PROJECT ON PREDATORY STUDENT LENDING (EIN 874582545) - 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

2022

Legal Domicile

Principal Officer

EILEEN CONNOR

Phone

6173902669

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

THE PROJECT ON PREDATORY STUDENT LENDING 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.

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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 $2,319,882

Program Service Revenue $3,443,223

Investment Income $165,864

Other Revenue $607

TOTAL REVENUE $5,929,576

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,935,360

Fundraising Expenses $64,715

Program Expenses $2,073,238

Other Expenses $643,338

TOTAL EXPENSES $2,578,698

Year-over-Year Comparison

	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%

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

$225,000

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

PROJECT ON PREDATORY STUDENT LENDING