PANHANDLE-PLAINS STUDENT FINANCE CORPORATION (EIN 752059556) - 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

1985

Legal Domicile

Principal Officer

JIMMY PARKER

Phone

8063244100

Tax Period

2019-09-01 to 2020-01-31

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.

Mission

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.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $24,678

Investment Income $13,584

Other Revenue $0

TOTAL REVENUE $38,262

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $24,866

Other Expenses $38,843

TOTAL EXPENSES $38,843

Year-over-Year Comparison

	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%

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

N/A

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

$620,665

Total Directors

Key Employees

Highest Compensated

reported

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

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
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

PANHANDLE-PLAINS STUDENT FINANCE CORPORATION