PROVIDES FUNDING FOR POSTSECONDARY STUDENT LOANS AND GRANTS FOR SCHOLARSHIPS THROUGH ITS SUBSIDIARY.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.0B
-5.8% YoY
Revenue
$152.8M
-1.8% YoY
Net Investment Income
$21.5M
-12.1% YoY
Expenses
$135.0M
+13.4% YoY
About Education Loan Finance Inc
Based on IRS filings
Education Loan Finance Inc is a nonprofit organization focused on Education, based in KNOXVILLE, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.0B in total assets. Net investment income was $21.5M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,031,275,123 | $2,155,671,295 | $2,133,641,824 |
| Revenue | $152,761,053 | $155,521,982 | $139,396,971 |
| Expenses | $134,960,317 | $119,011,760 | $102,869,647 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $21,528,794 | $24,497,577 | $19,194,655 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BILL THOMPSON | EVP/CFO | 18 | $525,012 |
| JOHN ARNOLD | PRESIDENT/CEO | 20 | $1,418,864 |
| CHRISTOPHER SIMMONS | DIRECTOR | 1 | $72,000 |
| ROBERT ROSENBAUM | DIRECTOR | 1 | $82,000 |
| STEPHEN CLARK | DIRECTOR | 1 | $72,000 |
| BARBARA THOMAS | CHIEF OPERATIONS OFFICER | 16 | $487,320 |
| ERIC STEWART | CHIEF ACCOUNTING OFFICER | 40 | $305,281 |
| EVA CHAMPION | CHIEF HUMAN RESOURCES OFFICER (THRU 01/2024) | 4 | $6,091 |
| JEFF GIBBS | CHIEF INFORMATION OFFICER | 4 | $62,020 |
| JOSEPH LITTLETON | CHIEF INFORMATION SECURITY OFFICER | 19.2 | $108,638 |
| MICHAEL O'DONNELL | EXECUTIVE VICE PRESIDENT | 16 | $324,220 |
| VICKI WEAVER | CHIEF HUMAN RESOURCES OFFICER (AS OF 03/2024) | 4 | $16,625 |
| BRENT STARLING | MANAGING DIRECTOR | 40 | $215,356 |
| JASON BOLIN | CONTROLLER | 40 | $189,439 |
| CHRISTOPHER KIRK | ACCOUNTING MANAGER | 40 | $106,165 |
| DAVID BURGETT | SYSTEMS ENGINEER | 8 | $34,479 |
| MELISSA MARKIS | AVP SERVICER COMPLIANCE | 20 | $57,797 |
| STEVEN FISHER | SYSTEMS ADMIN | 10 | $38,227 |
| WILLIAM LEROY TAYLOR | SYSTEMS ENGINEER | 8 | $32,641 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Education Loan Finance Inc?
Education Loan Finance Inc is a nonprofit organization focused on Education, based in KNOXVILLE, TN. It holds $2.0B in total assets as of 2024.
How large is Education Loan Finance Inc?
As of 2024, Education Loan Finance Inc holds $2.0B in total assets with $152.8M in annual revenue.
Where does Education Loan Finance Inc operate?
Education Loan Finance Inc has awarded grants in Tennessee.
What is Education Loan Finance Inc's EIN?
Education Loan Finance Inc's EIN (Employer Identification Number) is 62-1586836. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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