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Organizations Education Education Loan Finance Inc.

Education Loan Finance Inc.

Fiscal year ending 2024. Filed on November 11, 2025.

12700 Kingston Pike
Knoxville, Tennessee 37934

Education Loan Finance Inc. (EIN: 62-1586836) has filed an IRS Form 990 between fiscal years 2016 and 2024. In its fiscal year 2024 IRS Form 990 filing, Education Loan Finance Inc., a 501(c)(3) charitable organization, reported compensation for 19 out of 34 total employees. Among the employees shown here, the average compensation is $494,101. The highest compensated employee at Education Loan Finance Inc. is John Arnold with fiscal year 2024 compensation of $2,866,475. Education Loan Finance Inc. changed its name from Educational Services of America Inc. in 2020.

Revenue, expenses, and employee compensation

Revenue

$152,761,053

Expenses

$134,960,317

Employee compensation

$5,636,431
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

John Arnold
President and Chief Executive Officer
$2,866,475
$1,418,864 $1,423,490 $24,121
Barbara Thomas
Chief Operating Officer
$1,389,075
$487,320 $868,752 $33,003
Bill Thompson
Executive Vice President and Chief Financial Officer
$1,205,996
$525,012 $656,863 $24,121
Michael O'Donnell
Executive Vice President
$842,006
$324,220 $498,999 $18,787
Jeff Gibbs
Chief Information Officer
$621,741
$62,020 $518,350 $41,371
Eric Stewart
Chief Accounting Officer
$381,213
$305,281 No related comp$75,932
Brent Starling
Managing Director
$284,755
$215,356 No related comp$69,399
Joseph Littleton
Chief Information Security Officer
$266,550
$108,638 $116,373 $41,539
Jason Bolin
Controller
$236,320
$189,439 No related comp$46,881
David Burgett
Systems Engineer
$205,738
$34,479 $135,580 $35,679
Vicki Weaver
Chief Human Resources Officer (AS of 03/2024)
$181,532
$16,625 $150,239 $14,668
William Leroy Taylor
Systems Engineer
$172,911
$32,641 $128,331 $11,939

Benchmark Employee Compensation

Non-Employee Board Members

No board members were reported during this fiscal year.

Contractors

American Education Services
Loan Servicing
$2,138,993
Tavant
Software Develop./Licensing
$1,157,520
Bank of America
Banking/Financial
$1,146,825
Bdo USA
Audit/Tax Prep
$778,324
Citigroup
Banking/Financial
$660,480

Mission Statement

PROVIDES FUNDING FOR POSTSECONDARY STUDENT LOANS AND GRANTS FOR SCHOLARSHIPS THROUGH ITS SUBSIDIARY.

Revisions to this organization profile

November 11, 2025:
2024 Education Loan Finance Inc. 990 filed
November 8, 2024:
2023 Education Loan Finance Inc. 990 filed
November 6, 2023:
2022 Education Loan Finance Inc. 990 filed

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