GEORGIA SCHOOL BOARDS ASSOCIATION RISK MANAGEMENT FUND

EIN: 582159813 501(c)(3)

LAWRENCEVILLE, GA

Total Revenue
$49,204,188
Total Expenses
$53,121,393
Total Assets
$56,404,642
Net Assets
$20,357,807
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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
1994
Legal Domicile
GA
Principal Officer
VALARIE WILSON
Phone
7709622985
Tax Period
2023-07-01 to 2024-06-30

GEORGIA SCHOOL BOARDS ASSOCIATION RISK MANAGEMENT FUND, founded in 1994, is a mid-sized nonprofit that reported $49.2M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum.

Mission

FOR COMPLETE DESCRIPTION.THE MISSION OF THE GSBA RISK MANAGEMENT FUND IS TO PARTNER WITH LOCALSCHOOL SYSTEMS TO PROTECT ASSETS AND MINIMIZE LOSSES THROUGH SUPERIORCUSTOMIZED ALTERNATIVES TO TRADITIONAL INSURANCE WHILE MAINTAININGFINANCIAL 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $46,028,086
Investment Income $3,176,102
Other Revenue $0
TOTAL REVENUE $49,204,188

Expense Breakdown

Grants Paid $24,045
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $51,679,928
Other Expenses $53,097,348
TOTAL EXPENSES $53,121,393

Year-over-Year Comparison

2023 2022 Change
Revenue $49,204,188 $37,077,767 +0.3%
Expenses $53,121,393 $40,545,138 +0.3%
Net Income $-3,917,205 $-3,467,371 +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

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
9

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
3
$336,553
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VALARIE V WILSON EXECUTIVE DIRECTOR 4.00
Officer
$0 $45,941 $336,553
RONALD HOPKINS CHAIR 0.50
Officer Director
$0 $0 $0
DAVID LEWIS VICE CHAIR 0.50
Officer Director
$0 $0 $0
TERESA HARDY TRUSTEE 0.50
Director
$0 $0 $0
EADDY SAMS TRUSTEE 0.50
Director
$0 $0 $0
KENNETH DYER TRUSTEE 0.50
Director
$0 $0 $0
NATHAN FRANKLIN TRUSTEE 0.50
Director
$0 $0 $0
NORIS PRICE TRUSTEE 0.50
Director
$0 $0 $0
VIRGIL COLE TRUSTEE 0.50
Director
$0 $0 $0
BYRON JONES TRUSTEE 0.50
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 No data No data No data No data
2024 $49,204,188 $53,121,393 $56,404,642 $-3,917,205
2023 $37,077,767 $40,545,138 $56,214,007 $-3,467,371
2022 $34,786,604 $30,539,635 $52,422,531 $4,246,969
2021 $29,740,665 $24,655,186 $47,017,987 $5,085,479
2020 $26,877,889 $28,629,441 $44,110,502 $-1,751,552
2019 $24,143,138 $27,605,662 $43,721,527 $-3,462,524
2018 $22,706,527 $21,773,010 $42,070,479 $933,517
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