDUCATION LOANS, IN CONNECTION WITH FEDERAL AND STATE LAWS AND REGULATIONS AFFECTING EDUCATION LOANS, AND TO PROMOTE BEST PRACTICES IN THE LOAN SERVICING INDUSTRY.

Program Service Accomplishments

Program 1

DEVELOPED CONSENSUS POSITIONS AMONG APPROXIMATELY 40 FEDERAL AND PRIVATE EDUCATION LOAN SERVICING ORGANIZATIONS AND PARTNERS ON ISSUES TO PRESENT TO THE US CONGRESS, THE US DEPARTMENT OF EDUCATION...

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DEVELOPED CONSENSUS POSITIONS AMONG APPROXIMATELY 40 FEDERAL AND PRIVATE EDUCATION LOAN SERVICING ORGANIZATIONS AND PARTNERS ON ISSUES TO PRESENT TO THE US CONGRESS, THE US DEPARTMENT OF EDUCATION (ED), AND OTHER FEDERAL AND STATE AGENCIES, INCLUDING THE CONSUMER FINANCIAL PROTECTION BUREAU (CFPB, THE FEDERAL COMMUNICATIONS COMMISSION (FCC), AND THE DEPARTMENT OF TREASURY, WITH RESPECT TO BOTH FEDERAL STUDENT LOANS AND PRIVATE EDUCATION LOANS IN CONNECTION WITH: ED NEGOTIATED RULEMAKING PROCESS; INDUSTRY IMPLEMENTATION GUIDANCE IN CONNECTION WITH INCOME-DRIVEN REPAYMENT PLANS AND THE SCRA; MEETINGS WITH ED, CFPB, THE DEPARTMENT OF TREASURY AND THE CONSUMER DATA INDUSTRY ASSOCIATION (CDIA) IN CONNECTION WITH CREDIT REPORTING BY STUDENT LOAN SERVICERS; COMMENTS IN RESPONSE TO VARIOUS REQUESTS FOR INFORMATION/COMMENT FROM THE CFPB IN CONNECTION WITH FEDERAL AND PRIVATE EDUCATION LOANS, COMPLAINTS ON FEDERAL AND PRIVATE EDUCATION LOANS, AND STUDENT LOAN SERVICING; CONTINUED IMPLEMENTATION OF THE DODD-FRANK WALL STREET REFORM AND CONSUMER PROTECTION ACT (PL111-203); RESPONSES TO REQUESTS FOR INFORMATION FROM CONGRESSIONAL STAFF ON STUDENT LOAN SERVICING ISSUES; ANALYSIS OF LEGISLATIVE PROVISIONS AFFECTING FEDERAL STUDENT LOANS AND PRIVATE EDUCATION LOANS IN CONNECTION WITH THE REAUTHORIZATION OF THE HIGHER EDUCATION ACT; COMMENTS ON VARIOUS ED FORMS FOR THE FFELP AND DIRECT LOAN PROGRAMS; STATE LEGISLATION/REGULATION REQUIRING LICENSURE OF STUDENT LOAN SERVICERS, INCLUDING COMMENTS ON LEGISLATIVE AND REGULATORY PROPOSALS, MEETINGS WITH STATE LEGISLATORS AND TESTIMONY BEFORE VARIOUS STATE LEGISLATIVE COMMITTEES; AND EFFORTS TO EDUCATE LEGISLATORS AND REGUALTORS ON THE FEDERAL PREEMPTION OF STATE LICENSING AND REGULATORY SCHEMES WITH RESPECT TO FEDERAL STUDENT LOANS.

Program 2

IDENTIFIED AND COORDINATED STANDARDIZATION AND SIMPLIFICATION PROJECTS AND RECOMMENDATIONS FOR EDUCATION LOAN SERVICING. THIS ACCOMPLISHMENT ACHIEVED THROUGH WEEKLY AND MONTHLY MEMBERSHIP CALLS...

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IDENTIFIED AND COORDINATED STANDARDIZATION AND SIMPLIFICATION PROJECTS AND RECOMMENDATIONS FOR EDUCATION LOAN SERVICING. THIS ACCOMPLISHMENT ACHIEVED THROUGH WEEKLY AND MONTHLY MEMBERSHIP CALLS, PRESENTATIONS AND DISCUSSIONS AT MEMBERSHIP MEETINGS EACH YEAR, AND THE CREATION OF SMALL WORKGROUPS TO DEVELOP POSITIONS AND RECOMMENDATIONS FOR THE LARGER GROUP.

Program 3

ANALYZED AND REPORTED ON INDUSTRY TRENDS FOR EDUCATION LOAN SERVICING. THIS ACCOMPLISHMENT ACHIEVED THROUGH WEEKLY AND MONTHLY MEMBERSHIP CALLS, AS WELL AS PRESENTATIONS AND DISCUSSIONS AT MEMBERSHIP...

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ANALYZED AND REPORTED ON INDUSTRY TRENDS FOR EDUCATION LOAN SERVICING. THIS ACCOMPLISHMENT ACHIEVED THROUGH WEEKLY AND MONTHLY MEMBERSHIP CALLS, AS WELL AS PRESENTATIONS AND DISCUSSIONS AT MEMBERSHIP MEETINGS EACH YEAR. COMMUNICATED THIS INFORMATION EXTERNALLY TO POLICY STAKEHOLDERS, MEDIA, AND CONSUMERS THROUGH MEDIA OUTREACH AND SOCIAL MEDIA EFFORTS.

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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 $513,250
Investment Income $1,118
Other Revenue $0
TOTAL REVENUE $514,368

Expense Breakdown

Grants Paid $0
Salaries & Benefits $295,005
Fundraising Expenses $0
Other Expenses $188,571
TOTAL EXPENSES $483,576

Year-over-Year Comparison

2024 2023 Change
Revenue $514,368 $358,436 +0.4%
Expenses $483,576 $338,619 +0.4%
Net Income $30,792 $19,817 +0.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
1
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
4
$270,981
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOE GRIECO PRESIDENT 1.00
Officer Director
$0 $0 $0
JAYE O'CONNELL DIRECTOR 1.00
Director
$0 $0 $0
PHILLIP KINMAN TREASURER 1.00
Officer Director
$0 $0 $0
MATT MEYERS DIRECTOR 1.00
Director
$0 $0 $0
JEN EARYES DIRECTOR 1.00
Director
$0 $0 $0
JILL LEITL PRESIDENT-ELECT 1.00
Director
$0 $0 $0
ROB SOMMER DIRECTOR 1.00
Director
$0 $0 $0
MARC BITSKO DIRECTOR 1.00
Director
$0 $0 $0
JEAN SVOBODA SECRETARY 1.00
Officer Director
$0 $0 $0
THERESA HOMMRICH DIRECTOR 1.00
Director
$0 $0 $0
C TAPSCOTT BUCHANAN EXECUTIVE DIRECTOR 38.00
Officer
$270,981 $0 $270,981
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 $514,368 $483,576 $201,752 $30,792
2024 $358,436 $338,619 $170,960 $19,817
2023 $383,912 $377,818 $141,143 $6,094
2022 $337,301 $353,733 $135,049 $-16,432
2021 $469,424 $473,578 $151,481 $-4,154
2020 $382,370 $444,846 $155,635 $-62,476
2019 $588,101 $594,752 $218,111 $-6,651
2018 $618,225 $596,038 $224,762 $22,187
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