North Texas Higher Education Authority Inc
82% goes to programs Strong reserves Growing revenue
North Texas Higher Education Authority Inc is a 501(c)(3) organization based in Arlington, Texas, registered in 1973, with $70,959,409 in FY2023 revenue. CharityIndex grades it A, and it directs about 82% of spending to programs.
4381 W Green Oaks Blvd Ste 200, Arlington, TX, 76016 EIN 23-7133739 Since 1973
Revenue (FY2023)
$71.0M
▲ 31.9% vs prior year
Education median: $200K
Expenses (FY2023)
$65.0M
Net assets
$247.3M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
B+Program efficiency40% of the rating82% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For North Texas Higher Education Authority Inc: 82% to programs earns a B+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating46 mo reserves · +8% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For North Texas Higher Education Authority Inc: 46 mo reserves · +8% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For North Texas Higher Education Authority Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For North Texas Higher Education Authority Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Acquire student loans and provide life of loan servicing of student loans at post secondary level.
Contact & location
- Address
- 4381 W Green Oaks Blvd Ste 200, Arlington, TX, 76016
- City
- Arlington
- State
- Texas
- Category
- Education
- Subcategory
- Student Services & Aid
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $22.4M (FY2013) to $71.0M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $826.8MNet assets $247.3M
Operating margin
8.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.1B
Total liabilities
$826.8M
Net assets
$247.3M
Salaries & benefits
$0
0% of expenses
Board members
6
6 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $70,959,409▲31.9% | $64,966,787▲40.9% | $247,330,705▲17.2% | $1,074,155,407▲24.0% | 990 |
| 2022 | $53,783,363▲99.3% | $46,105,600▲61.9% | $211,111,118▲4.3% | $866,196,017▼15.0% | 990 |
| 2021 | $26,983,231▲20.0% | $28,471,620▲63.1% | $202,372,070▼1.3% | $1,018,646,765▼6.7% | 990 |
| 2020 | $22,488,160▼23.0% | $17,456,354▼30.2% | $205,127,227▲2.4% | $1,091,893,573▲29.7% | 990 |
| 2019 | $29,194,235▼30.7% | $24,994,451▼31.2% | $200,269,297▲2.3% | $841,628,640▼11.7% | 990 |
| 2018 | $42,102,499▲25.0% | $36,353,756▲12.6% | $195,843,256▲3.3% | $953,487,779▼11.9% | 990 |
| 2017 | $33,685,610▲63.7% | $32,276,446▲79.6% | $189,614,529▲0.6% | $1,082,019,308▲48.1% | 990 |
| 2016 | $20,581,112▲2.1% | $17,967,923▲19.4% | $188,539,292▲1.3% | $730,606,591▼11.9% | 990 |
| 2015 | $20,151,637▲0.6% | $15,051,470▲7.3% | $186,072,780▲2.9% | $828,916,813▼11.0% | 990 |
| 2014 | $20,033,328▼10.7% | $14,031,138▼12.8% | $180,817,518▲3.4% | $931,620,456▼12.0% | 990 |
| 2013 | $22,423,762 | $16,095,609▼17.7% | $174,815,328▼0.9% | $1,058,166,211▼15.0% | 990 |
| 2012 | — | $19,558,899▼36.9% | $176,354,690▲3.4% | $1,244,609,863▼11.3% | 990 |
| 2011 | — | $31,000,391▲4.1% | $170,477,446▲0.3% | $1,402,969,988▼10.9% | 990 |
| 2010 | — | $29,774,919▼31.1% | $169,919,756▲2.8% | $1,574,835,675▼6.8% | 990 |
| 2009 | — | $43,222,037 | $165,325,232 | $1,690,552,281 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Amy Michie | Treasurer Secretary Board Member | 1 | — |
| David Petter | Board Member | 1 | — |
| Denise Dunn-trakshel | Controller Hesc | 1 | — |
| Governor Jackson | President Board Member | 1 | — |
| Gracie Riddick | Board Member | 1 | — |
| Jerry Mccullough | Vice President Board Member | 1 | — |
| Phillip Wambsganss | Executive Director Hesc | 1 | — |
| Tony Pompa | Board Member | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Higher Education Servicing Corporation | Program Administration & Servicing | $10,273,055 |
| Wilmington Trust | Trust Services | $1,316,887 |
| Norton Rose Fulbright Us LLP | Legal Services/bond Counsel | $830,480 |
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Frequently asked questions
- Is North Texas Higher Education Authority Inc a legitimate nonprofit?
- Yes. North Texas Higher Education Authority Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7133739, based in Arlington, Texas. Donations are tax-deductible.
- What is North Texas Higher Education Authority Inc's EIN?
- North Texas Higher Education Authority Inc's Employer Identification Number (EIN) is 23-7133739.
- How much revenue does North Texas Higher Education Authority Inc report?
- North Texas Higher Education Authority Inc reported $70,959,409 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of North Texas Higher Education Authority Inc's spending goes to programs?
- North Texas Higher Education Authority Inc spends about 82% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does North Texas Higher Education Authority Inc have?
- CharityIndex grades North Texas Higher Education Authority Inc A, based on program efficiency and fundraising cost.
- How much does North Texas Higher Education Authority Inc's highest-paid employee make?
- The highest reported compensation on North Texas Higher Education Authority Inc's latest Form 990 is $0, paid to Amy Michie (Treasurer Secretary Board Member).
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Data for North Texas Higher Education Authority Inc (EIN 23-7133739) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.