SALEM KEIZER EDUCATION ASSOCIATION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Phone

5033643397

Tax Period

2023-09-01 to 2024-08-31

SALEM KEIZER EDUCATION ASSOCIATION, founded in 2005, is a small nonprofit that reported $503K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

PROMOTE PROFESSIONAL EXCELLENCE BY ADVOCATING FOR EDUCATIONAL PROFESSIONALS.

Program Service Accomplishments

Program 1

Expenses: $509,812

In 2024, the Salem Keizer Education Association was able to finalize a contract with Salem-Keizer Public Schools. SKEA made historic gains in this contract in areas including fewer restrictions for use of personal leave, a cost-of-living adjustment of 9.75% over the two year life of the contract, a workable definition of FTE (full time equivalency), and language to help protect class size at our elementary level. All of these are significant gains in addition to the many smaller advances made in contract language. Bargaining was a focal point because it lasted almost a year, including a declaration of impasse and a move to formal mediation. Resolving the contract without a strike was a great success. Additionally, we have worked hard to meet with every new licensed staff member hired by the district to talk to them about the benefits of SKEA membership. We are holding membership consistently above 90% and hope to see an increase as we enter our next bargain. The organization as a whole is functioning well with a high level of membership, healthy reserve funds, identified core values, and annual goals that are assessed at the end of each calendar year.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $492,781

Program Service Revenue $0

Investment Income $9,967

Other Revenue $0

TOTAL REVENUE $502,748

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $310,165

Fundraising Expenses $0

Program Expenses $509,812

Other Expenses $197,183

TOTAL EXPENSES $509,348

Year-over-Year Comparison

	2023	2022	Change
Revenue	$502,748	$431,702	+0.2%
Expenses	$509,348	$403,164	+0.3%
Net Income	$-6,600	$28,538	-1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

500

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$193,169

Total Directors