PHEAA STUDENT LOAN FOUNDATION INC

EIN: 510423553 501(c)(3) Public & Societal Benefit

HARRISBURG, PA

Total Revenue
$108,947,435
Total Expenses
$100,456,887
Total Assets
$1,394,931,633
Net Assets
$157,990,714
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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
2002
Legal Domicile
PA
Principal Officer
WILLIAM WALKER
Phone
7177202023
Tax Period
2023-07-01 to 2024-06-30

PHEAA STUDENT LOAN FOUNDATION INC, founded in 2002, is a major nonprofit in the Public & Societal Benefit sector that reported $108.9M in total revenue in fiscal year 2023. Expenses of $100.5M left a modest 8% surplus.

Mission

THE PHEAA STUDENT LOAN FOUNDATION, INC. (FOUNDATION) IS ORGANIZED TO CARRY OUT STUDENT LOAN SECURITIZATION TRANSACTIONS FOR THE BENEFIT OF PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY (PHEAA) SO PHEAA CAN IMPROVE HIGHER EDUCATION OPPORTUNITIES FOR STUDENTS AND FACILITATE ITS OTHER GOVERNMENTAL PURPOSES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $105,211,101
Investment Income $3,736,334
Other Revenue $0
TOTAL REVENUE $108,947,435

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $100,456,887
Other Expenses $100,456,887
TOTAL EXPENSES $100,456,887

Year-over-Year Comparison

2023 2022 Change
Revenue $108,947,435 $104,214,880 +0.0%
Expenses $100,456,887 $92,848,038 +0.1%
Net Income $8,490,548 $11,366,842 -0.3%
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

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Governance

Voting Members
5
Independent Members
2
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
3
$638,552
Total Directors
5
$644,552
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NATHANIEL D HENCH PRESIDENT AND DIRECTOR 1.00
Officer Director
$0 $14,839 $244,601
KYLE LEFEVER SECRETARY AND DIRECTOR 1.00
Officer Director
$0 $14,345 $236,287
WILLIAM WALKER TREASURER AND DIRECTOR 1.00
Officer Director
$0 $9,567 $157,664
REBECCA HOWELL DIRECTOR 1.00
Director
$0 $0 $3,000
JENNIFER LUCE DIRECTOR 1.00
Director
$0 $0 $3,000
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
2025 No data No data No data No data
2024 $108,947,435 $100,456,887 $1,394,931,633 $8,490,548
2023 $104,214,880 $92,848,038 $1,729,101,883 $11,366,842
2022 $55,394,256 $41,474,609 $2,204,662,034 $13,919,647
2021 $62,263,468 $43,063,987 $2,561,941,161 $19,199,481
2020 $118,674,188 $94,067,743 $3,029,973,651 $24,606,445
2019 $174,319,994 $140,200,416 $3,504,450,278 $34,119,578
2018 $172,185,925 $121,363,208 $3,891,721,776 $50,822,717
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