EDUCATION LOAN FINANCE INC (EIN 621586836) - 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

Phone

8658243051

Tax Period

2024-01-01 to 2024-12-31

EDUCATION LOAN FINANCE INC, founded in 1994, is a major nonprofit in the Education sector that reported $152.8M in total revenue in fiscal year 2024. Expenses of $135.0M left a modest 12% surplus.

Mission

PROVIDES FUNDING FOR POSTSECONDARY STUDENT LOANS AND GRANTS FOR SCHOLARSHIPS THROUGH ITS SUBSIDIARY.

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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 $11,137,062

Program Service Revenue $102,413,903

Investment Income $21,528,794

Other Revenue $17,681,294

TOTAL REVENUE $152,761,053

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,636,431

Fundraising Expenses $0

Program Expenses $130,604,027

Other Expenses $129,323,886

TOTAL EXPENSES $134,960,317

Year-over-Year Comparison

	2024	2023	Change
Revenue	$152,761,053	$155,521,982	0.0%
Expenses	$134,960,317	$119,011,760	+0.1%
Net Income	$17,800,736	$36,510,222	-0.5%

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

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

$7,781,751

Total Directors

$4,330,471

Key Employees

$521,075

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL THOMPSON	EVP/CFO	18.0	Officer Director	$525,012	$24,121	$1,205,996
JOHN ARNOLD	PRESIDENT/CEO	20.0	Officer Director	$1,418,864	$24,121	$2,866,475
CHRISTOPHER SIMMONS	DIRECTOR	1.0	Director	$72,000	$0	$72,000
ROBERT ROSENBAUM	DIRECTOR	1.0	Director	$82,000	$0	$114,000
STEPHEN CLARK	DIRECTOR	1.0	Director	$72,000	$0	$72,000
BARBARA THOMAS	CHIEF OPERATIONS OFFICER	16.0	Officer	$487,320	$33,003	$1,389,075
ERIC STEWART	CHIEF ACCOUNTING OFFICER	40.0	Officer	$305,281	$75,932	$381,213
EVA CHAMPION	CHIEF HUMAN RESOURCES OFFICER (THRU 01/2024)	4.0	Officer	$6,091	$517	$27,163
JEFF GIBBS	CHIEF INFORMATION OFFICER	4.0	Officer	$62,020	$41,371	$621,741
JOSEPH LITTLETON	CHIEF INFORMATION SECURITY OFFICER	19.2	Officer	$108,638	$41,539	$266,550
MICHAEL O'DONNELL	EXECUTIVE VICE PRESIDENT	16.0	Officer	$324,220	$18,787	$842,006
VICKI WEAVER	CHIEF HUMAN RESOURCES OFFICER (AS OF 03/2024)	4.0	Officer	$16,625	$14,668	$181,532
BRENT STARLING	MANAGING DIRECTOR	40.0	Key Emp	$215,356	$69,399	$284,755
JASON BOLIN	CONTROLLER	40.0	Key Emp	$189,439	$46,881	$236,320
CHRISTOPHER KIRK	ACCOUNTING MANAGER	40.0	Highest	$106,165	$30,183	$136,348
DAVID BURGETT	SYSTEMS ENGINEER	8.0	Highest	$34,479	$35,679	$205,738
MELISSA MARKIS	AVP SERVICER COMPLIANCE	20.0	Highest	$57,797	$39,687	$154,827
STEVEN FISHER	SYSTEMS ADMIN	10.0	Highest	$38,227	$9,859	$157,278
WILLIAM LEROY TAYLOR	SYSTEMS ENGINEER	8.0	Highest	$32,641	$11,939	$172,911

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	$152,761,053	$134,960,317	$2,031,275,123	$17,800,736
2023	$155,521,982	$119,011,760	$2,155,671,295	$36,510,222
2022	$139,396,971	$102,869,647	$2,133,641,824	$36,527,324
2021	$227,234,757	$79,925,696	$2,281,627,256	$147,309,061
2020	$88,334,723	$73,118,374	$1,761,111,663	$15,216,349
2018	$113,365,042	$91,502,267	$2,081,006,108	$21,862,775

EDUCATION LOAN FINANCE INC