CALIFORNIA SCHOOL BOARDS ASSOCIATI… - Form 990 Financial Data

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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

1987

Legal Domicile

Principal Officer

LARE BLOODWORTH

Phone

9163714691

Tax Period

2024-07-01 to 2025-06-30

CALIFORNIA SCHOOL BOARDS ASSOCIATION FINANCE CORPORATION, founded in 1987, is a small nonprofit that reported $138K in total revenue in fiscal year 2024. Expenses of $201K exceeded revenue, resulting in a 46% operating deficit.

Mission

TO RENDER VARIOUS TYPES OF FINANCIAL ASSISTANCE SERVICES TO SCHOOL DISTRICTS, COUNTY OFFICES OF EDUCATION, OR ANY OTHER POLITICAL SUBDIVISION OR PUBLIC AGENCY OR BODY, A PRIMARY PURPOSE OF WHICH IS EDUCATION, IN THE STATE OF CALIFORNIA.

Program Service Accomplishments

Program 1

Revenue: $8,924

THROUGH THE CALIFORNIA CASH RESERVE PROGRAM, SCHOOL DISTRICTS ARE OFFERED TAX AND REVENUE ANTICIPATION NOTES (TRANS). TRANS ARE TAX-EXEMPT, SHORT-TERM SECURITIES USED EXTENSIVELY BY ALL TYPES OF...

THROUGH THE CALIFORNIA CASH RESERVE PROGRAM, SCHOOL DISTRICTS ARE OFFERED TAX AND REVENUE ANTICIPATION NOTES (TRANS). TRANS ARE TAX-EXEMPT, SHORT-TERM SECURITIES USED EXTENSIVELY BY ALL TYPES OF GOVERNMENTAL ENTITIES AS A CASH MANAGEMENT TOOL. STATE AND LOCAL GOVERNMENTS, COUNTY OFFICES OF EDUCATION, SCHOOL DISTRICTS AND COMMUNITY COLLEGE DISTRICTS ISSUE TRANS TO SUPPLEMENT THEIR GENERAL FUND CASH RESERVES FOR THE FISCAL YEAR AND TO ACT AS A CUSHION FOR ANY TEMPORARY CASH FLOW NEEDS.

Program 2

Revenue: $75,000

OPEB SOLUTIONS PROGRAM IS A FULL SERVICE GASB-COMPLIANT, IRS-APPROVED TRUST PROGRAM DESIGNED TO HELP DISTRICTS AND COUNTY OFFICES OF EDUCATION OFFER NON-PENSION RETIREMENT BENEFITS AND LOWER THEIR...

OPEB SOLUTIONS PROGRAM IS A FULL SERVICE GASB-COMPLIANT, IRS-APPROVED TRUST PROGRAM DESIGNED TO HELP DISTRICTS AND COUNTY OFFICES OF EDUCATION OFFER NON-PENSION RETIREMENT BENEFITS AND LOWER THEIR OTHER POST EMPLOYMENT BENEFITS (OPEB)LIABILITY. THIS IS TO COMPLY WITH GOVERNMENT ACCOUNTING STANDARD BOARD STATEMENT NOS. 45 AND 75. THESE ACCOUNTING STANDARDS REQUIRE DISTRICTS AND COUNTY OFFICES OF EDUCATION TO RECORD THEIR OTHER POST-EMPLOYMENT BENEFITS AS AN EXPENSE AND OBLIGATION ON THEIR FINANCIAL STATEMENTS.

Program 3

Expenses: $268

THE CERTIFICATES OF PARTICIPATION PROGRAM PROVIDES DISTRICTS AN OPTION TO FINANCE CAPITAL EQUIPMENT OR REAL PROPERTY ACQUISITIONS AND IMPROVEMENTS. THROUGH THIS PROGRAM, SCHOOLS CAN UTILIZE THE...

THE CERTIFICATES OF PARTICIPATION PROGRAM PROVIDES DISTRICTS AN OPTION TO FINANCE CAPITAL EQUIPMENT OR REAL PROPERTY ACQUISITIONS AND IMPROVEMENTS. THROUGH THIS PROGRAM, SCHOOLS CAN UTILIZE THE FINANCE CORPORATION AS THE NOT-FOR-PROFIT CORPORATION WHILE ACCESSING THE SERVICES OF THE CSBA FINANCE CORPORATION'S FINANCING TEAM. DISTRICTS CAN TAKE ADVANTAGE OF FIXED OR VARIABLE RATE FINANCING OPTIONS.

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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 $83,924

Investment Income $54,129

Other Revenue $0

TOTAL REVENUE $138,053

Expense Breakdown

Grants Paid $0

Salaries & Benefits $126,012

Fundraising Expenses $0

Program Expenses $201,181

Other Expenses $75,169

TOTAL EXPENSES $201,181

Year-over-Year Comparison

	2024	2023	Change
Revenue	$138,053	$131,660	+0.0%
Expenses	$201,181	$201,719	0.0%
Net Income	$-63,128	$-70,059	-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

N/A

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

$470,696

Total Directors

$287,285

Key Employees

$208,912

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETTYE LUSK	PRESIDENT	0.20	Officer Director	$0	$0	$22,989
ALBERT GONZALEZ	VICE PRESIDENT	0.20	Officer Director	$0	$0	$29,682
DEBRA SCHADE	ASST VICE PRESIDENT	0.20	Officer Director	$0	$0	$13,495
LARE BLOODWORTH	DIRECTOR/TREASURER	1.00	Officer Director	$0	$28,979	$221,119
JAMES COLLINS	SECRETARY	7.60	Officer	$0	$15,465	$183,411
AMY CHRISTIANSON	CHIEF, MEMBER SERVICES	6.00	Key Emp	$0	$34,379	$208,912

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	$138,053	$201,181	$466,979	$-63,128
2024	$131,660	$201,719	$530,107	$-70,059
2023	$136,940	$199,814	$600,166	$-62,874
2022	$114,695	$157,731	$663,040	$-43,036
2021	$164,809	$663,895	$706,076	$-499,086
2020	$119,338	$163,705	$1,205,162	$-44,367
2019	$128,602	$164,038	$1,249,599	$-35,436

CALIFORNIA SCHOOL BOARDS ASSOCIATION FINANCE CORPORATION