Dartmouth Educational Loan Corp
Dartmouth Educational Loan Corp consistently spends more than it earns, drawing on substantial assets.
EIN: 20362923 · Hanover, NH · NTEE: B820 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $745K |
| Total Expenses | $2.3M |
| Program Spending | 90% |
| Net Assets | $22.5M |
| Transparency Score | 75/100 |
Is Dartmouth Educational Loan Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Dartmouth Educational Loan Corp directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Dartmouth Educational Loan Corp
Dartmouth Educational Loan Corp (EIN: 20362923) is a nonprofit organization based in Hanover, NH, classified under NTEE code B820. The organization reported total revenue of $745K and total assets of $57.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Dartmouth Educational Loan Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Dartmouth Educational Loan Corp is a small nonprofit that has been operating for 44 years, with 11 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of -15.1%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $745K |
| Total Expenses | $2.3M |
| Surplus / Deficit | $-1,519,264 |
| Total Assets | $57.6M |
| Total Liabilities | $35.0M |
| Net Assets | $22.5M |
| Operating Margin | -203.8% |
| Debt-to-Asset Ratio | 60.8% |
| Months of Reserves | 305.1 months |
Financial Health Grade: C
In 2021, Dartmouth Educational Loan Corp reported a deficit of $1.5M with expenses exceeding revenue, holds 305.1 months of operating reserves (strong position), has a debt-to-asset ratio of 60.8% (high leverage).
Financial Trends
Over 11 years of filings (2011–2021), Dartmouth Educational Loan Corp's revenue has declined at a compound annual growth rate (CAGR) of -15.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -52.8% | -3.8% | +12.9% |
| 2020 | -10.8% | -3.5% | -0.1% |
| 2019 | -40.8% | +2.0% | -2.0% |
| 2018 | +37.3% | -14.8% | -1.5% |
| 2017 | -11.1% | -2.3% | +2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1982 |
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 Dartmouth Educational Loan Corp with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Dartmouth Educational Loan Corp allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 60.8%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that its leadership either serves on a volunteer basis or is compensated through other means not categorized as officer compensation, which is highly efficient for a nonprofit of its asset size.
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 Dartmouth Educational Loan Corp's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) over multiple years, e.g., $745,462 revenue vs. $2,264,726 expenses in 202106.
- Significant decline in revenue over the past decade, from $3.2M in 2013 to $0.7M in 2021.
Strengths
The following positive indicators were identified for Dartmouth Educational Loan Corp:
- Substantial asset base of $57,576,070 provides financial stability.
- Zero reported officer compensation indicates high efficiency in executive overhead.
- Clear mission aligned with NTEE code B820 (Student Financial Aid).
Frequently Asked Questions about Dartmouth Educational Loan Corp
Is Dartmouth Educational Loan Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Dartmouth Educational Loan Corp (EIN: 20362923) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Dartmouth Educational Loan Corp spend its money?
Dartmouth Educational Loan Corp directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Dartmouth Educational Loan Corp tax-deductible?
Dartmouth Educational Loan Corp is registered as a tax-exempt nonprofit (EIN: 20362923). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Dartmouth Educational Loan Corp compare to similar nonprofits?
With a transparency score of 75/100 (Good), Dartmouth Educational Loan Corp is above average for NTEE category B820 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Dartmouth Educational Loan Corp located?
Dartmouth Educational Loan Corp is headquartered in Hanover, New Hampshire and files with the IRS under EIN 20362923. It is classified under NTEE code B820.
How many years of IRS 990 filings does Dartmouth Educational Loan Corp have?
Dartmouth Educational Loan Corp 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 $745K in total revenue.
How does Dartmouth Educational Loan Corp sustain its operations given consistent revenue deficits?
The organization consistently reports expenses exceeding revenue, for example, $745,462 revenue vs. $2,264,726 expenses in 202106. This suggests it is likely utilizing its substantial asset base ($57,576,070 in 202106) to cover operational costs, or has other non-operating income not reflected in 'revenue' figures.
What is the long-term strategy for managing the declining revenue trend?
Revenue has decreased significantly from $3,222,987 in 201306 to $745,462 in 202106. The organization should clarify its strategy to address this decline and ensure the sustainability of its mission without depleting its assets too rapidly.
Are there any plans to increase revenue or reduce expenses to achieve financial equilibrium?
With expenses consistently higher than revenue (e.g., $2,264,726 expenses vs. $745,462 revenue in 202106), the organization needs a clear plan to either boost its income streams or streamline its operations to avoid continuous asset depletion.
Filing History
IRS 990 filing history for Dartmouth Educational Loan Corp showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Dartmouth Educational Loan Corp's revenue has declined by 80.5%, moving from $3.8M to $745K. Total assets increased by 7.6% over the same period, from $53.5M to $57.6M. Total functional expenses fell by 18.1%, from $2.8M to $2.3M. In its most recent filing year (2021), Dartmouth Educational Loan Corp reported a deficit of $1.5M, with expenses exceeding revenue. The organization holds $35.0M in liabilities against $57.6M in assets (debt-to-asset ratio: 60.8%), resulting in net assets of $22.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $745K | $2.3M | $57.6M | $35.0M | — | View 990 |
| 2020 | $1.6M | $2.4M | $51.0M | $35.0M | — | View 990 |
| 2019 | $1.8M | $2.4M | $51.0M | $35.0M | — | View 990 |
| 2018 | $3.0M | $2.4M | $52.1M | $37.2M | — | View 990 |
| 2017 | $2.2M | $2.8M | $52.8M | $38.4M | — | View 990 |
| 2016 | $2.5M | $2.9M | $51.8M | $38.2M | — | View 990 |
| 2015 | $3.1M | $2.9M | $50.5M | $36.3M | — | View 990 |
| 2014 | $2.6M | $3.0M | $50.7M | $35.8M | — | View 990 |
| 2013 | $3.2M | $3.1M | $50.7M | $36.3M | — | View 990 |
| 2012 | $3.1M | $3.9M | $51.4M | $36.9M | — | View 990 |
| 2011 | $3.8M | $2.8M | $53.5M | $38.6M | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $745K, expenses of $2.3M, and assets of $57.6M (revenue -52.8% year-over-year).
- 2020: Revenue of $1.6M, expenses of $2.4M, and assets of $51.0M (revenue -10.8% year-over-year).
- 2019: Revenue of $1.8M, expenses of $2.4M, and assets of $51.0M (revenue -40.8% year-over-year).
- 2018: Revenue of $3.0M, expenses of $2.4M, and assets of $52.1M (revenue +37.3% year-over-year).
- 2017: Revenue of $2.2M, expenses of $2.8M, and assets of $52.8M (revenue -11.1% year-over-year).
- 2016: Revenue of $2.5M, expenses of $2.9M, and assets of $51.8M (revenue -21.8% year-over-year).
- 2015: Revenue of $3.1M, expenses of $2.9M, and assets of $50.5M (revenue +20.6% year-over-year).
- 2014: Revenue of $2.6M, expenses of $3.0M, and assets of $50.7M (revenue -19.3% year-over-year).
- 2013: Revenue of $3.2M, expenses of $3.1M, and assets of $50.7M (revenue +3.4% year-over-year).
- 2012: Revenue of $3.1M, expenses of $3.9M, and assets of $51.4M (revenue -18.5% year-over-year).
- 2011: Revenue of $3.8M, expenses of $2.8M, and assets of $53.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Dartmouth Educational Loan Corp:
Data Sources and Methodology
This transparency report for Dartmouth Educational Loan Corp 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.