TEXAS ASSOCIATION OF SCHOOL BOARDS LEGAL ASSISTANCE FUND (EIN 742147550) - 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

1980

Legal Domicile

Principal Officer

DAN TROXELL PHD

Phone

8005805345

Tax Period

2022-09-01 to 2023-08-31

TEXAS ASSOCIATION OF SCHOOL BOARDS LEGAL ASSISTANCE FUND, founded in 1980, is a small nonprofit that reported $234K in total revenue in fiscal year 2022.

Mission

THE MISSION OF THE TASB LEGAL ASSISTANCE FUND (LAF) IS TO FAVORABLY IMPACT THE OUTCOME OF LEGAL ISSUES THAT SIGNIFICANTLY AFFECT PUBLIC EDUCATION BY INITIATING AND SUPPORTING LEGAL ACTION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $219,100

Investment Income $14,593

Other Revenue $0

TOTAL REVENUE $233,693

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $140,029

Other Expenses $230,043

TOTAL EXPENSES $230,043

Year-over-Year Comparison

	2022	2021	Change
Revenue	$233,693	$219,239	+0.1%
Expenses	$230,043	$218,943	+0.1%
Net Income	$3,650	$296	+11.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBBIE GILLESPIE	BOARD CHAIR	0.50	Officer Director	$0	$0	$0
THEODORE BEARD III	BOARD CHAIR (THROUGH SEPT 2022)	0.50	Officer Director	$0	$0	$0
JANET BUBERT	TRUSTEE (THROUGHT SEPT 2022)	0.50	Director	$0	$0	$0
CARRIE GALATAS	TRUSTEE	0.50	Director	$0	$0	$0
MARTHA SALAZAR-ZAMORA	TRUSTEE	0.50	Director	$0	$0	$0
GONZALO SALAZAR	TRUSTEE (THROUGH JUNE 2023)	0.50	Director	$0	$0	$0
PAUL LAMP	TRUSTEE	0.50	Director	$0	$0	$0
ARMANDO RODRIGUEZ	TRUSTEE	0.50	Director	$0	$0	$0
LATONYA GOFFNEY	TRUSTEE	0.50	Director	$0	$0	$0
ROLINDA SCHMIDT	TRUSTEE	0.50	Director	$0	$0	$0
KEVIN BROWN	TRUSTEE (NONVOTING EX-OFFICIO)	0.50	Director	$0	$0	$0
DAN TROXELL	SECRETARY (NONVOTING EX-OFFICIO)	0.50	Officer	$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
2024	No data	No data	No data	No data
2023	$233,693	$230,043	$376,093	$3,650
2022	$219,239	$218,943	$370,409	$296
2021	$216,770	$283,176	$365,209	$-66,406
2020	$221,188	$257,895	$431,207	$-36,707

TEXAS ASSOCIATION OF SCHOOL BOARDS LEGAL ASSISTANCE FUND