INDIANA SCHOOL BOARDS ASSOCIATION … - 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

1951

Legal Domicile

Principal Officer

TERRY E SPRADLIN

Phone

3176390330

Tax Period

2025-01-01 to 2025-12-31

INDIANA SCHOOL BOARDS ASSOCIATION INC, founded in 1951, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2025. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $2.7M left a modest 10% surplus.

Mission

THE MISSION OF THE ORGANIZATION IS TO INSTRUCT INDIVIDUAL PUBLIC SCHOOL BOARD MEMBERS IN ORDER TO DEVELOP THEIR ABILITY TO SERVE IN THAT CAPACITY AND TO INSTRUCT THE PUBLIC ON EDUCATION-RELATED SUBJECTS IN ORDER TO IMPROVE PUBLIC SCHOOL EDUCATION IN THE STATE OF INDIANA

Program Service Accomplishments

Program 1

Expenses: $1,010,240

PROVIDE RESEARCH, AND LEGISLATIVE SERVICES TO SCHOOL BOARD MEMBERS IN THE STATE OF INDIANA.

Program 2

Expenses: $931,279

PROVIDE EDUCATION AND INFORMATION SERVICES TO SCHOOL BOARD MEMBERS IN THE STATE OF INDIANA. SERVICES ARE PROVIDED VIA SEMINARS, WORKSHOPS, AND CONFERENCES.

Program 3

Expenses: $460,492

PROVIDE EDUCATIONAL AND INFORMATIONAL MATERIALS TO EDUCATE AND KEEP MEMBERS CURRENT ON NEW DEVELOPMENTS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $108,360

Program Service Revenue $2,484,910

Investment Income $212,891

Other Revenue $191,929

TOTAL REVENUE $2,998,090

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,462,810

Fundraising Expenses $0

Program Expenses $2,402,011

Other Expenses $1,228,209

TOTAL EXPENSES $2,691,019

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,998,090	$2,749,646	+0.1%
Expenses	$2,691,019	$2,650,056	+0.0%
Net Income	$307,071	$99,590	+2.1%

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

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

$220,612

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY E SPRADLIN	EXECUTIVE DI	40.00	Officer	$220,612	$0	$220,612
LISA F TANSELLE	GENERAL COUN	40.00	Highest	$162,770	$0	$162,770
JULIA M SLAVENS	SENIOR COUNS	40.00	Highest	$135,576	$0	$135,576
STEVEN HORTON	COMMUNIICATI	40.00	Highest	$111,742	$0	$111,742
CHRISTINE DERDA	CONTROLLER	40.00	Highest	$100,062	$0	$100,062
JOSEPH BASHAM	DIRECTOR	2.00	Director	$0	$0	$0
WADE BEATTY	1ST VICE PRE	4.00	Officer Director	$0	$0	$0
STEVE CORONA	PRESIDENT	8.00	Officer Director	$0	$0	$0
SCOTT DUBOIS	DIRECTOR	2.00	Director	$0	$0	$0
REBECCA GARDENOUR	PAST PRESIDE	2.00	Officer Director	$0	$0	$0
LYNDA GLOVER	DIRECTOR	2.00	Director	$0	$0	$0
ZACH SMITH HOWARD	DIRECTOR	2.00	Director	$0	$0	$0
LESLIE JACOBS	DIRECTOR	2.00	Director	$0	$0	$0
GLENN JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
STACY KILLION	DIRECTOR	2.00	Director	$0	$0	$0
JEANETTE MCCULLOUGH	DIRECTOR	2.00	Director	$0	$0	$0
HEATHER REICHENBACH	2ND VICE PRE	3.00	Officer Director	$0	$0	$0
JRYAN WALL	DIRECTOR	2.00	Director	$0	$0	$0
RACHEL WITT	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	$2,998,090	$2,691,019	$5,743,351	$307,071
2024	$2,749,646	$2,650,056	$5,627,488	$99,590
2023	$2,820,607	$2,422,698	$5,440,887	$397,909
2022	$2,481,112	$2,188,238	$5,287,016	$292,874
2021	$2,442,499	$2,048,399	$3,961,363	$394,100
2020	$2,114,176	$1,732,546	$3,812,989	$381,630
2019	$2,461,761	$2,023,264	$3,118,991	$438,497
2018	$2,190,794	$1,924,931	$2,454,579	$265,863

INDIANA SCHOOL BOARDS ASSOCIATION INC