Brazos Education Loan Authority Inc
Brazos Education Loan Authority Inc. consistently generates surpluses while managing a declining student loan portfolio.
EIN: 203868073 · Waco, TX · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $68.5M |
| Total Expenses | $68.1M |
| Program Spending | 90% |
| Net Assets | $230.7M |
| Transparency Score | 85/100 |
Is Brazos Education Loan Authority Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Brazos Education Loan Authority Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Brazos Education Loan Authority Inc
Brazos Education Loan Authority Inc (EIN: 203868073) is a nonprofit organization based in Waco, TX, classified under NTEE code B82. The organization reported total revenue of $68.5M and total assets of $815.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Brazos Education Loan Authority Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Brazos Education Loan Authority Inc is a major nonprofit that has been operating for 20 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 36.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $80.0M |
| Total Expenses | $68.1M |
| Surplus / Deficit | +$11.9M |
| Total Assets | $1.1B |
| Total Liabilities | $918.9M |
| Net Assets | $230.7M |
| Operating Margin | 14.9% |
| Debt-to-Asset Ratio | 79.9% |
| Months of Reserves | 202.5 months |
Financial Health Grade: A
In 2023, Brazos Education Loan Authority Inc reported a surplus of $11.9M with revenue exceeding expenses, holds 202.5 months of operating reserves (strong position), has a debt-to-asset ratio of 79.9% (high leverage).
Financial Trends
Over 11 years of filings (2013–2023), Brazos Education Loan Authority Inc's revenue has grown at a compound annual growth rate (CAGR) of 36.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +65.3% | +77.0% | -21.5% |
| 2022 | +0.0% | -14.5% | -10.4% |
| 2021 | -30.9% | -35.2% | -10.4% |
| 2020 | -23.6% | -21.3% | -10.8% |
| 2019 | +6.5% | +13.5% | -8.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Brazos Education Loan Authority Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Brazos Education Loan Authority Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $11.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 79.9%.
Executive Compensation Analysis
No officer compensation has been reported across all available filings, which is unusual for an organization of this size and financial activity, suggesting either a volunteer-led executive team or compensation structured in a way not captured under 'Officer Comp' on the 990.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Brazos Education Loan Authority Inc's IRS 990 filings:
- Lack of reported officer compensation for an organization of this scale, which could obscure executive benefits or indicate an unusual governance structure.
- Significant and consistent decline in assets over the past decade without clear explanation in the provided data.
Strengths
The following positive indicators were identified for Brazos Education Loan Authority Inc:
- Consistent generation of financial surpluses, indicating strong financial management (e.g., $11.8 million surplus in 2023).
- Large asset base, demonstrating significant capacity and operational scale.
- Clear alignment with NTEE code B82 (Student Financial Aid), indicating a focused mission.
Frequently Asked Questions about Brazos Education Loan Authority Inc
Is Brazos Education Loan Authority Inc a legitimate charity?
Brazos Education Loan Authority Inc (EIN: 203868073) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 85/100. It has 11 years of IRS 990 filings on record. Total revenue: $68.5M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Brazos Education Loan Authority Inc spend its money?
Brazos Education Loan Authority Inc directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Brazos Education Loan Authority Inc tax-deductible?
Brazos Education Loan Authority Inc is registered as a tax-exempt nonprofit (EIN: 203868073). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Brazos Education Loan Authority Inc's spending goes to programs?
Brazos Education Loan Authority Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Brazos Education Loan Authority Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Brazos Education Loan Authority Inc is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Brazos Education Loan Authority Inc located?
Brazos Education Loan Authority Inc is headquartered in Waco, Texas and files with the IRS under EIN 203868073. It is classified under NTEE code B82.
How many years of IRS 990 filings does Brazos Education Loan Authority Inc have?
Brazos Education Loan Authority Inc has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $68.5M in total revenue.
Is Brazos Education Loan Authority Inc. a good charity?
Based on the available data, Brazos Education Loan Authority Inc. appears to be a financially stable organization that consistently generates surpluses and operates at a large scale within its mission of student financial aid. The lack of reported officer compensation is a unique characteristic that could be viewed positively for efficiency, though it warrants further investigation for complete transparency.
Why are assets declining over time?
The consistent decline in assets from a peak of over $3 billion in 2015 to $1.15 billion in 2023 suggests a potential shift in the organization's portfolio management strategy, possibly due to loan repayments, sales of loan portfolios, or a reduction in new loan originations.
What is the nature of the organization's liabilities?
Given the organization's role in student financial aid, the substantial liabilities (e.g., $918.8 million in 2023) likely represent bonds or other financing instruments used to fund the student loan portfolios it manages.
Filing History
IRS 990 filing history for Brazos Education Loan Authority Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Brazos Education Loan Authority Inc's revenue has grown by 2083.4%, moving from $3.7M to $80.0M. Total assets increased by 1077.9% over the same period, from $97.6M to $1.1B. Total functional expenses rose by 2758.6%, from $2.4M to $68.1M. In its most recent filing year (2023), Brazos Education Loan Authority Inc reported a surplus of $11.9M, with revenue exceeding expenses. The organization holds $918.9M in liabilities against $1.1B in assets (debt-to-asset ratio: 79.9%), resulting in net assets of $230.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $80.0M | $68.1M | $1.1B | $918.9M | — | View 990 |
| 2022 | $48.4M | $38.5M | $1.5B | $1.2B | — | View 990 |
| 2021 | $48.4M | $45.0M | $1.6B | $1.3B | — | View 990 |
| 2020 | $70.1M | $69.5M | $1.8B | $1.5B | — | View 990 |
| 2019 | $91.7M | $88.3M | $2.0B | $1.8B | — | View 990 |
| 2018 | $86.1M | $77.8M | $2.2B | $1.9B | — | View 990 |
| 2017 | $83.1M | $71.6M | $2.5B | $2.2B | — | View 990 |
| 2016 | $87.5M | $68.1M | $2.8B | $2.5B | — | View 990 |
| 2015 | $41.0M | $30.3M | $3.1B | $2.8B | — | View 990 |
| 2014 | $4.4M | $2.8M | $87.2M | $87.4M | — | View 990 |
| 2013 | $3.7M | $2.4M | $97.6M | $99.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $80.0M, expenses of $68.1M, and assets of $1.1B (revenue +65.3% year-over-year).
- 2022: Revenue of $48.4M, expenses of $38.5M, and assets of $1.5B (revenue +0.0% year-over-year).
- 2021: Revenue of $48.4M, expenses of $45.0M, and assets of $1.6B (revenue -30.9% year-over-year).
- 2020: Revenue of $70.1M, expenses of $69.5M, and assets of $1.8B (revenue -23.6% year-over-year).
- 2019: Revenue of $91.7M, expenses of $88.3M, and assets of $2.0B (revenue +6.5% year-over-year).
- 2018: Revenue of $86.1M, expenses of $77.8M, and assets of $2.2B (revenue +3.5% year-over-year).
- 2017: Revenue of $83.1M, expenses of $71.6M, and assets of $2.5B (revenue -5.0% year-over-year).
- 2016: Revenue of $87.5M, expenses of $68.1M, and assets of $2.8B (revenue +113.6% year-over-year).
- 2015: Revenue of $41.0M, expenses of $30.3M, and assets of $3.1B (revenue +833.6% year-over-year).
- 2014: Revenue of $4.4M, expenses of $2.8M, and assets of $87.2M (revenue +19.7% year-over-year).
- 2013: Revenue of $3.7M, expenses of $2.4M, and assets of $97.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Brazos Education Loan Authority Inc:
Data Sources and Methodology
This transparency report for Brazos Education Loan Authority Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.