Iowa Student Loan Liquidity Corporation
West Des Moines, IA · EIN 42-1137531 · Education · Rank 5,407 by total revenue
To help iowa students and families obtain the resources necessary to succeed in postsecondary education.
Money, Form 990 for tax year 2024
- Total revenue
- $100,112,915
- Total expenses
- $95,497,550
- Total assets
- $1,556,680,786
- Salary base (all salaries and wages)
- $9,458,360
- Salaries, other pay and benefits
- $11,943,500
- Employees
- 86
- Salary base per employee
- $109,981
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (17)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Steve McCullough | PRESIDENT AND CEO | Officer | 40 | $518,393 |
| Erin Lacey | EVP AND TREASURER | Officer | 40 | $360,304 |
| Cindy Bartz | CIO, PROJ MGMT SVP, & SECR | Officer | 40 | $339,524 |
| Ron Foresman | ACCOUNTING & RISK MGMT VP | Key employee | 40 | $297,962 |
| Jen Hempel | COMPL & COMMUNICATIONS VP | Key employee | 40 | $169,753 |
| Greg Nichols | SR. PUB AFFAIRS & COMM REL VP | Key employee | 40 | $157,429 |
| Christine Hensley | BOARD CHAIRPERSON | Board | 1 | $22,346 |
| Daniel Clute | BOARD MEMBER | Board | 1 | $15,288 |
| Scott Schneidermann | BOARD VICE CHAIRPERSON | Board | 1 | $15,197 |
| Adam Voigts | BOARD MEMBER | Board | 1 | $13,100 |
| Nancy Dunkel | BOARD MEMBER | Board | 1 | $12,170 |
| Suzette Radke | BOARD MEMBER | Board | 1 | $11,710 |
| Julie Pingel | BOARD MEMBER | Board | 1 | $11,284 |
| Juan Garcia | BOARD MEMBER | Board | 1 | $11,267 |
| Rob Denson | BOARD MEMBER | Board | 1 | $10,834 |
| Marcia Rogers | BOARD MEMBER | Board | 1 | $10,790 |
| Jim Schipper | BOARD MEMBER | Board | 1 | $9,947 |
Top 10 paid people listed
These 10 people received $2,697,128, which is 28.5% of the $9,458,360 salary base shared by 86 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Steve McCullough | PRESIDENT AND CEO | Officer | 40 | $458,497 | $0 | $59,896 | $518,393 |
| Erin Lacey | EVP AND TREASURER | Officer | 40 | $313,195 | $0 | $47,109 | $360,304 |
| Cindy Bartz | CIO, PROJ MGMT SVP, & SECR | Officer | 40 | $285,575 | $0 | $53,949 | $339,524 |
| Ron Foresman | ACCOUNTING & RISK MGMT VP | Key employee | 40 | $254,698 | $0 | $43,264 | $297,962 |
| Marc Hendel | SR. RESEARCHER & DATA MGR | Highly paid employee | 40 | $178,553 | $0 | $43,126 | $221,679 |
| Chad Winter | INFORMATION TECHNOLOGY MGR | Highly paid employee | 40 | $176,478 | $0 | $31,195 | $207,673 |
| Marsha Boender | DIR, LENDER & SCHOOL SERV | Highly paid employee | 40 | $174,997 | $0 | $28,276 | $203,273 |
| Kory Michael | TECH SERV & OPERATION MGR | Highly paid employee | 40 | $174,457 | $0 | $25,545 | $200,002 |
| Shawn J Smith | LEAD DATABASE ADMINISTRATOR | Highly paid employee | 40 | $160,838 | $0 | $17,727 | $178,565 |
| Jen Hempel | COMPL & COMMUNICATIONS VP | Key employee | 40 | $152,162 | $0 | $17,591 | $169,753 |
Sources
- IRS e-file return 202641359349310834 (Form 990, period ending 2025-06-30): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 42-1137531
- Organization website (as filed): www.studentloan.org