Civic Intelligence

Arizona Higher Education Loan Authority

990 • Fiscal year 2014 • EIN 20-2001592

Oct 01, 2013 to Sep 30, 2014 • Filed on Aug 14, 2015

2141 E Broadway Rd No 21885282

(480) 383-8707

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

19th percentile

0.02x

Higher debt load relative to assets than 19% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

76th percentile

0.69x

Higher debt load relative to revenue than 76% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

1st percentile

-461%

Higher net margin than 1% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

40th percentile

$99,000

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 62.2% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

8th percentile

-12%

Faster asset growth than 8% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

1st percentile

-99%

Faster revenue growth than 1% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Assets

Flat

$6,436,915

Flat from 2014

Net Assets

Flat

$6,326,382

Flat from 2014

Liabilities

Flat

$110,533

Flat from 2014

Revenue

Flat

$159,086

Flat from 2014

Expenses

Flat

$891,920

Flat from 2014

Net Income

Flat

-$732,834

Flat from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300M$200M$100M$0Assets 2011: $284,981,658Liabilities 2011: $279,412,889Net Assets 2011: $5,568,7692011Assets 2012: $264,228,854Liabilities 2012: $259,147,8172012Assets 2013: $7,275,653Liabilities 2013: $220,6162013Assets 2014: $6,436,915Liabilities 2014: $110,533Net Assets 2014: $6,326,3822014Assets 2014: $6,436,915Liabilities 2014: $110,533Net Assets 2014: $6,326,3822014Assets 2015: $6,270,441Liabilities 2015: $8,045Net Assets 2015: $6,262,3962015Assets 2019: $3,701,381Liabilities 2019: $0Net Assets 2019: $3,701,3812019Assets 2020: $2,912,117Liabilities 2020: $0Net Assets 2020: $2,912,1172020Assets 2021: $2,768,092Liabilities 2021: $0Net Assets 2021: $2,768,0922021Assets 2022: $2,437,182Liabilities 2022: $0Net Assets 2022: $2,437,1822022Assets 2023: $2,655,917Liabilities 2023: $12023

Highlighted filing

2014

Assets$6,436,915
Liabilities$110,533
Net Assets$6,326,382

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2011: $13,244,8292011Revenue 2012: $11,899,816Expenses 2012: $12,387,548Net Income 2012: -$487,7322012Revenue 2013: $13,136,359Expenses 2013: $10,948,638Net Income 2013: $2,187,7212013Revenue 2014: $159,086Expenses 2014: $891,920Net Income 2014: -$732,8342014Revenue 2014: $159,086Expenses 2014: $891,920Net Income 2014: -$732,8342014Revenue 2015: $661,786Expenses 2015: $745,818Net Income 2015: -$84,0322015Revenue 2019: $334,856Expenses 2019: $1,818,012Net Income 2019: -$1,483,1562019Revenue 2020: $46,638Expenses 2020: $871,476Net Income 2020: -$824,8382020Revenue 2021: $88,365Expenses 2021: $467,195Net Income 2021: -$378,8302021Revenue 2022: $84,369Expenses 2022: $156,606Net Income 2022: -$72,2372022Revenue 2023: $95,967Expenses 2023: $106,040Net Income 2023: -$10,0732023

Highlighted filing

2014

Revenue$159,086
Expenses$891,920
Net Income-$732,834
Jump To
Filing Snapshot
Filing Period
Oct 1, 2013 to Sep 30, 2014
Signed
Aug 14, 2015
Return Version
2013v4.0
Gross Receipts
$159,086
Mission and Program Overview

Mission

The arizona higher education loan authority (ahela) is an arizona nonprofit corporation designated by the state of arizona. As a state authorized private nonprofit organization, ahela's mission is to provide low-cost education financing solutions for arizona students and their parents. Ahela is solely focused on increasing access to higher education through its loan programs and related services, as well as developing scholarships, high school outreach, and early awareness programs within the communities ahela serves.

Ahela provided low-cost educational financing solutions for arizona students and their parents. Ahela's activities have ceased due to the elimination of the federal family education loan program (ffelp).

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$3,359,118$3,127,521▼ $231,597
Investments Other Securities$1,862,247$2,986,310▲ $1,124,063
Savings and Temporary Cash Investments$1,754,771--
Cash and Non-Interest-Bearing Accounts$69,233$70,694▲ $1,461
Prepaid Expenses and Deferred Charges$68,635$68,635→ $0
Accounts Receivable$31,535$63,272▲ $31,737
Land, Buildings, and Equipment, Net$22,312$11,380▼ $10,932
Total Assets$7,275,653$6,436,915▼ $838,738
Other Assets Total$107,802$109,103▲ $1,301
Liabilities
Other Liabilities$114,222$0▼ $114,222
Accounts Payable and Accrued Expenses$106,394$110,533▲ $4,139
Total Liabilities$220,616$110,533▼ $110,083
Net Assets / Fund Balance
Unrestricted Net Assets$7,055,037$6,326,382▼ $728,655
Total Net Assets Fund Balance$7,055,037$6,326,382▼ $728,655
Total Liabilities and Net Assets / Fund Balance$7,275,653$6,436,915▼ $838,738

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$11,380$92,438$103,818
Other Securities$2,986,310--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Shelly MurphyExecutive DirectorFT$99,000$99,000

Board Members and Trustees

NameTitle
Patrick CantelmePresident/chairman of the Board
Dale HendersonBoard Member
Louis DeroonBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$142,512
Investment Income
$16,574
Other Revenue
$0
Change in Net Assets
$-732,834

Audited Revenue Reconciliation

Revenue per Audited Statements
$159,086
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$4,179
Total Revenue per Audited Statements
$163,265
Total Revenue per Form 990
$159,086
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$454,364
Salaries, Compensation, and Employee Benefits$437,556
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$193,799$83,056-$276,855
Current Officers, Directors, Trustees, and Key Employees$69,300$29,700-$99,000
Occupancy$38,263$16,399-$54,662
Fees for Services Other-$53,250-$53,250
Insurance$34,650$14,850-$49,500
Other Employee Benefits$25,485$10,922-$36,407
Office Expenses$22,237$9,530-$31,767
Fees for Services Accounting-$31,600-$31,600
Travel$19,493$8,354-$27,847
Payroll Taxes$17,706$7,588-$25,294
Fees for Services Legal-$17,859-$17,859
Information Technology$8,131$3,485-$11,616
Depreciation Depletion$7,652$3,280-$10,932
Other Expenses$7,356$3,153-$10,509
Conferences and Meetings$7,000$3,000-$10,000
All Other Expenses$6,120$2,622-$8,742
Total Functional Expenses$552,448$339,472$0$891,920

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$891,920
Total Expenses per Audited Statements$891,920
Total Expenses per Form 990$891,920
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The full board reviews the form 990 prior to filing.

Form 990, Part VI, Section B, Line 12C

The board conducts an annual review of the conflict of interest policy with management.

Form 990, Part VI, Section B, Line 15

The board reviewed the executive director's compensation and advised on the compensation based on performance. The process for determining compensation was last completed in 2013.

Form 990, Part VI, Section C, Line 19

Ahela's governing documents are available on the arizona corporation commission website. Its financial statements are available on the ahela website.

Filing and Contact Details

Filer

EIN
20-2001592
Phone
4803838707

Signing Officer

Name
Shelly Murphy
Title
Executive Director
Phone
4803838707
Signed
2015-08-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patrick Cantelme
Formed
2004
Legal Domicile
Az
Voting Board Members
3
Independent Board Members
3
Employees
3
Volunteers
3

Preparer

Preparer
Pamela Alexanderson
Phone
5058787200
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

Ahela ceased making new federal family education loan program (ffelp) loans due to the program being eliminated by federal legislation.

Raw XML AppendixShowing 400 of 429 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0THE ARIZONA HIGHER EDUCATION LOAN AUTHORITY (AHELA) IS AN ARIZONA NONPROFIT CORPORATION DESIGNATED BY THE STATE OF ARIZONA. AS A STATE AUTHORIZED PRIVATE NONPROFIT ORGANIZATION, AHELA'S MISSION IS TO PROVIDE LOW-COST EDUCATION FINANCING SOLUTIONS FOR ARIZONA STUDENTS AND THEIR PARENTS. AHELA IS SOLELY FOCUSED ON INCREASING ACCESS TO HIGHER EDUCATION THROUGH ITS LOAN PROGRAMS AND RELATED SERVICES, AS WELL AS DEVELOPING SCHOLARSHIPS, HIGH SCHOOL OUTREACH, AND EARLY AWARENESS PROGRAMS WITHIN THE COMMUNITIES AHELA SERVES.
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IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt0MISCELLANEOUS INCOME - 2011 AMOUNT: $ 19,471.
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt06808
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt05733
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt017509
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt073648
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0120272
IRS990ScheduleA/InvestmentIncomeCYPct00.00270
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt019471
IRS990ScheduleA/OtherIncome509Grp/TotalAmt019471
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99680
IRS990ScheduleA/PublicSupportTotal509Amt044178155
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0142512
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt013129551
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt011874612
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt012871105
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt06160375
IRS990ScheduleA/Total509Grp/TotalAmt044178155
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0159086
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt013136359
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt011899816
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt012888614
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt06234023
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt044317898
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt011380
IRS990ScheduleD/EquipmentGrp/DepreciationAmt092438
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0103818
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0891920
IRS990ScheduleD/NetUnrealizedGainsInvstAmt04179
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt02986310
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENT-BOND FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/RevenueNotReportedAmt04179
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0159086
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011380
IRS990ScheduleD/TotalBookValueSecuritiesAmt02986310
IRS990ScheduleD/TotalExpensesPerForm990Amt0891920
IRS990ScheduleD/TotalRevenuePerForm990Amt0159086
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0163265
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0891920
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AHELA CEASED MAKING NEW FEDERAL FAMILY EDUCATION LOAN PROGRAM (FFELP) LOANS DUE TO THE PROGRAM BEING ELIMINATED BY FEDERAL LEGISLATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FULL BOARD REVIEWS THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD CONDUCTS AN ANNUAL REVIEW OF THE CONFLICT OF INTEREST POLICY WITH MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD REVIEWED THE EXECUTIVE DIRECTOR'S COMPENSATION AND ADVISED ON THE COMPENSATION BASED ON PERFORMANCE. THE PROCESS FOR DETERMINING COMPENSATION WAS LAST COMPLETED IN 2013.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AHELA'S GOVERNING DOCUMENTS ARE AVAILABLE ON THE ARIZONA CORPORATION COMMISSION WEBSITE. ITS FINANCIAL STATEMENTS ARE AVAILABLE ON THE AHELA WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0300704366
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0AZ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SERVICING STUDENT LOANS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0PF
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine102141 E BROADWAY RD STE 218
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0TEMPE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0AZ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode0852821895
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0AZ
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt07275653
IRS990/TotalAssetsEOYAmt06436915
IRS990/TotalAssetsGrp/BOYAmt07275653
IRS990/TotalAssetsGrp/EOYAmt06436915
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0339472
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0552448
IRS990/TotalFunctionalExpensesGrp/TotalAmt0891920
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0220616
IRS990/TotalLiabilitiesEOYAmt0110533
IRS990/TotalLiabilitiesGrp/BOYAmt0220616
IRS990/TotalLiabilitiesGrp/EOYAmt0110533
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07055037
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06326382
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0552448
IRS990/TotalProgramServiceRevenueAmt0142512
IRS990/TotalReportableCompFromOrgAmt099000
IRS990/TotalRevenueGrp/ExclusionAmt016574
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0142512
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0159086
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07275653
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06436915
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt08354
IRS990/TravelGrp/ProgramServicesAmt019493
IRS990/TravelGrp/TotalAmt027847
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt07055037
IRS990/UnrestrictedNetAssetsGrp/EOYAmt06326382
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine102141 E BROADWAY RD NO 218
IRS990/USAddress/City0TEMPE
IRS990/USAddress/State0AZ
IRS990/USAddress/ZIPCode085282
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03

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