MID SOUTH INDEPENDENT SCHOOL BUSINESS OFFICERS INC (EIN 582057721) - 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

1993

Legal Domicile

Principal Officer

DAMIAN KAVANAGH

Phone

4049213811

Tax Period

2024-07-01 to 2025-06-30

MID SOUTH INDEPENDENT SCHOOL BUSINESS OFFICERS INC, founded in 1993, is a community nonprofit in the Unknown sector that reported $2.0M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.7M left a modest 14% surplus.

Mission

MISBO connects independent school professionals and delivers exceptional value to enrich learning.

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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 $64,605

Program Service Revenue $1,860,421

Investment Income $101,610

Other Revenue $14,278

TOTAL REVENUE $2,040,914

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,228,033

Fundraising Expenses $0

Program Expenses $1,438,104

Other Expenses $518,138

TOTAL EXPENSES $1,746,171

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,040,914	$1,807,285	+0.1%
Expenses	$1,746,171	$1,635,137	+0.1%
Net Income	$294,743	$172,148	+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

$363,214

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAMIAN KAVANAGH	President & CEO	40.0	Officer	$323,747	$39,467	$363,214
Michelle Shea	Vice President	40.0	Highest	$106,930	$21,261	$128,191
Alan Stob	Chair	5.0	Director	$0	$0	$0
Christie Holman	Vice Chair & Comm. Chair	5.0	Director	$0	$0	$0
Mark Vosskamp	Treasurer & Finance Chair	3.0	Director	$0	$0	$0
Matt Scully	Secretary	3.0	Director	$0	$0	$0
Dave Michelman	Committee Chair	3.0	Director	$0	$0	$0
Charles Maumus	Past Chair	2.0	Director	$0	$0	$0
Anita Pittman	Past Chair	2.0	Director	$0	$0	$0
Paul Ibsen	Secretary (THRU 6/30)	2.0	Director	$0	$0	$0
Brannon Fisette	Director at Large	2.0	Director	$0	$0	$0
Felix Jacomino	Director at Large	2.0	Director	$0	$0	$0
Veronique Kessler	Director at Large	2.0	Director	$0	$0	$0
Beth Lucas	Director at Large	2.0	Director	$0	$0	$0
Louise Mann	Director at Large	2.0	Director	$0	$0	$0
Todd Morris	Director at Large	2.0	Director	$0	$0	$0
Andrew Phelps	Director at Large	2.0	Director	$0	$0	$0
Jennifer Cookston	Director at Large	2.0	Director	$0	$0	$0
Lisa Wylie	Director at Large	2.0	Director	$0	$0	$0
Megan Jurick	Director at Large	2.0	Director	$0	$0	$0
Tom Murphy	Director at Large	2.0	Director	$0	$0	$0
Janet Graham	Director at Large	2.0	Director	$0	$0	$0
Victor Panchuk	Director at Large	2.0	Director	$0	$0	$0
Jeff Mitchell	Director at Large	2.0	Director	$0	$0	$0
Mike Sollberger	Director at Large	2.0	Director	$0	$0	$0
Karen McClelland	Director at Large	2.0	Director	$0	$0	$0
James Cooper	Director at Large	2.0	Director	$0	$0	$0
Jim Callis	DIRECTOR AT LARGE	2.0	Director	$0	$0	$0
Tracie Catlett	DIRECTOR AT LARGE	2.0	Director	$0	$0	$0
Iris Goodson	DIRECTOR AT LARGE	2.0	Director	$0	$0	$0
Jennifer Wyly	DIRECTOR AT LARGE	2.0	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	$2,040,914	$1,746,171	$4,098,078	$294,743
2024	$1,807,285	$1,635,137	$3,483,996	$172,148
2023	$1,556,584	$1,452,234	$2,958,906	$104,350
2022	$1,349,792	$1,286,304	$2,673,622	$63,488
2021	$1,187,592	$1,132,678	$2,740,485	$54,914
2020	$1,309,609	$1,081,729	$2,209,366	$227,880
2019	$1,254,058	$1,050,636	$2,057,218	$203,422
2018	$1,111,483	$1,011,805	$1,811,183	$99,678

MID SOUTH INDEPENDENT SCHOOL BUSINESS OFFICERS INC