Student Assistance Services Corporation

Student Assistance Services Corporation maintains stable operations with increasing assets and liabilities, reporting no officer compensation.

EIN: 133264779 · Tarrytown, NY · NTEE: F200 · Updated: 2026-03-28

$6.2MRevenue

$1.9MAssets

75/100Mission Score (Good)

F200

About Student Assistance Services Corporation

Student Assistance Services Corporation (EIN: 133264779) is a nonprofit organization based in Tarrytown, NY, classified under NTEE code F200. The organization reported total revenue of $6.2M and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Student Assistance Services Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Student Assistance Services Corporation demonstrates consistent financial activity, with revenues and expenses closely matched over the past decade. For the 202306 period, the organization reported revenues of $5,614,708 against expenses of $5,627,084, indicating a slight operational deficit. While the organization's assets have shown growth, reaching $2,156,095 in 202306, liabilities have also increased significantly, standing at $1,493,713 in the same period. This suggests a reliance on debt or short-term obligations to finance operations or asset acquisition. The consistent reporting of 0% officer compensation across all available filings is a notable aspect of its financial transparency, indicating that top executives are not drawing salaries from the organization, which is unusual for an organization of this size and operational scope. This could imply that executive functions are performed by volunteers or compensated through other means not captured in 'officer compensation'.

The organization's financial health appears stable in terms of its ability to generate revenue to cover expenses, though the increasing liabilities warrant closer examination. The lack of reported officer compensation, while seemingly positive for donor perception, could also raise questions about the sustainability of its leadership structure or the completeness of compensation reporting if key personnel are compensated in other capacities. Overall, the organization maintains a steady operational footprint, but its financial structure, particularly the growing liabilities and the executive compensation model, presents areas for deeper inquiry regarding long-term sustainability and full transparency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Student Assistance Services Corporation 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: 85%
fundraising: 5%

According to IRS 990 filings, Student Assistance Services Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with annual revenues exceeding $5 million. This suggests that executive leadership may be entirely volunteer-based or compensated through mechanisms not categorized as 'officer compensation' on the IRS Form 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 Student Assistance Services Corporation's IRS 990 filings:

Consistent operational deficits in recent years (e.g., 202306, 202206) where expenses slightly exceed revenue.
Significant and continuous increase in liabilities, from $266,024 in 201906 to $1,493,713 in 202306, without clear explanation.
Unusual reporting of 0% officer compensation for an organization of this size and revenue, potentially indicating incomplete transparency regarding executive remuneration.

Strengths

The following positive indicators were identified for Student Assistance Services Corporation:

Consistent revenue generation, with revenue growing from $3,813,284 in 201706 to $5,614,708 in 202306.
Strong asset growth over the past five years, from $417,859 in 201906 to $2,156,095 in 202306.
Long history of IRS 990 filings (13 filings), indicating consistent compliance and transparency in reporting.

Frequently Asked Questions about Student Assistance Services Corporation

How does Student Assistance Services Corporation manage to operate with 0% reported officer compensation?

The consistent reporting of 0% officer compensation across all filings (e.g., 202306, 202206) suggests that executive leadership may be volunteer-based or compensated through other means not classified as officer compensation on the IRS Form 990. This warrants further investigation into their operational model and compensation practices for key management personnel.

What is the nature of the increasing liabilities reported by the organization?

Liabilities have significantly increased from $266,024 in 201906 to $1,493,713 in 202306. Understanding the composition of these liabilities (e.g., program-related debt, operational loans, deferred revenue) is crucial for assessing the organization's financial risk and long-term solvency.

Is the organization's asset growth sustainable given its operational deficits?

While assets have grown from $417,859 in 201906 to $2,156,095 in 202306, the organization has reported slight operational deficits in recent years (e.g., $5,614,708 revenue vs. $5,627,084 expenses in 202306). This raises questions about how asset growth is being financed and its impact on overall financial health.

Filing History

IRS 990 filing history for Student Assistance Services Corporation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Student Assistance Services Corporation's revenue has grown by 26.5%, moving from $4.4M to $5.6M. Total assets increased by 228.3% over the same period, from $657K to $2.2M. Total functional expenses rose by 26.8%, from $4.4M to $5.6M. In its most recent filing year (2023), Student Assistance Services Corporation reported a deficit of $12K, with expenses exceeding revenue. The organization holds $1.5M in liabilities against $2.2M in assets (debt-to-asset ratio: 69.3%), resulting in net assets of $662K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$5.6M	$5.6M	$2.2M	$1.5M	—	—
2022	$5.1M	$5.2M	$1.5M	$818K	—	View 990
2021	$5.4M	$4.8M	$1.2M	$385K	—	View 990
2020	$4.8M	$4.8M	$1.4M	$1.2M	—	View 990
2019	$4.5M	$4.5M	$418K	$266K	—	View 990
2018	$4.3M	$4.3M	$511K	$359K	—	View 990
2017	$3.8M	$3.8M	$434K	$283K	—	View 990
2016	$3.9M	$3.9M	$471K	$311K	—	View 990
2015	$3.9M	$3.9M	$432K	$273K	—	View 990
2014	$3.8M	$3.8M	$448K	$282K	—	View 990
2013	$4.1M	$4.1M	$548K	$464K	—	View 990
2012	$4.4M	$4.4M	$452K	$364K	—	View 990
2011	$4.4M	$4.4M	$657K	$569K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $5.6M, expenses of $5.6M, and assets of $2.2M (revenue +10.5% year-over-year).
2022: Revenue of $5.1M, expenses of $5.2M, and assets of $1.5M (revenue -6.0% year-over-year).
2021: Revenue of $5.4M, expenses of $4.8M, and assets of $1.2M (revenue +11.9% year-over-year).
2020: Revenue of $4.8M, expenses of $4.8M, and assets of $1.4M (revenue +6.7% year-over-year).
2019: Revenue of $4.5M, expenses of $4.5M, and assets of $418K (revenue +6.2% year-over-year).
2018: Revenue of $4.3M, expenses of $4.3M, and assets of $511K (revenue +11.8% year-over-year).
2017: Revenue of $3.8M, expenses of $3.8M, and assets of $434K (revenue -1.1% year-over-year).
2016: Revenue of $3.9M, expenses of $3.9M, and assets of $471K (revenue -0.7% year-over-year).
2015: Revenue of $3.9M, expenses of $3.9M, and assets of $432K (revenue +1.5% year-over-year).
2014: Revenue of $3.8M, expenses of $3.8M, and assets of $448K (revenue -7.1% year-over-year).
2013: Revenue of $4.1M, expenses of $4.1M, and assets of $548K (revenue -6.2% year-over-year).
2012: Revenue of $4.4M, expenses of $4.4M, and assets of $452K (revenue -1.1% year-over-year).
2011: Revenue of $4.4M, expenses of $4.4M, and assets of $657K.

Data Sources and Methodology

This transparency report for Student Assistance Services Corporation 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.