MINNESOTA 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

1920

Legal Domicile

Principal Officer

KIRK SCHNEIDAWIND

Phone

5079342450

Tax Period

2024-07-01 to 2025-06-30

MINNESOTA SCHOOL BOARDS ASSOCIATION, founded in 1920, is a community nonprofit that reported $5.6M in total revenue in fiscal year 2024. Expenses of $4.9M left a modest 12% surplus.

Mission

A STATEWIDE UNIFYING VOICE FOR PUBLIC EDUCATION; MSBA SUPPORTS AND EMPOWERS MINNESOTA PUBLIC SCHOOL BOARDS THROUGH ADVOCACY, BOARD DEVELOPMENT, AND POLICY AND LEGAL GUIDANCE

Program Service Accomplishments

Program 1

Expenses: $3,822,334 Revenue: $1,344,740

MEETINGS, SEMINARS, PUBLICATIONS, AND SUPPORT SERVICES FOR BOARD MEMBERS AND ADMINISTRATION OF ALL MINNESOTA SCHOOL DISTRICTS.

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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 $1,996,684

Program Service Revenue $3,233,201

Investment Income $362,253

Other Revenue $0

TOTAL REVENUE $5,592,138

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,317,735

Fundraising Expenses $0

Program Expenses $3,822,334

Other Expenses $1,614,195

TOTAL EXPENSES $4,931,930

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,592,138	$5,300,680	+0.1%
Expenses	$4,931,930	$4,536,741	+0.1%
Net Income	$660,208	$763,939	-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

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

$442,851

Total Directors

$37,780

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTI PETERSON	PRESIDENT	1.00	Officer Director	$6,585	$0	$6,585
LINDA LEIDING	PAST PRESIDENT	1.00	Officer Director	$4,365	$0	$4,365
DAVID KLATT	DIRECTOR	1.00	Director	$1,860	$0	$1,860
MIKE PFEIL	DIRECTOR	1.00	Director	$2,100	$0	$2,100
SAMANTHA BEST	DIRECTOR	1.00	Director	$2,700	$0	$2,700
MILIND SOHONI	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE LANGENFELD	DIRECTOR	1.00	Director	$1,950	$0	$1,950
GAIL THEISEN	DIRECTOR	1.00	Director	$1,290	$0	$1,290
CORY JOHNSON	DIRECTOR	1.00	Director	$2,340	$0	$2,340
COLLIN BEACHY	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER NAEGELE	DIRECTOR	1.00	Director	$0	$0	$0
JON KARGER	DIRECTOR	1.00	Director	$2,760	$0	$2,760
TIM RIORDAN	DIRECTOR	1.00	Director	$3,480	$0	$3,480
TYLER BREKKEN	DIRECTOR	1.00	Director	$1,590	$0	$1,590
HUNTER FELDT	DIRECTOR	1.00	Director	$2,200	$0	$2,200
IRA JOURDAIN	DIRECTOR	1.00	Director	$600	$0	$600
GANGADHAR SOHONI	DIRECTOR	1.00	Director	$3,960	$0	$3,960
KIRK SCHNEIDAWIND	EXECUTIVE DIRECTOR	40.00	Officer	$217,949	$37,681	$255,630
GARY LEE	DEPUTY EXECUTIVE DIRECTOR	40.00	Officer	$143,345	$32,926	$176,271
TERENCE MORROW	LEGAL COUNSEL	40.00	Highest	$135,506	$33,810	$169,316
DENISE DITTRICH	DIRECTOR OF GOVERNMENT RELATIONS	40.00	Highest	$102,445	$29,167	$131,612
GAIL GILMAN	DIRECTOR OF STRATEGIC PLANNING AND BOARD GOVERNANC	40.00	Highest	$102,030	$18,871	$120,901
JOEL STENCEL	DIRECTOR OF FINANCE	40.00	Highest	$113,919	$40,375	$154,294

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	$5,592,138	$4,931,930	$8,296,740	$660,208
2024	$5,300,680	$4,536,741	$7,718,962	$763,939
2023	$5,277,456	$4,169,227	$6,941,068	$1,108,229
2022	$4,469,123	$3,760,407	$5,883,297	$708,716
2021	$4,123,314	$3,404,899	$5,120,035	$718,415
2020	$4,493,296	$4,190,097	$4,407,900	$303,199
2019	$4,566,597	$4,233,247	$4,161,098	$333,350