KENTUCKY ASSOCIATION OF SCHOOL BUS… - Form 990 Financial Data

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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

1960

Legal Domicile

Principal Officer

JESSICA ANNIS

Phone

2707929725

Tax Period

2024-07-01 to 2025-06-30

KENTUCKY ASSOCIATION OF SCHOOL BUSINESS OFFICIALS, founded in 1960, is a small nonprofit in the Education sector that reported $824K in total revenue in fiscal year 2024. The organization ran a surplus of $245K, a strong 30% operating margin.

Mission

TO PROVIDE MEMBERS WITH PROGRAMS, SERVICES AND NETWORKING OPPORTUNITIES WHICH MAINTAIN AND PROMOTE THE HIGHEST STANDARDS OF SCHOOL BUSINESS OPERATIONS, LEADERSHIP DEVELOPMENT, AND PROFESSIONAL GROWTH.

Program Service Accomplishments

Program 1

Expenses: $534,124 Revenue: $824,297

THE ASSOCIATION CONDUCTS TWO EDUCATIONAL CONFERENCES, ONE IN THE SPRING AND ONE IN THE FALL. STARTING IN 2014, A LEADERSHIP CONFERENCE WAS ADDED. THE ORGANIZATION ALSO OFFERS OTHER TRAINING...

THE ASSOCIATION CONDUCTS TWO EDUCATIONAL CONFERENCES, ONE IN THE SPRING AND ONE IN THE FALL. STARTING IN 2014, A LEADERSHIP CONFERENCE WAS ADDED. THE ORGANIZATION ALSO OFFERS OTHER TRAINING OPPORTUNITIES TO ITS MEMBERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $12,940

Program Service Revenue $797,930

Investment Income $13,426

Other Revenue $0

TOTAL REVENUE $824,296

Expense Breakdown

Grants Paid $11,000

Salaries & Benefits $113,301

Fundraising Expenses $0

Program Expenses $534,124

Other Expenses $455,065

TOTAL EXPENSES $579,366

Year-over-Year Comparison

	2024	2023	Change
Revenue	$824,296	$801,841	+0.0%
Expenses	$579,366	$855,647	-0.3%
Net Income	$244,930	$-53,806	-5.6%

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

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EYDIE TATE	PRESIDENT	2.00	Officer Director	$0	$0	$0
SUSAN BARKLEY	PRESIDENT EL	2.00	Officer Director	$0	$0	$0
JOHN DAVID SANDEFUR	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
JUDY SPALDING	PAST PRESIDE	2.00	Officer Director	$0	$0	$0
REBECCA WRIGHT	SECRETARY	2.00	Officer Director	$0	$0	$0
JESSICA ANNIS	TREASURER	2.00	Officer Director	$0	$0	$0
DAVID STOKES	DIRECTOR	2.00	Director	$0	$0	$0
RODNEY JACKSON	DIRECTOR	2.00	Director	$0	$0	$0
ANGELA COPELAND	DIRECTOR	2.00	Director	$0	$0	$0
NICK CLARK	DIRECTOR	2.00	Director	$0	$0	$0
AMBER MINOR	DIRECTOR	2.00	Director	$0	$0	$0
MARK WOODS	DIRECTOR	2.00	Director	$0	$0	$0
LISA LEWIS	DIRECTOR	2.00	Director	$0	$0	$0
JASON U'WREN	DIRECTOR	2.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$824,296	$579,366	$585,169	$244,930
2024	No data	No data	No data	No data
2023	$783,959	$719,562	$397,799	$64,397
2022	$628,554	$557,285	$298,936	$71,269
2021	$633,554	$453,443	$236,434	$180,111
2019	$507,275	$541,719	$25,220	$-34,444

KENTUCKY ASSOCIATION OF SCHOOL BUSINESS OFFICIALS