Education Loan Finance Inc
Knoxville, TN · EIN 62-1586836 · Education · Rank 3,756 by total revenue
Provides funding for postsecondary student loans and grants for scholarships through its subsidiary.
Money, Form 990 for tax year 2024
- Total revenue
- $152,761,053
- Total expenses
- $134,960,317
- Total assets
- $2,031,275,123
- Salary base (all salaries and wages)
- $4,987,633
- Salaries, other pay and benefits
- $5,636,431
- Employees
- 34
- Salary base per employee
- $146,695
"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 (14)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| John Arnold | PRESIDENT/CEO | Board, Officer | 20 | $2,866,475 |
| Barbara Thomas | CHIEF OPERATIONS OFFICER | Officer | 16 | $1,389,075 |
| Bill Thompson | EVP/CFO | Board, Officer | 18 | $1,205,996 |
| Michael O'Donnell | EXECUTIVE VICE PRESIDENT | Officer | 16 | $842,006 |
| Jeff Gibbs | CHIEF INFORMATION OFFICER | Officer | 4 | $621,741 |
| Eric Stewart | CHIEF ACCOUNTING OFFICER | Officer | 40 | $381,213 |
| Joseph Littleton | CHIEF INFORMATION SECURITY OFFICER | Officer | 19.2 | $266,550 |
| Vicki Weaver | CHIEF HUMAN RESOURCES OFFICER (AS OF 03/2024) | Officer | 4 | $181,532 |
| Eva Champion | CHIEF HUMAN RESOURCES OFFICER (THRU 01/2024) | Officer | 4 | $27,163 |
| Brent Starling | MANAGING DIRECTOR | Key employee | 40 | $284,755 |
| Jason Bolin | CONTROLLER | Key employee | 40 | $236,320 |
| Robert Rosenbaum | DIRECTOR | Board | 1 | $114,000 |
| Christopher Simmons | DIRECTOR | Board | 1 | $72,000 |
| Stephen Clark | DIRECTOR | Board | 1 | $72,000 |
Top 10 paid people listed
These 10 people received $8,299,869, which is 166.4% of the $4,987,633 salary base shared by 34 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| John Arnold | PRESIDENT/CEO | Board, Officer | 20 | $1,418,864 | $1,423,490 | $24,121 | $2,866,475 |
| Barbara Thomas | CHIEF OPERATIONS OFFICER | Officer | 16 | $487,320 | $868,752 | $33,003 | $1,389,075 |
| Bill Thompson | EVP/CFO | Board, Officer | 18 | $525,012 | $656,863 | $24,121 | $1,205,996 |
| Michael O'Donnell | EXECUTIVE VICE PRESIDENT | Officer | 16 | $324,220 | $498,999 | $18,787 | $842,006 |
| Jeff Gibbs | CHIEF INFORMATION OFFICER | Officer | 4 | $62,020 | $518,350 | $41,371 | $621,741 |
| Eric Stewart | CHIEF ACCOUNTING OFFICER | Officer | 40 | $305,281 | $0 | $75,932 | $381,213 |
| Brent Starling | MANAGING DIRECTOR | Key employee | 40 | $215,356 | $0 | $69,399 | $284,755 |
| Joseph Littleton | CHIEF INFORMATION SECURITY OFFICER | Officer | 19.2 | $108,638 | $116,373 | $41,539 | $266,550 |
| Jason Bolin | CONTROLLER | Key employee | 40 | $189,439 | $0 | $46,881 | $236,320 |
| David Burgett | SYSTEMS ENGINEER | Highly paid employee | 8 | $34,479 | $135,580 | $35,679 | $205,738 |
Sources
- IRS e-file return 202503159349303010 (Form 990, period ending 2024-12-31): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 62-1586836
- Organization website (as filed): https://corp.elfi.com