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Organizations Education Education Loan Finance Inc.

Education Loan Finance Inc.

Fiscal year ending 2023. Filed on November 8, 2024.

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 2023 IRS Form 990 filing, Education Loan Finance Inc., a 501(c)(3) charitable organization, reported compensation for 18 out of 33 total employees. Among the employees shown here, the average compensation is $464,197. The highest compensated employee at Education Loan Finance Inc. is John Arnold with fiscal year 2023 compensation of $2,633,440. Education Loan Finance Inc. changed its name from Educational Services of America Inc. in 2020.

Revenue, expenses, and employee compensation

Revenue

$155,521,982

Expenses

$119,011,760

Employee compensation

$5,517,798
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

John Arnold
President and Chief Executive Officer
$2,633,440
$1,322,153 $1,308,759 $2,528
Barbara Thomas
Chief Operating Officer
$1,376,028
$401,907 $966,163 $7,958
Bill Thompson
Executive Vice President and Chief Financial Officer
$1,048,330
$461,829 $583,973 $2,528
Michael O'Donnell
Executive Vice President
$763,008
$298,750 $461,730 $2,528
Jeff Gibbs
Chief Information Officer
$559,646
$58,865 $481,778 $19,003
Eric Stewart
Chief Accounting Officer
$321,221
$303,870 No related comp$17,351
Brent Starling
Managing Director
$212,565
$200,037 No related comp$12,528
Joseph Littleton
Chief Info. Security Officer
$207,571
$95,334 $101,274 $10,963
Eva Champion
Chief Human Resources Officer
$197,441
$20,199 $169,063 $8,179
Jason Bolin
Controller
$185,810
$175,622 No related comp$10,188
David Burgett
Systems Engineer
$168,433
$32,741 $126,272 $9,420
William Leroy Taylor
Systems Admin
$160,533
$30,717 $120,747 $9,069

Benchmark Employee Compensation

Non-Employee Board Members

Dwight Kessel
Director
$31,500
$31,500 No related compNo other comp
Thomas Schumpert
Director
$31,500
$31,500 No related compNo other comp

Contractors

American Education Services
Loan Servicing
$3,059,296
Citigroup
Banking/Financial
$1,089,068
Tavant
Software Development
$1,013,977
Bdo USA
Audit/Tax Prep
$934,858
Bright Futures Financial
Loan Conso.
$920,941

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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