Colorado Association of School Business Officials

Nonprofit profile at a glance

EIN
742354545
IRS 990 coverage
2020–2025
Forms available
Form 990 2025
Location
Oak Creek, CO, USA
Phone
9703905761
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Professional Societies, Associations

Reported finances

Revenue
$637,864
Expenses
$624,066
Assets
$806,767
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • Stephanie Watson (Executive Director)
  • Ciara Bartholomew (Executive Director)
  • Shannon Solomon (Past President)
  • Mimi Livermore (President)
  • Ashley Stephen (Vice President)

Highest reported compensation

  • Stephanie Watson (Executive Director): $100,000 total reported compensation
  • Lacey Fisher (Executive Assistant): $70,875 total reported compensation
  • Ciara Bartholomew (Executive Director): $36,320 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Developing and improving skills of K-12 school business officials

What it reported doing in 2025

CASBO Annual Spring Meeting and Conference: educational conference held for the purpose of developing and improving skills of school business administrators and managers.

Operating model

Revenue model
Other-operating. 82% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. The filing does not identify recipients for some grant dollars and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 43
  • Accountability: 68
  • Sustainability: 43
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 89.5%; rating input score 90
  • Program expense ratio: 90.9%; rating input score 91
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 81.8%; rating input score 82; 1st percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 0%; rating input score 0; 15th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 2 of 9 controls in place; rating input score 22
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 2.2%; rating input score 37; 37th percentile among comparable filings
  • Total-asset coverage ratio: 1.29; rating input score 51; 51st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 88; 88th percentile among comparable filings
  • Officer compensation ratio: 33.2%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: 22.1% per year; rating input score 100; 82nd percentile among comparable filings
  • Revenue growth: 17.4% per year; rating input score 100; 79th percentile among comparable filings
  • Asset growth: 5.5% per year; rating input score 100; 38th percentile among comparable filings

Details

  • Where the money goes: 89.5% of revenue deployed · 90.9% of spending went to programs
  • Governance: 13 of 13 board members independent · 2 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $567K in reported program spending
  • Leadership: top reported pay $100K · 16 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 39 of 41 current checks pass · 2 findings to review
  • Schedules: 4 filed schedules · includes grants and executive pay
  • Filing history: 6 filing years from 2020 to 2025
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • High — Accountability: Governance controls: 6 of 8 not reported.
  • Moderate — Sustainability: Operating margin scored 37/100.
  • Review — Sustainability: Total-asset coverage ratio scored 51/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.