OHIO SCHOOL BOARDS ASSOCIATION LEGAL ASSISTANCE FUND (EIN 310934576) - 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

1976

Legal Domicile

Principal Officer

KATHRYNE MCFARLAND

Phone

6145404000

Tax Period

2023-01-01 to 2023-12-31

OHIO SCHOOL BOARDS ASSOCIATION LEGAL ASSISTANCE FUND, founded in 1976, is a small nonprofit that reported $141K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Net assets of $1.8M represent 150 months of operating reserves.

Mission

TO PROVIDE SUPPORTIVE ASSISTANCE IN CERTAIN SITUATIONS OF STATEWIDE SIGNIFICANCE INVOLVING LITIGATION OR OTHER MATTERS OF CONTROVERSY WHICH PERTAIN TO THE CLASSIFICATION, ORGANIZATION, REGULATION, MAINTENANCE, OPERATION, FINANCING AND MANAGEMENT OF SCHOOL DISTRICTS IN THE STATE OF OHIO.

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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 $0

Program Service Revenue $76,332

Investment Income $64,808

Other Revenue $0

TOTAL REVENUE $141,140

Expense Breakdown

Grants Paid $61,794

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $122,374

Other Expenses $90,227

TOTAL EXPENSES $152,021

Year-over-Year Comparison

	2023	2022	Change
Revenue	$141,140	$152,606	-0.1%
Expenses	$152,021	$105,149	+0.4%
Net Income	$-10,881	$47,457	-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

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

$702,528

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD C LEWIS	TRUSTEE (THRU 5/23)	1.00	Director	$0	$42,342	$399,961
CHRISTINE VARWIG	TRUSTEE	1.00	Director	$0	$0	$0
KATHRYNE MCFARLAND	TRUSTEE (EFF 5/23)	1.00	Director	$0	$73,190	$302,567
SALLY GREEN	TRUSTEE	1.00	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
2024	No data	No data	No data	No data
2023	$141,140	$152,021	$1,801,755	$-10,881
2022	$152,606	$105,149	$1,681,535	$47,457
2021	$195,250	$88,050	$1,903,873	$107,200
2020	$194,584	$97,110	$1,720,353	$97,474
2019	$150,643	$75,588	$1,518,168	$75,055
2018	$172,024	$106,307	$1,309,358	$65,717

OHIO SCHOOL BOARDS ASSOCIATION LEGAL ASSISTANCE FUND