NATIONAL SCHOOL BOARDS ASSOCIATION

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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

1949

Legal Domicile

Principal Officer

MCCOTTER-JACOBS VERJEANA

Phone

7038386722

Tax Period

2023-01-01 to 2023-12-31

NATIONAL SCHOOL BOARDS ASSOCIATION, founded in 1949, is a community nonprofit in the Education sector that reported $8.7M in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $12.2M exceeded revenue, resulting in a 40% operating deficit.

Mission

WORKING WITH AND THROUGH OUR STATE ASSOCIATIONS, NSBA ADVOCATES FOR EQUITY AND EXCELLENCE IN PUBLIC EDUCATION THROUGH SCHOOL BOARD LEADERSHIP.

Program Service Accomplishments

Program 1

Expenses: $6,460,462 Revenue: $6,685,083

DISTRICT AND INDIVIDUAL SERVICES - NSBA PROVIDES SUPPORT, RESOURCES, EDUCATION AND MATERIALS FOR LOCAL SCHOOL DISTRICTS THAT ARE DIRECTLY INVOLVED IN NSBA PROGRAMS SUCH AS NATIONAL CONNECTION...

DISTRICT AND INDIVIDUAL SERVICES - NSBA PROVIDES SUPPORT, RESOURCES, EDUCATION AND MATERIALS FOR LOCAL SCHOOL DISTRICTS THAT ARE DIRECTLY INVOLVED IN NSBA PROGRAMS SUCH AS NATIONAL CONNECTION, COUNCIL OF URBAN BOARDS OF EDUCATION, COUNCIL OF SCHOOL ATTORNEYS, NATIONAL BLACK COUNCIL, NATIONAL HISPANIC COUNCIL, AND AMERICAN INDIAN ALASKA NATIVE COUNCIL.

Program 2

Expenses: $4,299,273 Revenue: $941,250

ADVOCACY AND MEMBERSHIP SERVICES - NSBA PROVIDES SUPPORT, RESOURCES, EDUCATION AND MATERIALS FOR ITS 49 STATE ASSOCIATION MEMBERS. NSBA'S ADVOCACY OFFICE CONSISTS OF THREE PILLARS - FEDERAL ADVOCACY, LEGAL ADVOCACY AND PUBLIC ADVOCACY. NSBA REPRESENTS THE INTERESTS OF THE NATION'S 90,000 LOCAL SCHOOL BOARD MEMBERS BEFORE CONGRESS, FEDERAL COURTS AND THE PUBLIC.

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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 $7,707,796

Investment Income $676

Other Revenue $1,019,138

TOTAL REVENUE $8,727,610

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,263,855

Fundraising Expenses $0

Program Expenses $10,759,735

Other Expenses $7,946,061

TOTAL EXPENSES $12,209,916

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,727,610	$14,416,314	-0.4%
Expenses	$12,209,916	$14,089,899	-0.1%
Net Income	$-3,482,306	$326,415	-11.7%

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

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

$391,920

Total Directors

Key Employees

$897,403

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK S HENDERSON	IMMEDIATE PAST PRESIDENT	5.00	Director	$0	$0	$0
SAMI-AL-ABDRABBUH	REGIONAL DIRECTOR - PACIFIC	2.00	Director	$0	$0	$0
BECKY FLES	REGIONAL DIRECTOR - NE REG	2.00	Director	$0	$0	$0
FLOR DIAZ SMITH	DIRECTOR - EASTERN	2.00	Director	$0	$0	$0
MARVYN JARAMILLO	DIRECTOR - CENTRAL	2.00	Director	$0	$0	$0
MATTHEW RUSSELL SHOWALTER	REGIONAL DIRECTOR - CENTRAL	2.00	Director	$0	$0	$0
PETER HOEPFNER	REGIONAL DIRECTOR - PACIFIC	2.00	Director	$0	$0	$0
KRISTI SWETT	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARNIE J MARALDO	REGIONAL DIRECTOR - PACIFIC	2.00	Director	$0	$0	$0
DEVIN SHEEHAN	PRESIDENT-ELECT	2.00	Officer Director	$0	$0	$0
LEONARD LOCKHART	DIRECTOR - EASTERN	2.00	Director	$0	$0	$0
ERIC STROEDER	REGIONAL DIRECTOR - WESTERN REGION	2.00	Director	$0	$0	$0
LYDIA TEDONE	REGIONAL DIRECTOR - NE REG	2.00	Director	$0	$0	$0
GILL GARRET	EX OFFICIO VOTING DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL JAIME	EX OFFICIO VOTING DIRECTOR	2.00	Director	$0	$0	$0
MILDRED LEFEBVRE	EX OFFICIO VOTING DIRECTOR	2.00	Director	$0	$0	$0
STEVEN BAILEY	EX OFFICIO VOTING DIRECTOR	2.00	Director	$0	$0	$0
STEVE CORONA	SECRETARY TREASURER	5.00	Officer Director	$0	$0	$0
MARVYN JARAMILLO	DIRECTOR - CENTRAL	2.00	Director	$0	$0	$0
MCCOTTER-JACOBS VERJEANA CAROL	EXECUTIVE DIRECTOR AND CEO	35.00	Officer	$367,636	$24,284	$391,920
NEGRON FRANCISCO M	CHIEF LEGAL OFFICER	35.00	Key Emp	$236,544	$41,094	$277,638
JOE RENEE B	INTERIM CHIEF TRANSFORMATION OFFICER	35.00	Key Emp	$236,581	$18,628	$255,209
HEIM JOHN	NSBA ADVOCACY OFFICER	35.00	Key Emp	$330,136	$34,420	$364,556
LUSTIG ADAM	MANAGING DIRECTOR, EQUITY PROGRAM	35.00	Highest	$148,801	$22,351	$171,152
GILMORE ERINA	SENIOR DIRECTOR, MARKETING & DESIGN	35.00	Highest	$127,007	$32,296	$159,303
CARTER TAMMY	SENIOR DIRECTOR, LEGAL SERVICES	35.00	Highest	$135,924	$18,278	$154,202
TRAINOR SONJA H	MANAGING DIRECTOR, LEGAL ADVOCACY	35.00	Highest	$186,457	$7,932	$194,389
CARTY VALARIE	MANAGING DIRECTOR, MEMBERSHIP & PROGRAM	35.00	Highest	$141,380	$19,255	$160,635

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	$8,727,610	$12,209,916	$9,830,467	$-3,482,306
2022	$14,416,314	$14,089,899	$15,109,353	$326,415
2021	$13,194,501	$12,698,696	$13,196,789	$495,805
2020	$15,111,042	$13,674,499	$12,371,027	$1,436,543
2019	$19,241,395	$17,251,748	$13,752,980	$1,989,647
2018	$18,775,648	$17,247,185	$13,398,045	$1,528,463