IOWA ASSOCIATION OF SCHOOL BOARDS

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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

DT MAGEE

Phone

5152881991

Tax Period

2023-07-01 to 2024-06-30

IOWA ASSOCIATION OF SCHOOL BOARDS, founded in 1949, is a community nonprofit that reported $4.7M in total revenue in fiscal year 2023. The organization ran a surplus of $911K, a strong 19% operating margin.

Mission

TO EDUCATE, SUPPORT AND CHALLENGE PUBLIC SCHOOL BOARD MEMBERS IN THEIR PURSUIT OF WORLD-CLASS EDUCATION FOR ALL STUDENTS IN IOWA.

Program Service Accomplishments

Program 1

Expenses: $1,769,642 Revenue: $1,489,431

MEMBER SERVICES INCLUDING: EDUCATIONAL WEBINARS, GRASSROOTS ADVOCACY, INFORMATIONAL BROCHURES, LABOR RELATIONS, LEGAL AND LEGISLATIVE INFORMATION, AND SCHOOL FINANCE SUPPORT.

Program 2

Expenses: $600,198 Revenue: $630,533

ANNUAL CONVENTION AND CONFERENCES TO TRAIN MEMBERS ON VARIOUS SUBJECTS PERTAINING TO SCHOOL BOARD LEADERSHIP, SCHOOL DISTRICT MANAGEMENT, AND OTHER EDUCATIONAL RESPONSIBILITIES.

Program 3

Expenses: $280,574 Revenue: $395,196

CONSULTING SERVICES AND WORKSHOPS TO ASSIST SCHOOL BOARDS IN POLICY DEVELOPMENT, BOARD GOVERNANCE, BUDGETING, AND STRATEGIC PLANNING.

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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 $4,461,760

Investment Income $123,816

Other Revenue $103,464

TOTAL REVENUE $4,689,040

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,580,411

Fundraising Expenses $0

Program Expenses $2,705,342

Other Expenses $1,197,144

TOTAL EXPENSES $3,777,555

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,689,040	$4,446,423	+0.1%
Expenses	$3,777,555	$3,580,585	+0.1%
Net Income	$911,485	$865,838	+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

$422,468

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CALVIN VANDEKROL	CFO	40.00	Officer	$158,065	$23,503	$181,568
SHAWN SNYDER	GOVT. RELATIONS/SCHOOL FIN	40.00	Highest	$167,823	$10,069	$177,892
SIOBHAN SCHNEIDER	POLICY/LEGAL SERVICES DIRE	40.00	Highest	$152,820	$9,169	$161,989
LISA BARTUSEK THRU 63023	EXECUTIVE DIRECTOR	40.00	Officer	$113,018	$13,551	$126,569
RONI ARGETSINGER	IT DIRECTOR	40.00	Highest	$105,461	$13,607	$119,068
DUANE T MAGEE EFFECT 7123	EXECUTIVE DIRECTOR	40.00	Officer	$107,068	$7,263	$114,331
ELIZABETH BRENNAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
JESSE HOWARD	PRESIDENT ELECT	2.00	Officer Director	$0	$0	$0
JIM GREEN	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
ROGER SHAFFER	TREASURER	2.00	Officer Director	$0	$0	$0
JEROD WORK	DIRECTOR DISTRICT 1	1.00	Director	$0	$0	$0
THOMAS NUGENT	DIRECTOR DISTRICT 2	1.00	Director	$0	$0	$0
MARY ANN MUNGER END JAN	DIRECTOR DISTRICT 3	1.00	Director	$0	$0	$0
SHERI PENNEY BEG JAN	DIRECTOR DISTRICT 3	1.00	Director	$0	$0	$0
AL HAZELTON END JAN	DIRECTOR DISTRICT 4	1.00	Director	$0	$0	$0
DUANE HORSLEY	DIRECTOR DISTRICT 4	1.00	Director	$0	$0	$0
ALEX SMITH END JAN	DIRECTOR DISTRICT 5A	1.00	Director	$0	$0	$0
CHAD CRABB	DIRECTOR DISTRICT 5A	1.00	Director	$0	$0	$0
MARY POULTER	DIRECTOR DISTRICT 5B	1.00	Director	$0	$0	$0
FRANK WOOD	DIRECTOR DISTRICT 6A	1.00	Director	$0	$0	$0
JENNIFER BORCHERDING	DIRECTOR DISTRICT 6B	1.00	Director	$0	$0	$0
LAURA MCLEAN	DIRECTOR DISTRICT 7	1.00	Director	$0	$0	$0
JARED MCDONALD	DIRECTOR DISTRICT 8	1.00	Director	$0	$0	$0
TIM BOWER END JAN	DIRECTOR DISTRICT 9	1.00	Director	$0	$0	$0
CHRISTIE KESSEL BEG JAN	DIRECTOR DISTRICT 9	1.00	Director	$0	$0	$0
AMY JURRENS	AEA REPRESENTATIVE	1.00	Director	$0	$0	$0
ALAN JENSEN	IACCT REPRESENTATIVE	1.00	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	No data	No data	No data	No data
2024	$4,689,040	$3,777,555	$7,039,474	$911,485
2023	$4,446,423	$3,580,585	$6,264,452	$865,838
2022	$3,513,289	$3,352,709	$4,695,775	$160,580
2021	$3,162,269	$2,934,097	$4,482,896	$228,172
2020	$3,713,752	$3,352,079	$4,298,520	$361,673
2019	$3,709,174	$3,454,568	$3,953,431	$254,606