INDIANA SCHOOL BOARDS ASSOCIATION INC (EIN 351132382) - 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

1951

Legal Domicile

Principal Officer

TERRY E SPRADLIN

Phone

3176390330

Tax Period

2024-01-01 to 2024-12-31

INDIANA SCHOOL BOARDS ASSOCIATION INC, founded in 1951, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. Expenses of $2.7M left a modest 4% 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

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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 $1,518,335

Program Service Revenue $863,139

Investment Income $194,345

Other Revenue $173,827

TOTAL REVENUE $2,749,646

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,410,107

Fundraising Expenses $0

Program Expenses $2,349,249

Other Expenses $1,239,949

TOTAL EXPENSES $2,650,056

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,749,646	$2,820,607	0.0%
Expenses	$2,650,056	$2,422,698	+0.1%
Net Income	$99,590	$397,909	-0.7%

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

$211,991

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	$211,991	$0	$211,991
LISA F TANSELLE	GENERAL COUN	40.00	Highest	$155,035	$0	$155,035
JULIA M SLAVENS	SENIOR COUNS	40.00	Highest	$129,738	$0	$129,738
STEVEN HORTON	COMMUNIICATI	40.00	Highest	$106,817	$0	$106,817
JOSEPH BASHAM	DIRECTOR	2.00	Director	$0	$0	$0
WADE BEATTY	2ND VICE PRE	6.00	Officer Director	$0	$0	$0
STEVE CORONA	1ST VICE PRE	6.00	Officer Director	$0	$0	$0
SCOTT DUBOIS	DIRECTOR	2.00	Director	$0	$0	$0
REBECCA GARDENOUR	PRESIDENT	8.00	Officer Director	$0	$0	$0
LYNDA GLOVER	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
HEATHER REICHENBACH	DIRECTOR	2.00	Director	$0	$0	$0
JOEL RODRIGUEZ	DIRECTOR EX	1.00	Director	$0	$0	$0
JACK RUSSELL	DIRECTOR	2.00	Director	$0	$0	$0
TOM SIMPSON	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
ROBERT STWALLEY	DIRECTOR EX-	1.00	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
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