EDUCATIONAL CREDIT MANAGEMENT CORPORATION (EIN 411778617) - 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

1994

Legal Domicile

Principal Officer

CHAD TATE

Phone

6512210566

Tax Period

2024-01-01 to 2024-12-31

EDUCATIONAL CREDIT MANAGEMENT CORPORATION, founded in 1994, is a major nonprofit in the Public & Societal Benefit sector that reported $265.0M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year.

Mission

PROVIDES FINANCIAL COUNSELING AND EDUCATION TO EMPOWER STUDENTS TO MAKE BETTER CHOICES ABOUT THEIR FUTURES.

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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 $14,611,000

Program Service Revenue $249,023,650

Investment Income $1,363,991

Other Revenue $215

TOTAL REVENUE $264,998,856

Expense Breakdown

Grants Paid $177,847,940

Salaries & Benefits $54,661,330

Fundraising Expenses $0

Program Expenses $214,059,087

Other Expenses $29,081,997

TOTAL EXPENSES $261,591,267

Year-over-Year Comparison

	2024	2023	Change
Revenue	$264,998,856	$318,087,346	-0.2%
Expenses	$261,591,267	$362,056,007	-0.3%
Net Income	$3,407,589	$-43,968,661	-1.1%

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

250

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

$3,011,238

Total Directors

$2,688,752

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL FISHER	PRESIDENT & CEO, ECMC GROUP	0.00	Director	$0	$130,325	$1,503,752
JAMES V MCKEON	BOARD CHAIR	1.00	Director	$0	$0	$197,500
DIANA J INGRAM	DIRECTOR	1.00	Director	$0	$0	$151,250
JACK O'CONNELL	DIRECTOR	1.00	Director	$0	$0	$135,000
JULIA S GOUW	DIRECTOR	1.00	Director	$0	$0	$155,000
DEREK LANGHAUSER	DIRECTOR	1.00	Director	$0	$0	$127,500
JAMES RUNCIE	DIRECTOR	1.00	Director	$0	$0	$135,000
JENNIFER ANDERSON	DIRECTOR	1.00	Director	$0	$0	$138,750
K PAUL SINGH	DIRECTOR	1.00	Director	$0	$0	$145,000
MARTIN SCANLON	CFO & TREASURER	0.00	Officer	$0	$108,170	$1,011,175
BRIAN BOARDMAN	GENERAL COUNSEL & CORP SECRETARY	0.00	Officer	$0	$91,781	$612,291
PAULA CRAW	VP, OUTREACH	40.00	Officer	$279,939	$27,226	$307,165
THERESE BICKLER	VP, ECMC OPERATIONS	40.00	Officer	$345,093	$46,785	$391,878
CHAD TATE	PRESIDENT, ECMC	40.00	Officer	$599,179	$89,550	$688,729
JAN JACOBSON	DIR, CUSTOMER SERVICE	40.00	Highest	$205,258	$57,805	$263,063
J HAMLIN SJOBERG	SR DIR, GUARANTOR SERVICES	40.00	Highest	$245,596	$42,362	$287,958
HAN CHO	DIR, PORTFOLIO MANAGEMENT	40.00	Highest	$210,205	$59,690	$269,895
NATHAN VICKERY	SR DIR, REPAYMENT SUCCESS CENTER	40.00	Highest	$254,849	$44,782	$299,631
CHARLES NADEAU	DIR, ANALYTICS & REVENUE MGMT	40.00	Highest	$187,153	$64,346	$251,499
JEREMY WHEATON	FORMER PRESIDENT & CEO, ECMC GROUP	0.00		$0	$0	$19,539
JOHN F DEPODESTA	FORMER BOARD CHAIR	0.00		$0	$0	$60,000

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
2024	$264,998,856	$261,591,267	$209,123,067	$3,407,589
2023	$318,087,346	$362,056,007	$295,093,716	$-43,968,661
2022	$361,979,726	$338,613,468	$429,860,105	$23,366,258
2021	$424,071,754	$374,401,993	$748,768,663	$49,669,761
2020	$274,395,445	$293,177,543	$904,889,623	$-18,782,098
2019	$322,133,758	$320,180,510	$1,053,060,876	$1,953,248
2018	$370,174,232	$351,286,093	$945,525,907	$18,888,139

EDUCATIONAL CREDIT MANAGEMENT CORPORATION