MINNESOTA ASSOCIATION OF SCHOOL BUSINESS OFFICIALS (EIN 237101055) - Form 990 Financial Analysis & Trantor Score

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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

1950

Legal Domicile

Principal Officer

JOHN MORSTAD

Phone

6512907485

Tax Period

2024-07-01 to 2025-06-30

MINNESOTA ASSOCIATION OF SCHOOL BUSINESS OFFICIALS, founded in 1950, is a small nonprofit in the Education sector that reported $928K in total revenue in fiscal year 2024. Expenses of $856K left a modest 8% surplus.

Mission

Advance the knowledge & abilities of school business professionals & provide a voice & forum for the profession.

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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 $0

Program Service Revenue $863,620

Investment Income $58,053

Other Revenue $6,102

TOTAL REVENUE $927,775

Expense Breakdown

Grants Paid $4,500

Salaries & Benefits $165,011

Fundraising Expenses $0

Program Expenses $400,297

Other Expenses $686,663

TOTAL EXPENSES $856,174

Year-over-Year Comparison

	2024	2023	Change
Revenue	$927,775	$877,976	+0.1%
Expenses	$856,174	$762,267	+0.1%
Net Income	$71,601	$115,709	-0.4%

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

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

$111,650

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CONNIE NORDQUIST	Executive Dir.	32.00	Officer	$107,500	$4,150	$111,650
JOHN MORSTAD	President	2.00	Officer Director	$0	$0	$0
CANDACE NELIS	PRESIDENT ELECT	2.00	Officer Director	$0	$0	$0
ANDREW BEENKEN-ADAMS	Vice President	2.00	Officer Director	$0	$0	$0
TRACEY FIEREK	DIR/TREASURER	2.00	Officer Director	$0	$0	$0
CINDY OLSON	PAST PRES/TREAS	2.00	Officer Director	$0	$0	$0
MIRANDA KRAMER	Director	2.00	Director	$0	$0	$0
MERT WOODARD	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	$927,775	$856,174	$1,547,270	$71,601
2024	$877,976	$762,267	$1,488,616	$115,709
2023	$853,906	$690,252	$1,428,575	$163,654
2022	$603,485	$690,553	$1,252,306	$-87,068
2021	$464,455	$413,166	$1,232,441	$51,289
2020	$563,017	$579,261	$1,201,903	$-16,244
2019	$714,737	$634,688	$1,237,244	$80,049
2018	$691,182	$619,480	$1,205,884	$71,702

MINNESOTA ASSOCIATION OF SCHOOL BUSINESS OFFICIALS