Federated Student Finance Corporation

EIN: 742536239 501(c)(3)

Waco, TX

Total Revenue
$2,125,884
Total Expenses
$1,552,265
Total Assets
N/A
Net Assets
N/A
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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
1989
Legal Domicile
TX
Phone
2547530915
Tax Period
2023-07-01 to 2024-05-31

Federated Student Finance Corporation, founded in 1989, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $574K, a strong 27% operating margin.

Mission

FEDERATED STUDENT FINANCE CORPORATION MISSION IS TO MAKE EDUCATION A REALITY BY SUPPORTING PROGRAMS AND INITIATIVES TO FINANCE EDUCATIONAL OPPORTUNITIES.

Program Service Accomplishments

Program 1
Expenses: $1,552,265 Revenue: $2,021,613

FEDERATED STUDENT FINANCE CORPORATION HELD STUDENT LOANS UNDER THE TITLE IV FAMILY EDUCATION LOAN PROGRAM (FFELP). THESE LOANS WERE FUNDED THROUGH PERMANENT FINANCINGS.

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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 $2,021,613
Investment Income $104,271
Other Revenue $0
TOTAL REVENUE $2,125,884

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,552,265
Other Expenses $1,552,265
TOTAL EXPENSES $1,552,265

Year-over-Year Comparison

2023 2022 Change
Revenue $2,125,884 $2,402,158 -0.1%
Expenses $1,552,265 $1,856,069 -0.2%
Net Income $573,619 $546,089 +0.1%
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

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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
7
Independent Members
7
Employees
N/A
Volunteers
7

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
6
$2,748,891
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CLAUDE ERVIN DIRECTOR 1.0
Director
$0 $0 $0
DR CHARLES STAN MADDEN DIRECTOR 1.0
Director
$0 $0 $0
GRETA WATSON DIRECTOR 1.0
Director
$0 $0 $0
LARRY SMITH DIRECTOR 1.0
Director
$0 $0 $0
PETER KULTGEN DIRECTOR 1.0
Director
$0 $0 $0
ROBERT B CHAMBERS DIRECTOR 1.0
Director
$0 $0 $0
STEVE BOSTICK DIRECTOR 1.0
Director
$0 $0 $0
DARRELL BROOKS TREASURER 1.0
Officer
$0 $62,199 $281,440
KELLI UTTECH EVP/GENERAL COUNSEL 1.0
Officer
$0 $78,893 $477,562
RICKY TURMAN EVP/CFO/COO 1.0
Officer
$0 $94,644 $715,480
TAMMY HARRALSON VP/CONTROLLER 1.0
Officer
$0 $67,073 $313,420
THOMAS 'BEN' LITLE PRESIDENT/CEO 1.0
Officer
$0 $79,508 $828,855
TIFFANY JONES SECRETARY 1.0
Officer
$0 $29,339 $132,134
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 $2,125,884 $1,552,265 No data $573,619
2023 $2,402,158 $1,856,069 $33,005,375 $546,089
2022 $1,359,815 $1,212,547 $41,261,167 $147,268
2021 $1,443,709 $1,315,085 $47,968,470 $128,624
2020 $2,348,824 $2,188,486 $53,264,889 $160,338
2019 $3,005,345 $2,830,237 $59,387,835 $175,108
2018 $2,894,796 $2,693,048 $67,676,955 $201,748
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