GEORGIA SCHOOL BOARDS ASSOCIATION WORKERS' COMPENSATION FUND (EIN 582016361) - 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

1992

Legal Domicile

Principal Officer

VALARIE WILSON

Phone

7709622985

Tax Period

2024-07-01 to 2025-06-30

GEORGIA SCHOOL BOARDS ASSOCIATION WORKERS' COMPENSATION FUND, founded in 1992, is a mid-sized nonprofit in the Education sector that reported $22.1M in total revenue in fiscal year 2024. Expenses of $19.5M left a modest 12% surplus.

Mission

FOR COMPLETE DESCRIPTION.THE MISSION OF THE GEORGIA SCHOOL BOARDS ASSOCIATION WORKERS'COMPENSATION FUND IS TO PARTNER WITH LOCAL SCHOOL SYSTEMS TO PROTECTASSETS AND MINIMIZE LOSSES THROUGH SUPERIOR CUSTOMIZED ALTERNATIVES TOTRADITIONAL INSURANCE WHILE MAINTAINING FINANCIAL INTEGRITY.

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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 $0

Program Service Revenue $15,999,702

Investment Income $6,094,341

Other Revenue $0

TOTAL REVENUE $22,094,043

Expense Breakdown

Grants Paid $29,680

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $18,343,132

Other Expenses $19,420,917

TOTAL EXPENSES $19,450,597

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,094,043	$20,644,938	+0.1%
Expenses	$19,450,597	$17,673,011	+0.1%
Net Income	$2,643,446	$2,971,927	-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

N/A

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

$364,335

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE BARNETTE	CHAIR	0.50	Officer Director	$0	$0	$0
KAREN ARMSTRONG	VICE CHAIR	0.50	Officer Director	$0	$0	$0
PAUL BROOKSHER	TRUSTEE	0.50	Director	$0	$0	$0
RON HOPKINS	TRUSTEE	0.50	Director	$0	$0	$0
SCOTT COWART	TRUSTEE	0.50	Director	$0	$0	$0
STACI NEWSOME	TRUSTEE	0.50	Director	$0	$0	$0
BRYON JONES	TRUSTEE	0.50	Director	$0	$0	$0
SONYA BUNDICK	TRUSTEE	0.50	Director	$0	$0	$0
VINCENT HAMM	TRUSTEE	0.50	Director	$0	$0	$0
VALARIE V WILSON	SECRETARY/TREASURER	4.00	Officer	$0	$50,370	$364,335

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	$22,094,043	$19,450,597	$99,988,118	$2,643,446
2024	$20,644,938	$17,673,011	$91,941,475	$2,971,927
2023	$16,703,886	$13,333,674	$86,350,055	$3,370,212
2022	$15,076,432	$10,562,480	$82,470,003	$4,513,952
2021	$15,561,123	$9,588,328	$80,088,546	$5,972,795
2020	$15,909,829	$7,451,732	$71,784,348	$8,458,097
2019	$16,198,988	$9,801,037	$66,769,219	$6,397,951
2018	$15,051,591	$11,462,336	$59,393,602	$3,589,255

GEORGIA SCHOOL BOARDS ASSOCIATION WORKERS' COMPENSATION FUND