Louisiana Association of School Business Officials

EIN: 721033959

Kelly, LA

Total Revenue
$248,970
Total Expenses
$266,965
Total Assets
$183,643
Net Assets
$183,643
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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
1965
Legal Domicile
LA
Phone
3372214486
Tax Period
2024-07-01 to 2025-06-30

Louisiana Association of School Business Officials, founded in 1965, is a small nonprofit that reported $249K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year.

Mission

THE LOUISIANA ASSOCIATION FOR SCHOOL BUSINESS OFFICIALS (LASBO) IS A NON-PROFIT PROFESSIONAL ASSOCIATION OF SCHOOL ADMINISTRATORS WHOSE PRIMARY SKILLS AND SERVICES ARE IN THE BUSINESS AND OPERATIONS FUNCTIONS OF THE SCHOOLS. WE PROMOTE EXCELLENCE AND PROFESSIONAL ETHICAL STANDARDS IN THE PRACTICE OF PUBLIC SCHOOL BUSINESS FINANCE BY EDUCATING AND TRAINING OUR MEMBERSHIP IN THE MOST EFFICIENT AND ECONOMIC METHODS OF CONDUCTING BUSINESS AFFAIRS, FOR THE BENEFIT OF THE CHILDREN OF LOUISIANA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $115,950
Program Service Revenue $131,735
Investment Income $85
Other Revenue $1,200
TOTAL REVENUE $248,970

Expense Breakdown

Grants Paid $2,113
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $264,852
TOTAL EXPENSES $266,965

Year-over-Year Comparison

2024 2023 Change
Revenue $248,970 $278,233 -0.1%
Expenses $266,965 $324,411 -0.2%
Net Income $-17,995 $-46,178 -0.6%
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
17
Independent Members
17
Employees
N/A
Volunteers
17

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
6
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rodney Wilson President 0.00
Officer Director
$0 $0 $0
Chastity Himel President 0.00
Officer Director
$0 $0 $0
Deloris Walker President-Elect 0.00
Officer Director
$0 $0 $0
Ty McCutcheon Immediate Past 0.00
Officer Director
$0 $0 $0
Ediwa Richardson Secretary 0.00
Officer Director
$0 $0 $0
Amy LaFleur Treasurer 0.00
Officer Director
$0 $0 $0
Sarah Caruso Director 0.00
Director
$0 $0 $0
Deshonna Jackson Director 0.00
Director
$0 $0 $0
Casey Broussard Director 0.00
Director
$0 $0 $0
Donayle Ashworth Director 0.00
Director
$0 $0 $0
Megan Kenley Director 0.00
Director
$0 $0 $0
Denee Aydell Director 0.00
Director
$0 $0 $0
Justin Carrier Director 0.00
Director
$0 $0 $0
Sara Andrews Director 0.00
Director
$0 $0 $0
Charlie Mackles Director 0.00
Director
$0 $0 $0
Liz Domite Director 0.00
Director
$0 $0 $0
Mary Bonnette LDE Liason 0.00
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 $248,970 $266,965 $183,643 $-17,995
2024 No data No data No data No data
2023 $271,155 $254,014 $247,886 $17,141
2022 $267,269 $250,829 $240,979 $16,440
2021 $135,130 $93,422 $205,203 $41,708
2020 $186,091 $106,976 $159,145 $79,115
2019 $234,554 $277,592 $80,030 $-43,038
2018 $234,927 $311,521 $123,068 $-76,594
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