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Filing year 2024

EDUCATIONAL CREDIT MANAGEMENT CORPORATION

Minneapolis, Minnesota·EIN 41-1778617·NTEE W600 · Public & Societal Benefit·501(c)(3)
Total revenue
$265M
Total assets
$209.1M
Total expenses
$261.6M
Reported officers
21
Mission

EDUCATIONAL CREDIT MANAGEMENT CORPORATION (ECMC) PROVIDES FINANCIAL COUNSELING AND EDUCATION TO EMPOWER STUDENTS TO MAKE BETTER CHOICES ABOUT THEIR FUTURES.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 11 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Public & Societal Benefit organizations nationwide.

President, Ecmc
Above 90th percentile
$689k
$735k
Base
$369k
Bonus
$214k
Other
$16k
Benefits
$34k
Vp, Ecmc Operations
Vice President
75th to 90th percentile
$392k
$418k
Base
$199k
Bonus
$119k
Other
$26k
Benefits
$17k
Vp, Outreach
Vice President
75th to 90th percentile
$307k
$328k
Base
$195k
Bonus
$79k
Other
$5k
Benefits
$588
Sr Dir, Repayment Success Center
Highest Compensated Employee
75th to 90th percentile
$300k
$320k
Base
$201k
Bonus
$54k
Other
$735
Benefits
$15k
Sr Dir, Guarantor Services
Highest Compensated Employee
75th to 90th percentile
$288k
$307k
Base
$193k
Bonus
$50k
Other
$2k
Benefits
$15k
Dir, Portfolio Management
Highest Compensated Employee
75th to 90th percentile
$270k
$288k
Base
$167k
Bonus
$42k
Other
$1k
Benefits
$34k
Dir, Customer Service
Highest Compensated Employee
75th to 90th percentile
$263k
$281k
Base
$161k
Bonus
$42k
Other
$2k
Benefits
$34k
Dir, Analytics & Revenue Mgmt
Highest Compensated Employee
75th to 90th percentile
$251k
$268k
Base
$147k
Bonus
$39k
Other
$1k
Benefits
$43k
President & Ceo, Ecmc Group
Median to 75th percentile
$130k
$139k
CFO & Treasurer
25th percentile to median
$108k
$115k
General Counsel & Corp Secretary
Secretary (Operational)
Median to 75th percentile
$92k
$98k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 10 unpaid individuals.

Browse compensation in Public & Societal Benefit

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at EDUCATIONAL CREDIT MANAGEMENT CORPORATION equaled 0.3% of the organization's total expenses. The median for public & societal benefit organizations is 10%.

This organization (2024)
0.3%
Sector median
10%
Middle half of sector
4% to 22%

Based on 2,608 public & societal benefit organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 5%
from 2023

From $655k in 2023 to $689k in 2024.

$655k
2023
$689k
2024
In today's dollarsEst.
Up 3% in real terms$716k to $735k

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 5% from 2023 to 2024, while revenue fell 17%.

$655k in 2023 to $689k in 2024.
  • Vice President pay rose 3% from 2023 to 2024.
  • Highest Compensated Employee pay rose 2% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

EDUCATIONAL CREDIT MANAGEMENT CORPORATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$318.1M
$362.1M
2023
$265M
$261.6M
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Public & Societal Benefit executives earn in Minnesota

Comparable public & societal benefit organizations in Minnesota pay their highest-earning executive a median of $60,370.

25th percentile
$23k
Median
$60,370
75th percentile
$136k
90th percentile
$283k

These are public & societal benefit sector-wide figures, not this organization's reported pay. Based on 65 organizations across 65 filings (2023 – 2024).

See full Public & Societal Benefit pay data for Minnesota
FAQ

Common questions about EDUCATIONAL CREDIT MANAGEMENT CORPORATION

What does the Chief Executive Officer of EDUCATIONAL CREDIT MANAGEMENT CORPORATION earn?

In 2024, the Chief Executive Officer of EDUCATIONAL CREDIT MANAGEMENT CORPORATION received $688,729 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Public & Societal Benefit organizations nationwide: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at EDUCATIONAL CREDIT MANAGEMENT CORPORATION compare with similar nonprofits?

Compared with the same role at Public & Societal Benefit organizations nationwide, the 2024 pay of the Chief Executive Officer at EDUCATIONAL CREDIT MANAGEMENT CORPORATION falls in the top 10%. In 2024, the highest total compensation at EDUCATIONAL CREDIT MANAGEMENT CORPORATION equaled 0.3% of the organization's total expenses. The median for public & societal benefit organizations is 10%.

What are EDUCATIONAL CREDIT MANAGEMENT CORPORATION's revenue and expenses?

In 2024, EDUCATIONAL CREDIT MANAGEMENT CORPORATION reported $265M in total revenue and $261.6M in total expenses on its IRS Form 990.

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