Illinois Association of School Boa… - 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

1913

Legal Domicile

Principal Officer

Kimberly A Small

Phone

2175289688

Tax Period

2024-07-01 to 2025-06-30

Illinois Association of School Boards, founded in 1913, is a mid-sized nonprofit that reported $14.5M in total revenue in fiscal year 2024. Expenses of $13.5M left a modest 7% surplus.

Mission

Excellence in local school governance in support of quality public education.

Program Service Accomplishments

Program 1

Expenses: $11,974,904 Revenue: $12,620,749

Conferences, training programs, workshops, policy services, publications, and special events to further excellence in local school governance.

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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 $12,526,671

Investment Income $801,775

Other Revenue $1,163,910

TOTAL REVENUE $14,492,356

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,910,654

Fundraising Expenses $0

Program Expenses $11,974,904

Other Expenses $5,635,345

TOTAL EXPENSES $13,545,999

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,492,356	$14,055,451	+0.0%
Expenses	$13,545,999	$12,933,526	+0.0%
Net Income	$946,357	$1,121,925	-0.2%

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

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

$739,059

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Harms	President	1.00	Officer Director	$0	$0	$0
Tracie Sayre	Vice President	1.00	Officer Director	$0	$0	$0
Simon Kampwerth	Immediate Past President	1.00	Officer Director	$0	$0	$0
Marc Tepper	Treasurer	1.00	Officer Director	$0	$0	$0
Chris Buikema	Director	1.00	Director	$0	$0	$0
Liz Campbell	Director	1.00	Director	$0	$0	$0
Jason Cowen	Director	1.00	Director	$0	$0	$0
Joyce Dickerson	Director	1.00	Director	$0	$0	$0
Linda Eades	Director	1.00	Director	$0	$0	$0
Robert Geddeis	Director	1.00	Director	$0	$0	$0
Christopher Gordon	Director	1.00	Director	$0	$0	$0
Lisa Irvin	Director	1.00	Director	$0	$0	$0
Alva Kreutzer	Director	1.00	Director	$0	$0	$0
Jim McCabe	Director	1.00	Director	$0	$0	$0
Sue McCance	Director	1.00	Director	$0	$0	$0
Sheila Nelson	Director	1.00	Director	$0	$0	$0
Mandy Rieman	Director	1.00	Director	$0	$0	$0
Thomas Ruggio	Director	1.00	Director	$0	$0	$0
Nick Sartoris	Director	1.00	Director	$0	$0	$0
Jeffrey Johnson	Director	1.00	Director	$0	$0	$0
Kimberly Keniley-Ashbrook	Director	1.00	Director	$0	$0	$0
Janice Roeder	Director	1.00	Director	$0	$0	$0
Carlos Rivas Jr	Director	1.00	Director	$0	$0	$0
Tim Custis	Director	1.00	Director	$0	$0	$0
Lisa Schwartz	Director	1.00	Director	$0	$0	$0
Jianan Shi	Director	1.00	Director	$0	$0	$0
Stephen Nelson	Director	1.00	Director	$0	$0	$0
Heather LoBue	Director	1.00	Director	$0	$0	$0
Stephanie Neuman	Director	1.00	Director	$0	$0	$0
Mark Rising	Director	1.00	Director	$0	$0	$0
Janet Rogers	Director	1.00	Director	$0	$0	$0
Vernon Stubblefield	Director	1.00	Director	$0	$0	$0
Austin Taylor	Director	1.00	Director	$0	$0	$0
Jennifer Feld	CFO	40.00	Officer	$162,252	$53,394	$215,646
Kimberly A Small	Executive Director	40.00	Officer	$219,160	$60,117	$279,277
Jeremy Duffy	Deputy Executive Director/General Counsel	40.00	Officer	$200,574	$43,562	$244,136
Lori Grant	Associate Executive Direct	40.00	Highest	$139,750	$41,348	$181,098
Maryam Brotine	Assistant General Counsel	40.00	Highest	$116,922	$53,352	$170,274
Kara Kienzler	Associate Executive Direct	40.00	Highest	$116,241	$46,991	$163,232
Sarah Miller	Associate Executive Direct	40.00	Highest	$136,743	$48,569	$185,312
Carla Bolt	Director	40.00	Highest	$123,794	$38,368	$162,162

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	$14,492,356	$13,545,999	$25,119,789	$946,357
2024	$14,055,451	$12,933,526	$22,962,608	$1,121,925
2023	$12,759,281	$12,107,693	$22,283,983	$651,588
2022	$12,712,080	$11,017,150	$19,135,066	$1,694,930
2021	$11,091,944	$9,121,436	$19,198,603	$1,970,508
2020	$12,082,493	$10,707,010	$14,923,631	$1,375,483
2019	$11,684,366	$10,500,554	$14,107,793	$1,183,812

Illinois Association of School Boards