Texas Guaranteed Student Loan Corporation
65% goes to programs $0 to raise $100 Strong reserves Declining revenue
Texas Guaranteed Student Loan Corporation is a 501(c)(3) organization based in Round Rock, Texas, registered in 1980, with $98,509,390 in FY2023 revenue. CharityIndex grades it A, and it directs about 65% of spending to programs.
Po Box 83100, Round Rock, TX, 78683 EIN 74-2094204 Since 1980
Revenue (FY2023)
$98.5M
▲ 52.5% vs prior year
Public Benefit median: $140K
Expenses (FY2023)
$42.8M
Net assets
$263.4M
Employees
326
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating65% to programs · $0 to raise $100
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 Texas Guaranteed Student Loan Corporation: 65% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating74 mo reserves · +57% 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 Texas Guaranteed Student Loan Corporation: 74 mo reserves · +57% margin earns a B+ 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 Texas Guaranteed Student Loan Corporation: 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 Texas Guaranteed Student Loan Corporation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To develop and advance initiatives that grow individual economic mobility and expand community prosperity.
Contact & location
- Address
- Po Box 83100, Round Rock, TX, 78683
- City
- Round Rock
- State
- Texas
- Category
- Public & Societal Benefit
- Subcategory
- Financial Institutions
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $153.1M (FY2013) to $98.5M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $309.4MNet assets $263.4M
Operating margin
56.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$572.7M
Total liabilities
$309.4M
Net assets
$263.4M
Salaries & benefits
$24.0M
56% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $98,509,390▲52.5% | $42,795,642▲10.8% | $263,358,528▲38.5% | $572,736,931▲17.6% | 990 |
| 2022 | $64,584,806▼13.9% | $38,628,600▼81.8% | $190,210,477▲13.6% | $486,855,414▼1.5% | 990 |
| 2021 | $75,038,315▼43.2% | $212,423,732▲47.6% | $167,380,155▼55.1% | $494,410,449▼37.3% | 990 |
| 2020 | $132,060,049▲62.6% | $143,871,157▲193% | $372,787,984▲0.9% | $787,960,851▼5.6% | 990 |
| 2019 | $81,205,544▼22.8% | $49,063,662▲4.3% | $369,334,564▼50.7% | $834,850,759▲6.9% | 990 |
| 2018 | $105,235,381▼2.3% | $47,045,760▼9.8% | $749,113,603▲13.6% | $781,073,412▲12.0% | 990 |
| 2017 | $107,711,297▼11.0% | $52,180,427▼69.7% | $659,213,825▲8.3% | $697,614,088▼8.1% | 990 |
| 2016 | $120,994,289▼52.2% | $172,447,133▲179% | $608,732,208▼7.7% | $758,732,215▲8.2% | 990 |
| 2015 | $253,180,115▲63.1% | $61,749,185▼13.2% | $659,373,103▲44.6% | $701,487,433▲10.9% | 990 |
| 2014 | $155,207,147▲1.4% | $71,117,581▼27.1% | $456,001,325▲21.6% | $632,613,846▲8.8% | 990 |
| 2013 | $153,137,942 | $97,563,560▼74.1% | $375,010,597▲15.7% | $581,327,226▲5.5% | 990 |
| 2012 | — | $376,005,403▲127% | $324,146,227▼41.9% | $551,186,743▼34.3% | 990 |
| 2011 | — | $165,940,085▲41.2% | $558,361,991▲16.7% | $839,348,071▲0.5% | 990 |
| 2010 | — | $117,521,556▼44.2% | $478,532,946▲3.3% | $835,486,221▼1.3% | 990 |
| 2009 | — | $210,793,435 | $463,067,703 | $846,128,246 | 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)
Highest-paid: Chromy Debra J — $642,581 (1.50% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Chromy Debra J | President/ceo | 40 | $642,581 |
| Fournier Timothy J | Chief Operating Officer | 40 | $574,975 |
| Schwanke David Scott | Chief Financial Officer | 40 | $378,507 |
| Ashton Bryan M | Chief Strategy and Growth Officer | 40 | $335,559 |
| Zimmerman James E | Vp, Information Technology | 40 | $289,875 |
| High Susan G | Vp, Operations | 40 | $256,612 |
| Hackleman Linda S | Vp, Human Resources | 40 | $250,199 |
| Sweeney Jason M | Director - Sales and Marketing | 40 | $247,636 |
| Padaki Chandrika Murali | Interim Vp, Information Technology | 40 | $206,173 |
| Webster Jeffrey James | Director, Research | 40 | $204,558 |
| Asher Rhonda A | Controller | 40 | $203,905 |
| Dickenson Gregory H | General Counsel | 40 | $203,343 |
| Rambikur Sara T | Director, Corporate Governance and Compliance | 40 | $198,489 |
| Smith Steven Ray | Director - Higher Education Services | 40 | $195,550 |
| Rhodes Richard | Board Member | 4 | $58,096 |
| Johnson Renard | Board Member | 4 | $48,414 |
| Batts Yvonne | Board Member | 4 | $45,169 |
| Escudero Edward | Board Member | 4 | $45,169 |
| Verde Dora Ann | Board Member | 4 | $45,169 |
| Andarza Ivan | Board Member | 4 | $38,731 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Kpmg LLP | Audit/tax Services | $599,219 |
| Hcm Strategies LLC | Professional/consulting Services | $425,000 |
| Vullings Law Group LLC | Legal Services | $182,500 |
| Mongoose Research Inc | Texting Services | $182,023 |
| Oracle America - Netsuite | Cloud Services | $153,299 |
Grants received · $1.1M total
1 grant to Texas Guaranteed Student Loan Corporation totaling $1.1M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Educational Credit Management Corporation | Fafsa student support | 2024 | $1,055,450 |
Grants made · $10.1M in FY2023
7 grants totaling $10.1M in FY2023. All grants made by Texas Guaranteed Student Loan Corporation →
| Recipient | Purpose | Amount |
|---|---|---|
| Trellis Foundation | General support | $10,000,000 |
| Paso Del Norte Community Foundation | General support | $10,000 |
| Alamo Colleges Foundation Inc | General support | $10,000 |
| Texas Tech Foundation Inc | General support | $10,000 |
| Mcmurry University | General support | $10,000 |
| Borderland Research Foundation | General support | $10,000 |
| Texas A&m University - Centraltexas Foundation | General support | $10,000 |
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Compare Texas Guaranteed Student Loan Corporation
Frequently asked questions
- Is Texas Guaranteed Student Loan Corporation a legitimate nonprofit?
- Yes. Texas Guaranteed Student Loan Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 74-2094204, based in Round Rock, Texas. Donations are tax-deductible.
- What is Texas Guaranteed Student Loan Corporation's EIN?
- Texas Guaranteed Student Loan Corporation's Employer Identification Number (EIN) is 74-2094204.
- How much revenue does Texas Guaranteed Student Loan Corporation report?
- Texas Guaranteed Student Loan Corporation reported $98,509,390 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Texas Guaranteed Student Loan Corporation's spending goes to programs?
- Texas Guaranteed Student Loan Corporation spends about 65% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Texas Guaranteed Student Loan Corporation have?
- CharityIndex grades Texas Guaranteed Student Loan Corporation A, based on program efficiency and fundraising cost.
- How much does Texas Guaranteed Student Loan Corporation's highest-paid employee make?
- The highest reported compensation on Texas Guaranteed Student Loan Corporation's latest Form 990 is $642,581, paid to Chromy Debra J (President/ceo).
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Data for Texas Guaranteed Student Loan Corporation (EIN 74-2094204) 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.