FRANKLIN, TN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Educational Funding of the South Inc, founded in 1985, is a mid-sized nonprofit that reported $32.4M in total revenue in fiscal year 2020. Revenue fell 27% from the prior year — a significant decline worth monitoring.
EDUCATIONAL FUNDING OF THE SOUTH, INC (THE COMPANY) IS A NOT-FOR-PROFIT PUBLIC BENEFIT CORPORATION FORMED IN 1985. THE COMPANY ACQUIRED AND FUNDED LOANS TO STUDENTS AND PARENTS OF STUDENTS THROUGHOUT THE UNITED STATES PURSUANT TO TITLE IV OF THE HIGHER EDUCATION ACT OF 1965 UNTIL JULY 1, 2010. THE COMPANY ALSO PROVIDES COLLEGE AND CAREER COUNSELING SERVICES THROUGH THE STUDENT OUTREACH PROGRAM FOR STUDENTS IN ELEMENTARY, MIDDLE AND HIGH SCHOOL. THE COMPANY ALSO AWARDS SCHOLARSHIPS TO STUDENTS IN NEED FOR PUBLIC AND PRIVATE postsecondary institutions IN THE STATE OF TENNESSEE.
ACQUISITION OF STUDENT LOANS MADE TO STUDENTS AND PARENTS PURSUANT TO TITLE IV OF THE HIGHER EDUCATION ACT OF 1965.
STUDENT OUTREACH SERVICES ARE OFFERED TO STUDENTS IN ELEMENTARY SCHOOL THROUGH HIGH SCHOOL TO PROMOTE COLLEGE AND CAREER PLANNING. FINANCIAL LITERACY PROGRAMS ARE OFFERED TO MIDDLE SCHOOLS SERVING...
STUDENT OUTREACH SERVICES ARE OFFERED TO STUDENTS IN ELEMENTARY SCHOOL THROUGH HIGH SCHOOL TO PROMOTE COLLEGE AND CAREER PLANNING. FINANCIAL LITERACY PROGRAMS ARE OFFERED TO MIDDLE SCHOOLS SERVING LOW-INCOME FAMILIES IN MIDDLE TENNESSEE, HIGH SCHOOL STUDENTS IN GRADES 10-12 IN EAST, MIDDLE AND WEST TENNESSEE, AND POSTSECONDARY INSTITUTIONS IN THE TENNESSEE BOARD OF REGENTS SYSTEM.
VOLUNTEER STATE STUDENT ASSISTANCE SCHOLARSHIPS ARE OFFERED TO STUDENTS BASED ON FINANCIAL NEED IN POST SECONDARY EDUCATION AT 4 YEAR PUBLIC AND PRIVATE COLLEGES THROUGHOUT THE STATE OF TENNESSEE.
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)| 2020 | 2019 | Change | |
|---|---|---|---|
| Revenue | $32,440,997 | $44,506,189 | -0.3% |
| Expenses | $33,709,441 | $45,792,416 | -0.3% |
| Net Income | $-1,268,444 | $-1,286,227 | 0.0% |
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 |
|---|---|---|---|---|---|---|
| RON GAMBILL | PRESIDENT/CEO | 50.0 |
Officer
Director
|
$781,505 | $15,474 | $796,979 |
| KEN MANN | CFO | 40.0 |
Officer
|
$183,720 | $11,554 | $195,274 |
| Melissa Markis | assistant VP loan operations | 40.0 |
Highest
|
$103,174 | $9,382 | $112,556 |
| JOHN MAYS | DIRECTOR | 1.0 |
Director
|
$26,000 | $0 | $26,000 |
| MIKE RAGSDALE | DIRECTOR | 1.0 |
Director
|
$26,000 | $0 | $26,000 |
| RICHARD SMELSER | DIRECTOR | 1.0 |
Director
|
$25,000 | $0 | $25,000 |
| JEFF GERKIN | DIRECTOR | 1.0 |
Director
|
$25,000 | $0 | $25,000 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2021 | $32,440,997 | $33,709,441 | No data | $-1,268,444 |
| 2020 | $44,506,189 | $45,792,416 | $856,801,782 | $-1,286,227 |
| 2019 | $55,765,627 | $58,877,514 | $976,087,145 | $-3,111,887 |
| 2018 | $57,118,278 | $54,955,972 | $1,125,274,900 | $2,162,306 |
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