NEVADA ASSOCIATION OF SCHOOL BOARDS

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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

1981

Legal Domicile

Phone

7758467873

Tax Period

2024-07-01 to 2025-06-30

NEVADA ASSOCIATION OF SCHOOL BOARDS, founded in 1981, is a small nonprofit in the Education sector that reported $409K in total revenue in fiscal year 2024.

Mission

THE ORGANIZATION PROVIDES EDUCATION AND TRAINING TO LOCAL SCHOOL BOARD MEMBERS FOR ALL SEVENTEEN SCHOOL DISTRICTS IN NEVADA.

Program Service Accomplishments

Program 1

Expenses: $296,350 Revenue: $73,185

TRAINING FOR LOCAL SCHOOL BOARD TRUSTEE MEMBERS FOR ALL SEVENTEEN SCHOOL DISTRICTS FOUND WITHIN THE STATE OF NEVADA.

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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 $316,990

Program Service Revenue $73,185

Investment Income $18,880

Other Revenue $0

TOTAL REVENUE $409,055

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $296,350

Other Expenses $415,709

TOTAL EXPENSES $415,709

Year-over-Year Comparison

	2024	2023	Change
Revenue	$409,055	$379,711	+0.1%
Expenses	$415,709	$412,036	+0.0%
Net Income	$-6,654	$-32,325	-0.8%

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

N/A

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
WADE POULSEN	Past President	2.00	Director	$0	$0	$0
MIKE WALKER	President	2.00	Director	$0	$0	$0
IRENE BUSTAMANTE ADAMS	President Elect	2.00	Director	$0	$0	$0
DR DIANE NICOLET	LEGISLATIVE CHR	2.00	Director	$0	$0	$0
NICOLE BENGOCHEA	PAST PRESIDENT	2.00	Director	$0	$0	$0
JAMES HOLLAND	Director	2.00	Director	$0	$0	$0
BRIDGET PETERSON	PAST PRESIDENT	2.00	Director	$0	$0	$0
KATHRYN WHITAKER	PAST PRESIDENT	2.00	Director	$0	$0	$0
TERESA DASTRUP	RURAL LIASION	2.00	Director	$0	$0	$0
BRENDA ZAMORA	CLARK LIAISON	2.00	Director	$0	$0	$0
JOE MCFADDEN	Director	2.00	Director	$0	$0	$0
SUSAN NEAL	Director	2.00	Director	$0	$0	$0
SHELLA NICHOLES	Director	2.00	Director	$0	$0	$0
CARL BROWNFIELD	Director	2.00	Director	$0	$0	$0
LYNN CONLEY	Director	2.00	Director	$0	$0	$0
DESIREE SEALY	Director	2.00	Director	$0	$0	$0
YVONNE WAGSTAFF	Director	2.00	Director	$0	$0	$0
LARRY SMALL	Director	2.00	Director	$0	$0	$0
CINDY PLUMMER	Director	2.00	Director	$0	$0	$0
COLLEEN WESTLAKE	Director	2.00	Director	$0	$0	$0
KRYSTAL BLADES	Vice President	2.00	Director	$0	$0	$0
DAWN CASON	Director	2.00	Director	$0	$0	$0
JUANITA DIEDE	Director	2.00	Director	$0	$0	$0
ANN SMITH	Director	2.00	Director	$0	$0	$0
SABRINA UHLMANN	Director	2.00	Director	$0	$0	$0
RICHARD VARNER	Director	2.00	Director	$0	$0	$0
BRENDA ZAMORA	Director	2.00	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	$409,055	$415,709	$331,319	$-6,654
2024	$379,711	$412,036	$340,131	$-32,325
2023	$352,595	$376,567	$376,557	$-23,972
2022	$329,723	$336,881	$400,270	$-7,158
2021	$249,190	$227,351	$409,902	$21,839