KENTUCKY SCHOOL BOARDS ASSOCIATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1936

Legal Domicile

Principal Officer

KERRI SCHELLING

Phone

5026954630

Tax Period

2023-07-01 to 2024-06-30

KENTUCKY SCHOOL BOARDS ASSOCIATION, founded in 1936, is a community nonprofit that reported $5.1M in total revenue in fiscal year 2023.

Mission

KSBA EMPOWERS SCHOOL DISTRICTS THROUGH SUPPORT, SERVICES AND TRAINING OF KENTUCKY'S LOCALLY ELECTED SCHOOL BOARDS. KSBA STRIVES TO ENHANCE BOARD LEADERSHIP, PROMOTE EFFECTIVE DISTRICT GOVERNANCE AND, ULTIMATELY, MAXIMIZE STUDENT ACHIEVEMENT.

Program Service Accomplishments

Program 1

Expenses: $3,280,479 Revenue: $4,552,142

A. INFORMATIONAL, EDUCATIONAL AND FUNCTIONAL SERVICES, AND PUBLIC ADVOCACY FOR ALL KENTUCKY PUBLIC SCHOOL BOARDS OF EDUCATION, THEIR ADMINISTRATIVE STAFF, AND LEGAL COUNSEL. DURING THE 2023-2024...

A. INFORMATIONAL, EDUCATIONAL AND FUNCTIONAL SERVICES, AND PUBLIC ADVOCACY FOR ALL KENTUCKY PUBLIC SCHOOL BOARDS OF EDUCATION, THEIR ADMINISTRATIVE STAFF, AND LEGAL COUNSEL. DURING THE 2023-2024 FISCAL YEAR, KSBA'S POLICY SERVICE PREPARED 9,124 INDIVIDUALIZED POLICY AND PROCEDURAL CHANGES FOR KENTUCKY SCHOOL DISTRICTS STEMMING FROM CHANGES TO STATE AND FEDERAL LAWS. ADDITIONALLY, TRAINING OFFERED TO MEMBERS VIA CONFERENCES, WEBINARS, IN-DISTRICT TRAINING, AND SELF-STUDY RESULTED IN 8,400 TO 11,463 TRAINING HOURS EARNED BY SCHOOL BOARD MEMBERS THIS YEAR.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,601,025

Investment Income $223,230

Other Revenue $287,367

TOTAL REVENUE $5,111,622

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,746,529

Fundraising Expenses $0

Program Expenses $3,280,479

Other Expenses $2,247,719

TOTAL EXPENSES $4,994,248

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,111,622	$5,003,393	+0.0%
Expenses	$4,994,248	$4,920,828	+0.0%
Net Income	$117,374	$82,565	+0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$400,991

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVONNA PAGE	IMMEDIATE PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
KAREN BYRD	PRESIDENT	5.00	Officer Director	$0	$0	$0
PAMELA MOREHEAD-JOHNSON	PRESIDENT-ELECT	2.00	Officer Director	$0	$0	$0
HANNAH BARNES	DIRECTOR	2.00	Director	$0	$0	$0
TOM BELL	DIRECTOR FROM 1/2024	2.00	Director	$0	$0	$0
JEANNE BERGER	DIRECTOR TO 2/2024	2.00	Director	$0	$0	$0
DIANE BERRY	DIRECTOR TO 12/2023	2.00	Director	$0	$0	$0
JERRY BROWNING	DIRECTOR	2.00	Director	$0	$0	$0
BECKY BURGETT	DIRECTOR	2.00	Director	$0	$0	$0
KRISTY CAREY	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW CLINE	DIRECTOR TO 2/2024	2.00	Director	$0	$0	$0
CHRIS COOK	DIRECTOR	2.00	Director	$0	$0	$0
LARRY DODSON	DIRECTOR	2.00	Director	$0	$0	$0
KIM FENDER	DIRECTOR	2.00	Director	$0	$0	$0
JOANNA FREELS	DIRECTOR FROM 2/2024	2.00	Director	$0	$0	$0
TOM HAGGARD	DIRECTOR	2.00	Director	$0	$0	$0
PAT HALL	DIRECTOR FROM 1/2024	2.00	Director	$0	$0	$0
DEBBIE HAMMERS	DIRECTOR	2.00	Director	$0	$0	$0
BOB HUTCHINSON	DIRECTOR TO 12/2023	2.00	Director	$0	$0	$0
DONNA ISFORT	DIRECTOR	2.00	Director	$0	$0	$0
MEGAN JONES	DIRECTOR TO 12/2023	2.00	Director	$0	$0	$0
RICHARD KAZSUK	DIRECTOR TO 2/2024	2.00	Director	$0	$0	$0
VANESSA LUCAS	DIRECTOR	2.00	Director	$0	$0	$0
JEREMY LUCKETT	DIRECTOR	2.00	Director	$0	$0	$0
KEITH MASON	DIRECTOR	2.00	Director	$0	$0	$0
ANGELA PARSONS-WOODS	DIRECTOR	2.00	Director	$0	$0	$0
CINDY PRICE	DIRECTOR TO 12/2023	2.00	Director	$0	$0	$0
KATHLEEN PRICE	DIRECTOR FROM 2/2024	2.00	Director	$0	$0	$0
BRENDA ROSE	DIRECTOR TO 12/2023	2.00	Director	$0	$0	$0
BRANDON RUTHERFORD	DIRECTOR	2.00	Director	$0	$0	$0
BLAIR SKIDMORE	DIRECTOR	2.00	Director	$0	$0	$0
SHAWN SMEE	DIRECTOR	2.00	Director	$0	$0	$0
DAVID TURNER	DIRECTOR FROM 2/2024	2.00	Director	$0	$0	$0
NANCY UHLS	DIRECTOR	2.00	Director	$0	$0	$0
KERRI SCHELLING	EXECUTIVE DIRECTOR	37.50	Officer	$177,112	$33,355	$210,467
STEVE SMITH	CHIEF FINANCIAL OFFICER	37.50	Officer	$163,634	$26,890	$190,524
RONNIE NOLAN	KECSAC GRANT EXEC DIRECTOR	37.50	Highest	$130,677	$22,467	$153,144

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	$5,111,622	$4,994,248	$5,858,997	$117,374
2023	$5,003,393	$4,920,828	$5,605,630	$82,565
2022	$4,195,648	$3,690,033	$5,301,450	$505,615
2021	$3,527,131	$3,756,911	$5,168,377	$-229,780
2020	$4,614,183	$4,442,288	$5,262,017	$171,895
2019	$4,906,087	$4,719,737	$5,065,767	$186,350
2018	$5,718,534	$5,675,535	$5,195,999	$42,999