INDIANA ASSOCIATION OF SCHOOL BUSINESS OFFICIALS INC (EIN 351396052) - 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

1968

Legal Domicile

Principal Officer

JOHN S BOWLING

Phone

3176393586

Tax Period

2023-01-01 to 2023-12-31

INDIANA ASSOCIATION OF SCHOOL BUSINESS OFFICIALS INC, founded in 1968, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 195% from the prior year, signaling strong growth momentum. The organization ran a surplus of $360K, a strong 18% operating margin.

Mission

THE PRIMARY PURPOSE OF THE INDIANA ASSOCIATION OF SCHOOL BUSINESS OFFICIALS, INC (IASBO) IS TO STRIVE FOR THE PROMOTION AND UNION OF THOSE INDIVIDUALS INVOLVED IN SCHOOL BUSINESS AFFAIRS. IASBO CURRENTLY HAS OVER 1,300 MEMBERS REPRESENTING OVER 95% OF INDIANA'S PUBLIC SCHOOL CORPORATIONS. IASBO PROVIDES PROGRAMS AND SERVICES TO PROMOTE THE HIGHEST STANDARDS OF SCHOOL BUSINESS MANAGMENT PRACTICES, PROFESSIONAL GROWTH, AND EFFECTIVE USE OF EDUCATIONAL RESOURCES.

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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 $714,873

Program Service Revenue $1,126,133

Investment Income $89,256

Other Revenue $64,076

TOTAL REVENUE $1,994,338

Expense Breakdown

Grants Paid $0

Salaries & Benefits $645,308

Fundraising Expenses $11,917

Program Expenses $1,306,701

Other Expenses $988,699

TOTAL EXPENSES $1,634,007

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,994,338	$675,162	+2.0%
Expenses	$1,634,007	$661,093	+1.5%
Net Income	$360,331	$14,069	+24.6%

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

N/A

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

$80,963

Total Directors

$80,963

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS L COSTERISON	EXECUTIVE DI	40.00		$106,442	$0	$106,442
JOHN S BOWLING	EXECUTIVE DI	40.00	Officer Director	$80,963	$0	$80,963
APRIL FITTERLING	DIRECTOR	2.00	Director	$0	$0	$0
DAWN COOK	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE CRONK	DIRECTOR	2.00	Director	$0	$0	$0
DANA BOGATHY	DIRECTOR	2.00	Director	$0	$0	$0
MATTT IRWIN	DIRECTOR	2.00	Director	$0	$0	$0
REGINA MAY	DIRECTOR	2.00	Director	$0	$0	$0
MEGAN BELL	DIRECTOR	2.00	Director	$0	$0	$0
DR CHRIS KUHN	DIRECTOR	2.00	Director	$0	$0	$0
LAURA HUBINGER	DIRECTOR	2.00	Director	$0	$0	$0
ALLISON PUND	DIRECTOR	2.00	Director	$0	$0	$0
KAREN SCALF	PRESIDENT	8.00	Officer Director	$0	$0	$0
BRIAN TOMAMICHEL	PRESIDENT E	4.00	Officer Director	$0	$0	$0
CHRIS STREET	VICE PRESIDE	6.00	Officer Director	$0	$0	$0
GREG HUNT	TREASURER	6.00	Officer Director	$0	$0	$0
ROB JAMES	PAST PRESIDE	2.00	Officer 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	$1,994,338	$1,634,007	$2,687,252	$360,331
2022	$675,162	$661,093	$2,284,790	$14,069
2021	$1,266,914	$865,281	$2,010,295	$401,633
2020	$1,033,703	$903,994	$1,779,661	$129,709
2019	$1,719,692	$1,360,845	$1,500,397	$358,847

INDIANA ASSOCIATION OF SCHOOL BUSINESS OFFICIALS INC