Iowa Student Loan Liquidity Corporation
Iowa Student Loan Liquidity Corporation reported $100.1 million in revenue and $95.5 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $95.00 went to program services, $5.00 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 89.7% of the total. The highest compensation it reported for one person was $518,393 (PRESIDENT AND CEO). 44 people received more than $100,000 in reportable compensation. Revenue rose 54% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $95MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $100MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 95.0% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 5.0% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 89.7% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $518,393 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.54% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 44 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 63.4 | 13.3 |
| Independent voting board members Part VI 1a–1b | 1 of 11 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseIowa Student Loan Liquidity corporation provides funds for the acquisition and servicing of student loans under the U.S. Higher education act of 1965, as amended, and other non-higher education act Student Loan programs. As of june 30, 2025, the corporation owned and serviced loans totaling 158,861 with an outstanding balance of $$1,387,247,879
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT AND CEO Officer, 40.00 hrs/week | $458,497 | $0 | $59,896 | $518,393 |
| EVP AND TREASURER Officer, 40.00 hrs/week | $313,195 | $0 | $47,109 | $360,304 |
| CIO, PROJ MGMT SVP, & SECR Officer, 40.00 hrs/week | $285,575 | $0 | $53,949 | $339,524 |
| ACCOUNTING & RISK MGMT VP Key employee, 40.00 hrs/week | $254,698 | $0 | $43,264 | $297,962 |
| SR. RESEARCHER & DATA MGR Highest compensated employee, 40.00 hrs/week | $178,553 | $0 | $43,126 | $221,679 |
| INFORMATION TECHNOLOGY MGR Highest compensated employee, 40.00 hrs/week | $176,478 | $0 | $31,195 | $207,673 |
| DIR, LENDER & SCHOOL SERV Highest compensated employee, 40.00 hrs/week | $174,997 | $0 | $28,276 | $203,273 |
| TECH SERV & OPERATION MGR Highest compensated employee, 40.00 hrs/week | $174,457 | $0 | $25,545 | $200,002 |
44 people received more than $100,000 in reportable compensation from Iowa Student Loan Liquidity Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.6M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b11 · 1 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 586
Correct a figure or respond
Every number above is copied from Iowa Student Loan Liquidity Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Iowa Student Loan Liquidity Corporation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Iowa Student Loan Liquidity Corporation spent in FY2025, $95.00 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of Iowa Student Loan Liquidity Corporation's spending goes to programs?
In the fiscal year ending June 30, 2025, Iowa Student Loan Liquidity Corporation reported that 95.0% of its $95.5 million in expenses went to program services, 5.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Iowa Student Loan Liquidity Corporation pay its top executive?
The largest total compensation Iowa Student Loan Liquidity Corporation reported for one person in the fiscal year ending June 30, 2025 was $518,393, for the role of PRESIDENT AND CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Iowa Student Loan Liquidity Corporation get its money?
Of $100.1 million in revenue in the fiscal year ending June 30, 2025, 0.0% came from contributions and grants and 89.7% from program service revenue (Form 990, Part VIII).
Is Iowa Student Loan Liquidity Corporation a registered charity?
The IRS lists EIN 42-1137531 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202641359349310834 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531349349305753 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202421359349311662 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331359349306288 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202201309349305010 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202101119349301205 · read the filing
All filings for EIN 42-1137531: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.