JAMAICA PLAIN, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PROJECT ON PREDATORY STUDENT LENDING, founded in 2022, is a community nonprofit in the Civil Rights & Advocacy sector that reported $5.9M in total revenue in fiscal year 2024. Revenue surged 171% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.4M, a strong 57% operating margin.
PPSL'S MISSION IS TO USE LITIGATION AND ADVOCACY TO ELIMINATE PREDATORY PRACTICES IN HIGHER EDUCATION, AND TO RELIEVE CURRENT AND FUTURE BORROWERS FROM FRAUDULENT STUDENT LOAN DEBT.
THE PROJECT ON PREDATORY STUDENT LENDING (PPSL) IS THE LEADING LEGAL NON-PROFIT ORGANIZATION REPRESENTING STUDENTS AGAINST PREDATORY COLLEGES AND LENDERS. PPSL'S UNIQUE MODEL OF IMPACT LITIGATION AND...
THE PROJECT ON PREDATORY STUDENT LENDING (PPSL) IS THE LEADING LEGAL NON-PROFIT ORGANIZATION REPRESENTING STUDENTS AGAINST PREDATORY COLLEGES AND LENDERS. PPSL'S UNIQUE MODEL OF IMPACT LITIGATION AND ADVOCACY DELIVERS RESULTS FOR DEFRAUDED STUDENTS AND DEMANDS SIGNIFICANT ACCOUNTABILITY AND BETTER OUTCOMES FOR STUDENT BORROWERS IN THE HIGHER EDUCATION SYSTEM.PPSL'S LANDMARK LEGAL VICTORIES ON BEHALF OF MORE THAN TWO MILLION STUDENT BORROWERS ACROSS THE NATION HAVE EXPOSED PREDATORY PRACTICES, HELD THE DEPARTMENT OF EDUCATION AND OTHER INSTITUTIONS ACCOUNTABLE TO THE LAW, AND INFLUENCED THE DIRECTION OF HIGHER EDUCATION POLICY.PPSL'S TRACK RECORD DEMONSTRATES THE IMPORTANCE OF BOLD, STRATEGIC LITIGATION AS AN INTERVENTION IN THE HIGHER EDUCATION SPACE. PPSL ENSURES THAT BORROWERS WILL BE SET FREE FROM FRAUDULENT STUDENT LOAN DEBT. OUR CASES ARE DESIGNED TO ESTABLISH LANDSCAPE-CHANGING PRECEDENT, WIN MEANINGFUL DEBT CANCELLATION, AND ORGANIZE BORROWERS AS IMPORTANT STAKEHOLDERS IN POLICY DEBATES ABOUT HIGHER EDUCATION. PPSL HOLDS THE GOVERNMENT ACCOUNTABLE FOR FAILED OVERSIGHT OF THE FEDERAL STUDENT LOAN PROGRAM. AS BORROWERS SUCCEED IN ENFORCING THEIR RIGHTS UNDER BORROWER DEFENSE, OUR LITIGATION WILL CONTINUE TO FOCUS ON HOLDING THE DEPARTMENT OF EDUCATION ACCOUNTABLE FOR GREEN LIGHTING SCHOOLS, PROGRAMS, AND PRACTICES THAT SHIFT AN UNACCEPTABLE AMOUNT OF RISK ONTO STUDENTS AND THEIR FAMILIES, AND TAXPAYERS AT LARGE. PPSL EXPOSES THE CORRUPTION AND FRAUD THAT IS RUNNING UP THE COST OF EDUCATION IN EVERY SECTOR. PPSL AIMS TO INCREASE THE PUBLIC'S UNDERSTANDING THAT PREDATORY BEHAVIORS IN EDUCATION ARE DRIVING UP THE COSTS OF EDUCATION AND THEY EXIST EVERYWHERE FROM FOR-PROFIT NURSING PROGRAMS TO ONLINE MASTER'S DEGREES AT BRAND NAME COLLEGES. PPSL PROMOTES ECONOMIC JUSTICE AND RACIAL EQUITY. STUDENT LOAN DEBT AND PREDATORY HIGHER EDUCATION PRACTICES DISPROPORTIONATELY AFFECT BLACK BORROWERS, PARTICULARLY BLACK WOMEN. PPSL IS COMMITTED TO BRINGING OUR MOST EFFECTIVE TOOLS TO BEAR IN ORDER TO END PREDATORY INCLUSION IN HIGHER EDUCATION.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $5,929,576 | $2,187,729 | +1.7% |
| Expenses | $2,578,698 | $1,921,151 | +0.3% |
| Net Income | $3,350,878 | $266,578 | +11.6% |
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 |
|---|---|---|---|---|---|---|
| YVETTE COLON | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| PERSIS YU | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| OLIVER ROTHSCHILD | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| EILEEN CONNOR | PRESIDENT | 40.00 |
Officer
|
$225,000 | $0 | $225,000 |
| MIKE FIRESTONE | BOARD CHAIR | 2.00 |
Officer
|
$0 | $0 | $0 |
| JENNIFER BENNETT | TREASURER | 2.00 |
Officer
|
$0 | $0 | $0 |
| MARGARET O'GRADY | CLERK | 2.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $5,929,576 | $2,578,698 | $5,020,146 | $3,350,878 |
| 2023 | $2,187,729 | $1,921,151 | $1,766,232 | $266,578 |
| 2022 | $2,131,137 | $791,368 | $1,399,250 | $1,339,769 |
Compare PROJECT ON PREDATORY STUDENT LENDING with other nonprofits in Massachusetts and across the country.