Education Finance Council Inc

EIN: 521801566

Washington, DC

Total Revenue
$1,512,915
Total Expenses
$1,430,300
Total Assets
$2,368,808
Net Assets
$1,502,700
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
DC
Principal Officer
Gail daMota
Phone
2029555510
Tax Period
2025-01-01 to 2025-12-31

Education Finance Council Inc, founded in 1992, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2025. Expenses of $1.4M left a modest 5% surplus.

Mission

Education Finance Council advocates on behalf of and offers a variety of membership services to its state-based and nonprofit members. EFC works with its members to advocate for and support their missions to help students and families succeed in postsecondary education or training by providing funding/financing options, improving the education to workforce pipeline, supporting excellence in loan servicing, encouraging robust financial literacy, information, and counseling programs, and providing a variety of other comprehensive products and services.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,449,433
Investment Income $63,482
Other Revenue $0
TOTAL REVENUE $1,512,915

Expense Breakdown

Grants Paid $25,000
Salaries & Benefits $809,901
Fundraising Expenses $0
Program Expenses $1,342,705
Other Expenses $595,399
TOTAL EXPENSES $1,430,300

Year-over-Year Comparison

2025 2024 Change
Revenue $1,512,915 $1,461,321 +0.0%
Expenses $1,430,300 $1,455,016 0.0%
Net Income $82,615 $6,305 +12.1%
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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Governance

Voting Members
9
Independent Members
9
Employees
5
Volunteers
9

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
5
$356,051
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gail daMota President 40.00
Officer
$316,844 $39,207 $356,051
Meghan Lustig VP Operations & Development 40.00
Highest
$141,050 $32,442 $173,492
Trey Simon Director 1.00
Director
$0 $0 $0
Jeanette W Weldon Director 1.00
Director
$0 $0 $0
Will Shaffner Director 1.00
Director
$0 $0 $0
Steven W McCullough Director 1.00
Director
$0 $0 $0
Tricia Dubroc Vice Chair 1.00
Officer Director
$0 $0 $0
Chad Tate Treasurer 1.00
Officer Director
$0 $0 $0
James Steeley Secretary 1.00
Officer Director
$0 $0 $0
Scott Giles Chair 2.00
Officer Director
$0 $0 $0
Joseph Wood Director 1.00
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 $1,512,915 $1,430,300 $2,368,808 $82,615
2024 $1,461,321 $1,455,016 $2,335,382 $6,305
2023 $1,338,609 $1,314,578 $2,279,778 $24,031
2022 $1,314,578 $1,248,081 $2,242,246 $66,497
2021 $1,352,672 $1,162,881 $2,183,365 $189,791
2020 $1,257,367 $1,227,000 $2,103,227 $30,367
2019 $1,507,264 $1,402,126 $2,078,976 $105,138
2018 $1,454,298 $1,350,835 $1,853,858 $103,463
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