WASHINGTON, DC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BOARDSOURCE, founded in 1990, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.5M in total revenue in fiscal year 2025. Revenue decreased 16% compared to the prior year. Expenses of $6.0M exceeded revenue, resulting in a 73% operating deficit.
TO INSPIRE AND SUPPORT NONPROFIT BOARDS AND EXECUTIVES TO LEAD JUSTLY AND WITH PURPOSE. BOARDSOURCE ENVISIONS A FUTURE WHERE THE NONPROFIT COMMUNITY HAS THE LEADERSHIP TO FULFILL ITS PURPOSE AND CREATE A WORLD WHERE ALL CAN THRIVE.
THOUGHT LEADERSHIP: BOARDSOURCE'S RESEARCH AND THOUGHT LEADERSHIP HIGHLIGHT THE IMPORTANCE OF EFFECTIVE BOARD LEADERSHIP, ADDRESSING THE CHALLENGES FACING NONPROFIT LEADERS AND IDENTIFYING...
THOUGHT LEADERSHIP: BOARDSOURCE'S RESEARCH AND THOUGHT LEADERSHIP HIGHLIGHT THE IMPORTANCE OF EFFECTIVE BOARD LEADERSHIP, ADDRESSING THE CHALLENGES FACING NONPROFIT LEADERS AND IDENTIFYING OPPORTUNITIES FOR GREATER SECTOR IMPACT. WE FOCUS ON TRENDS IMPACTING NONPROFIT LEADERSHIP PERFORMANCE AND EFFECTIVENESS, GENERATING EVIDENCE-BASED RECOMMENDATIONS FOR BOARD PRACTICE. BOARDSOURCE'S PURPOSE DRIVEN BOARD LEADERSHIP (PDBL) MODEL, INTRODUCED IN 2021, ENABLES BOARDS AND THE ORGANIZATIONS THEY SERVE TO BETTER ACHIEVE THEIR ORGANIZATION'S PURPOSE AND MISSION. IN 2025, BOARDSOURCE CONTINUED TO OFFER TRAININGS AND RESOURCES TO HELP THE FIELD OPERATIONALIZE THIS FRAMEWORK AND IMPLEMENTED A NEW THEORY OF PRACTICE THAT ENABLES THE ORGANIZATION TO CREATE RICHER AND MORE TAILORED RESOURCES TO BETTER MEET GOVERNANCE NEEDS ACROSS THE SECTOR. BOARDSOURCE IS COMMITTED TO LISTENING AND LEARNING FROM OUR COMMUNITY OF NONPROFITS AND FOUNDATIONS TO CENTER THE COLLECTIVE WISDOM OF THE SECTOR, BRINGING TOGETHER OUR 35+ YEARS OF GOVERNANCE EXPERIENCE WITH THE INNOVATION OF OUR SECTOR'S LEADERS TO ENHANCE OUR NONPROFIT ECOSYSTEM. MEMBERSHIP AND OTHER FEE FOR SERVICE PROGRAMMING: OVER THE COURSE OF 35+ YEARS OF DIRECT ENGAGEMENT WITH BOARDS AND EXECUTIVES, BOARDSOURCE HAS BECOME THE GO-TO GOVERNANCE RESOURCE FOR NONPROFIT ORGANIZATIONS. WE INSPIRE, CHALLENGE, EDUCATE AND SUPPORT A GROWING COMMUNITY OF MEMBERS NATIONWIDE, AND ARE COMMITTED TO SERVING ORGANIZATIONS OF ALL SIZES BY PROVIDING AFFORDABLE AND SCALABLE RESOURCES. THROUGH MEMBERSHIP, BOARDSOURCE PROVIDES A RANGE OF PRACTICAL SUPPORTS THAT MEET THE NEEDS OF ORGANIZATIONS AND BOARDS AT DIFFERENT STAGES OF THEIR DEVELOPMENT, INCLUDING TRAINING PROGRAMS, WRITTEN RESOURCES ON A RANGE OF LEADERSHIP TOPICS, TECHNICAL SUPPORT AND ACCESS TO A VIBRANT ONLINE COMMUNITY. MEMBERSHIP PROGRAMS INCLUDE THE BOARD SUPPORT PROGRAM (OUR CORE OFFERING) FOR NONPROFITS AS WELL AS TAILORED PROGRAMS FOR CORPORATIONS, FOUNDATIONS, FEDERATED NETWORKS AND INDIVIDUAL NONPROFIT EXECUTIVES. MEMBERS CAN ACCESS BOARDSOURCE'S LIBRARY OF NONPROFIT BOARD LEADERSHIP RESOURCES WHICH INCLUDE PUBLICATIONS AND TOOLS ON A BROAD RANGE OF TOPICS RELEVANT TO NONPROFIT EXECUTIVES, BOARD LEADERS, AND PRACTITIONERS. IN 2025, HUNDREDS OF THOUSANDS OF NONPROFIT LEADERS FROM ACROSS THE COUNTRY ACCESSED INFORMATION ON BOARDSOURCE.ORG AS WELL AS VIEWED AND/OR DOWNLOADED ONLINE RESOURCES. WE ALSO CONTINUED AN INTERNAL REVIEW OF OUR RESOURCES TO ENSURE THAT THEY REFLECT THE LATEST THINKING AND PRACTICES FOR A STRONG SECTOR. ASSESSMENTS ARE A CRITICAL TOOL TO ENABLE STRONG GOVERNANCE AND NONPROFIT BOARD LEADERSHIP. BOARDSOURCE'S ASSESSMENT SERVICES ASSIST ORGANIZATIONS IDENTIFY CORE ISSUES IN PERFORMANCE AND DEVELOPMENT OF THEIR BOARDS AND CHIEF EXECUTIVES. BOARDSOURCE'S PROFESSIONAL DEVELOPMENT PROGRAMS PROVIDE TRAINING AND SUPPORTS FOR GOVERNANCE CONSULTANTS WHO WORK DIRECTLY WITH BOARDS, AS WELL AS DIRECT LEADERSHIP DEVELOPMENT FOR EXECUTIVES AND BOARD MEMBERS. IN ADDITION TO PRESENTATIONS AND TRAININGS, BOARDSOURCE OFFERS A CERTIFICATE OF NONPROFIT BOARD EDUCATION AND A CERTIFICATE OF NONPROFIT BOARD CONSULTING.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2025 | 2024 | Change | |
|---|---|---|---|
| Revenue | $3,460,379 | $4,133,997 | -0.2% |
| Expenses | $5,999,352 | $4,972,900 | +0.2% |
| Net Income | $-2,538,973 | $-838,903 | +2.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MONIKA KALRA VARMA | PRESIDENT & CEO | 40.00 |
Officer
|
$378,046 | $40,538 | $418,584 |
| JUDY RECKELHOFF | CHIEF OF STAFF | 40.00 |
Highest
|
$209,119 | $19,646 | $228,765 |
| TARA HUFFMAN | CHIEF PROGRAM & STRATEGY OFFICER | 40.00 |
Highest
|
$191,037 | $30,439 | $221,476 |
| STELLA FORD | VP, STRATEGIC PARTNERSHIPS | 40.00 |
Highest
|
$173,934 | $22,391 | $196,325 |
| ANGELYN FRAZER-GILES | DIR. GOVERNANCE NETWORKS & INNOV. | 40.00 |
Highest
|
$136,617 | $22,556 | $159,173 |
| MINA SHIN | DIR. OF MEMBER ENGAGMT & MARKETING | 40.00 |
Highest
|
$138,812 | $14,182 | $152,994 |
| JOAN PAYNE | VP, FINANCE | 25.00 |
Officer
|
$134,037 | $5,361 | $139,398 |
| MARK SHAMLEY | CHAIR | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| KEVIN WALKER | VICE CHAIR | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| KEITH LIEDERMAN | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| TERRI LEE FREEMAN | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JAMIE ALLISON | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| SILVIA ARGUETA | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| KYLE CALDWELL | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| STEPHANIE HULL | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| GENE TAKAGI | BOARD MEMBER | 3.00 |
Director
|
$0 | $0 | $0 |
| SHERECE WEST-SCANTLEBURY | BOARD MEMBER | 3.00 |
Director
|
$0 | $0 | $0 |
| SARAH KASTELIC | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| GEORGE SUTTLES | BOARD MEMBER | 3.00 |
Director
|
$0 | $0 | $0 |
| JULIA WILSON | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| AMY SAMPLE WARD | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| BO THAO-URABE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $3,460,379 | $5,999,352 | $5,862,346 | $-2,538,973 |
| 2024 | $4,133,997 | $4,972,900 | $8,983,934 | $-838,903 |
| 2023 | $4,124,939 | $4,695,411 | $10,111,728 | $-570,472 |
| 2022 | $3,803,950 | $3,996,402 | $10,860,434 | $-192,452 |
| 2021 | $9,425,118 | $3,062,594 | $10,359,989 | $6,362,524 |
| 2020 | $3,717,989 | $4,772,934 | $4,361,260 | $-1,054,945 |
| 2019 | $5,182,521 | $6,376,823 | $5,453,846 | $-1,194,302 |
| 2018 | $7,625,873 | $6,239,221 | $6,589,957 | $1,386,652 |
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