NORTHWEST EDUCATION LOAN ASSOCIATION

EIN: 911068278 501(c)(3)

MADISON, WI

Total Revenue
$13,172,642
Total Expenses
$10,071,366
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
WA
Principal Officer
RICHARD GEORGE
Phone
6087332500
Tax Period
2018-01-01 to 2018-12-31

NORTHWEST EDUCATION LOAN ASSOCIATION, founded in 1978, is a mid-sized nonprofit that reported $13.2M in total revenue in fiscal year 2018. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $3.1M, a strong 24% operating margin.

Mission

NELA'S MISSION IS TO ENHANCE POST-SECONDARY EDUCATION PREPAREDNESS, ACCESS AND SUCCESS BY PROVIDING AND SUPPORTING FINANCIAL AND OTHER VALUED SERVICES.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $13,127,403
Investment Income $45,179
Other Revenue $60
TOTAL REVENUE $13,172,642

Expense Breakdown

Grants Paid $3,046,567
Salaries & Benefits $24,183
Fundraising Expenses $0
Program Expenses $8,634,077
Other Expenses $7,000,616
TOTAL EXPENSES $10,071,366

Year-over-Year Comparison

2018 2017 Change
Revenue $13,172,642 $15,283,320 -0.1%
Expenses $10,071,366 $14,398,162 -0.3%
Net Income $3,101,276 $885,158 +2.5%
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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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
6
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
6
$2,124,187
Total Directors
7
$976,080
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mary Burke 1 Director 1.0
Director
$3,550 $0 $17,750
Linda Hoeschler 1 Director 1.0
Director
$5,917 $0 $17,750
David J Hanson 1 Director/Secretary 1.0
Director
$0 $0 $0
Alex Pollack 1 Director 1.0
Director
$5,917 $0 $17,750
Joan Prince 1 Director 1.0
Director
$5,250 $0 $15,750
Richard A Weiss 1 Director 1.0
Director
$3,550 $0 $17,750
Richard D George 23 Chair/Pres/CEO/Treas 1.0
Officer Director
$0 $43,243 $889,330
Rebecca Rapp 3 Gen Cnsl & Asst Secretary 1.0
Officer
$0 $36,782 $299,535
Jeffery Crosby 3 Chief Operating Officer 1.0
Officer
$0 $0 $0
Jacqueline Fairbairn 3 VP - Policy / Regl Compliance 1.0
Officer
$0 $53,719 $323,508
Amy Kobishop 3 VP - Community Investments 1.0
Officer
$0 $29,286 $298,762
Beth Erickson 3 VP - Repayment Solutions 2.0
Officer
$0 $37,688 $313,052
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
2018 $13,172,642 $10,071,366 No data $3,101,276
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