ALASKA ASSOCIATION OF SCHOOL BUSIN… - Form 990 Financial Data

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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

1975

Legal Domicile

Principal Officer

Darcy Carter

Phone

9077440719

Tax Period

2024-04-01 to 2025-03-31

ALASKA ASSOCIATION OF SCHOOL BUSINESS OFFICIALS, founded in 1975, is a small nonprofit that reported $351K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

To organize and present conferences and training events for school business officials within the State of Alaska.

Program Service Accomplishments

Program 1

Annual conference held in December each year.

Program 2

New business manager institute (NBMI) - A three year PD program for new and/or aspiring business managers.

Program 3

Professional Development Tracks - Currently offering specialized Zoom workshops to members in Human Resources by monthly subscription and an annual one day workshop on Good Maintenance practices.

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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 $163,165

Program Service Revenue $178,488

Investment Income $9,032

Other Revenue $175

TOTAL REVENUE $350,860

Expense Breakdown

Grants Paid $2,520

Salaries & Benefits $100,966

Fundraising Expenses $0

Other Expenses $241,444

TOTAL EXPENSES $344,930

Year-over-Year Comparison

	2024	2023	Change
Revenue	$350,860	$300,619	+0.2%
Expenses	$344,930	$315,043	+0.1%
Net Income	$5,930	$-14,424	-1.4%

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

$89,050

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Darcy Carter	Executive Dir.	20.00	Officer	$41,550	$0	$41,550
Cindy Reilly	Education Dir.	20.00	Officer	$30,000	$0	$30,000
Leslie Young	Member Services	20.00	Officer	$17,500	$0	$17,500
Katie Parrott	Secretary	2.00	Officer Director	$0	$0	$0
Yodean Armour	Imm Past Pres	2.00	Officer Director	$0	$0	$0
Heather Heineken	President	2.00	Officer Director	$0	$0	$0
Phil Hulett	President Elect	2.00	Officer Director	$0	$0	$0
Laura Hylton	Treasurer	2.00	Officer Director	$0	$0	$0
Amber Cawley	Director	1.00	Director	$0	$0	$0
Megan Williams	Director	1.00	Director	$0	$0	$0
Nico Herbert	Director	1.00	Director	$0	$0	$0
Ashley Scott	Director	1.00	Director	$0	$0	$0
Justin Michaud	Director	1.00	Director	$0	$0	$0
Shannon Baird	Director	1.00	Director	$0	$0	$0
Alenita Danner	Ex-Off Director	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	$350,860	$344,930	$303,065	$5,930
2024	$300,619	$315,043	$288,240	$-14,424
2023	$292,285	$295,112	$296,674	$-2,827
2022	$231,816	$179,104	$299,208	$52,712
2020	$221,178	$223,336	$168,132	$-2,158
2019	$208,132	$170,875	$166,779	$37,257

ALASKA ASSOCIATION OF SCHOOL BUSINESS OFFICIALS