CANYON, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PANHANDLE-PLAINS STUDENT FINANCE CORPORATION, founded in 1985, is a micro nonprofit that reported $38K in total revenue in fiscal year 2019. Revenue fell 98% from the prior year — a significant decline worth monitoring.
PROVIDING FUNDS FOR THE PURCHASE OF STUDENT LOANS AT THE POST-SECONDARY LEVEL, AND TO PROVIDE PROCEDURES FOR THE SERVICING OF SUCH LOANS AS REQUIRED FOR CONTINUED PARTICIPATION IN THE FEDERAL FAMILY EDUCATION LOAN PROGRAM UNDER THE HIGHER EDUCATION ACT OF 1965.
UP UNTIL THE TIME OF THE CORPORATION'S MERGER DATE EFFECTIVE AUGUST 31, 2019, THE CORPORATION PROVIDED FUNDS FOR THE PURCHASE OF STUDENT LOANS (BOTH FFELP STUDENT LOANS AND ALTERNATIVE STUDENT LOANS)...
UP UNTIL THE TIME OF THE CORPORATION'S MERGER DATE EFFECTIVE AUGUST 31, 2019, THE CORPORATION PROVIDED FUNDS FOR THE PURCHASE OF STUDENT LOANS (BOTH FFELP STUDENT LOANS AND ALTERNATIVE STUDENT LOANS) AT THE POST- SECONDARY LEVEL, AND PROVIDED PROCEDURES FOR THE SERVICING OF SUCH LOANS AS REQUIRED FOR CONTINUED PARTICIPATION IN THE FEDERAL FAMILY EDUCATION LOAN PROGRAM UNDER THE HIGHER EDUCATION ACT OF 1965.
UP UNTIL THE TIME OF THE CORPORATION'S MERGER DATE EFFECTIVE AUGUST 31, 2019, UNDER ITS CONTRACT WITH MOHELA (AN INDEPENDENT STUDENT LOAN SERVICER AND ALSO AN OFFICIAL U.S. DEPARTMENT OF EDUCATION...
UP UNTIL THE TIME OF THE CORPORATION'S MERGER DATE EFFECTIVE AUGUST 31, 2019, UNDER ITS CONTRACT WITH MOHELA (AN INDEPENDENT STUDENT LOAN SERVICER AND ALSO AN OFFICIAL U.S. DEPARTMENT OF EDUCATION SERVICING CONTRACTOR) SERVED AS AN ELIGIBLE NOT-FOR-PROFIT (NFP) SERVICER PURSUANT TO FEDERAL STUDENT AID'S (FSA) SOLICITATION (NFP-RFP-2010) AND MOHELA'S CONTRACT WITH FSA.
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)| 2019 | 2018 | Change | |
|---|---|---|---|
| Revenue | $38,262 | $2,383,673 | -1.0% |
| Expenses | $38,843 | $3,768,144 | -1.0% |
| Net Income | $-581 | $-1,384,471 | -1.0% |
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 |
|---|---|---|---|---|---|---|
| JIMMY PARKER | EXECUTIVE DI | 5.00 |
Officer
|
$0 | $32,220 | $236,701 |
| JOHN WRIGHT | SENIOR VICE | 10.00 |
Officer
|
$0 | $45,438 | $220,738 |
| ZACH BELL | CFO | 5.00 |
Officer
|
$0 | $31,140 | $163,226 |
| COURTNEY ADAMS | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| QUINN ALEXANDER | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JAN BENTON | PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| BEVERLY COTTINGHAM | VICE PRESIDE | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANN DUNCAN | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| BILL FORBES | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| PAUL K HENDERSON | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2020 | $38,262 | $38,843 | No data | $-581 |
| 2019 | $2,383,673 | $3,768,144 | $18,089,708 | $-1,384,471 |
| 2018 | $2,956,910 | $3,912,379 | $53,681,361 | $-955,469 |
Compare PANHANDLE-PLAINS STUDENT FINANCE CORPORATION with other nonprofits in Texas and across the country.