NEBRASKA ASSOCIATION OF SCHOOL BOARDS (EIN 470408744) - 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

1948

Legal Domicile

Principal Officer

JOHN C SPATZ

Phone

4024234951

Tax Period

2024-04-01 to 2025-03-31

NEBRASKA ASSOCIATION OF SCHOOL BOARDS, founded in 1948, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $3.6M left a modest 7% surplus.

Mission

TO ENHANCE PUBLIC EDUCATION IN NEBRASKA BY SUPPORTING NEBRASKA SCHOOL BOARDS.

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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 $25,150

Program Service Revenue $3,316,072

Investment Income $72,010

Other Revenue $428,146

TOTAL REVENUE $3,841,378

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,354,066

Fundraising Expenses $0

Program Expenses $2,388,575

Other Expenses $1,211,337

TOTAL EXPENSES $3,565,403

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,841,378	$3,474,154	+0.1%
Expenses	$3,565,403	$3,308,221	+0.1%
Net Income	$275,975	$165,933	+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

$302,418

Total Directors

Key Employees

$204,917

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN C SPATZ	EXECUTIVE DIRECTOR	40.00	Officer	$203,425	$37,684	$302,418
MEGAN BOLDT	DIRECTOR OF ALICAP	40.00	Key Emp	$182,747	$22,170	$204,917
RACHEL HORSTMAN	BUSINESS MANAGER	40.00	Highest	$144,466	$17,806	$162,272
MARCIA HERRING	DIRECTOR OF BOARD LEADERSHIP	40.00	Highest	$132,508	$24,427	$156,935
COLBY COASH	ASSOCIATE EXECUTIVE DIRECTOR	40.00	Highest	$134,393	$18,661	$153,054
SALLIE HORKY	CHIEF OPERATING OFFICER	40.00	Highest	$129,448	$16,828	$146,276
SHARI BECKER	DIRECTOR OF ED LEADERSHIP SEARCH	40.00	Highest	$106,739	$18,314	$125,053
STACY JOLLEY	PRESIDENT	2.00	Officer Director	$0	$0	$0
SANDY NOFFSINGER	PRESIDENT THRU 11/2024	2.00	Officer Director	$0	$0	$0
KIM BURRY	PAST PRESIDENT THRU 11/2024	2.00	Officer Director	$0	$0	$0
ED SWOTEK	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BRAD WILKINS	VICE PRESIDENT THRU 11/2024	2.00	Officer Director	$0	$0	$0
STEVE BLOCHER	TREASURER	2.00	Officer Director	$0	$0	$0
SUZANNE SAPP	SECRETARY	2.00	Officer Director	$0	$0	$0
BRENDA SHERMAN	DIRECTOR	1.00	Director	$0	$0	$0
KYLE FISHER	DIRECTOR	1.00	Director	$0	$0	$0
SHAVONNA HOLMAN	DIRECTOR	1.00	Director	$0	$0	$0
NEAL KANEL	DIRECTOR	1.00	Director	$0	$0	$0
BOB RAUNER	DIRECTOR	1.00	Director	$0	$0	$0
JIM VLACH	DIRECTOR	1.00	Director	$0	$0	$0
LISA WAGNER	DIRECTOR	1.00	Director	$0	$0	$0
NANCY KRATKY	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE REIKOFSKI	DIRECTOR	1.00	Director	$0	$0	$0
ANNIE MUMGAARD	DIRECTOR	1.00	Director	$0	$0	$0
PAM HOLCOMB	DIRECTOR	1.00	Director	$0	$0	$0
RICKY SMITH	DIRECTOR	1.00	Director	$0	$0	$0
ERICK LEE	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN ERNEST	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH KUMRU	DIRECTOR	1.00	Director	$0	$0	$0
LISA ALBERS	DIRECTOR	1.00	Director	$0	$0	$0
STEVE KOCH	DIRECTOR	1.00	Director	$0	$0	$0
MARILYN BOHN	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON SANDMAN	DIRECTOR	1.00	Director	$0	$0	$0
TRACY CASADY	DIRECTOR THRU 11/2024	1.00	Director	$0	$0	$0
SARAH CENTINEO	DIRECTOR THRU 11/2024	1.00	Director	$0	$0	$0
RENEE VOKT	DIRECTOR THRU 11/2024	1.00	Director	$0	$0	$0
AMANDA MCGILL JOHNSON	DIRECTOR THRU 11/2024	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	$3,841,378	$3,565,403	$4,098,806	$275,975
2024	$3,474,154	$3,308,221	$3,793,012	$165,933
2023	$3,160,873	$3,156,981	$3,574,222	$3,892
2022	$2,631,791	$2,714,405	$3,468,686	$-82,614
2021	$2,639,778	$2,529,391	$3,648,005	$110,387
2020	$2,579,121	$2,550,899	$3,392,971	$28,222
2019	$2,154,636	$2,170,658	$3,332,335	$-16,022

NEBRASKA ASSOCIATION OF SCHOOL BOARDS