OHIO SCHOOL BOARDS ASSOCIATION INSURANCE TRUST (EIN 316190360) - 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

1969

Legal Domicile

Principal Officer

KATHRYNE MCFARLAND

Phone

6145404000

Tax Period

2023-01-01 to 2023-12-31

OHIO SCHOOL BOARDS ASSOCIATION INSURANCE TRUST, founded in 1969, is a micro nonprofit in the Mutual Benefit sector that reported $29K in total revenue in fiscal year 2023. The organization ran a surplus of $13K, a strong 46% operating margin.

Mission

HELP SCHOOL DISTRICTS OBTAIN INSURANCE PRODUCTS AT FAVORABLE RATES BY POOLING THEIR PURCHASING POWER. THE TRUST MAY PROVIDE A VARIETY OF INSURANCE PRODUCTS TO SCHOOL DISTRICT EMPLOYEES, WHICH MAY INCLUDE GROUP TERM LIFE, VOLUNTARY LIFE, ACCIDENTAL DEATH & DISMEMBERMENT AND VOLUNTARY DISABILITY.

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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 $0

Investment Income $29,236

Other Revenue $0

TOTAL REVENUE $29,236

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $15,763

TOTAL EXPENSES $15,763

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,236	$29,333	0.0%
Expenses	$15,763	$13,506	+0.2%
Net Income	$13,473	$15,827	-0.1%

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	2.10	Director	$0	$42,342	$399,961
KATHRYNE MCFARLAND	TRUSTEE EFF 5/23	2.10	Director	$0	$73,190	$302,567
CHRISTINE VARWIG	TRUSTEE	0.10	Director	$0	$0	$0
SALLY S GREEN	TRUSTEE	0.10	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	$29,236	$15,763	$887,182	$13,473
2022	$29,333	$13,506	$823,782	$15,827
2021	$33,251	$14,710	$933,879	$18,541
2020	$38,025	$15,588	$865,371	$22,437
2019	$23,150	$9,025	$810,472	$14,125
2018	$18,877	$7,074	$719,925	$11,803

OHIO SCHOOL BOARDS ASSOCIATION INSURANCE TRUST