Montana School Boards Association

What it reported doing in 2024

Self funded insurance programs for members.see sch o.the Montana school boards association (mtsba) administers the Montana school districts' workers' compensation risk and retention program (wcrrp), the largest self-funded program of its kind in the state. Serving over 25,000 public school employees, wcrrp stands as a testament to our commitment to enhance workplace safety and provide exceptional workers' compensation coverage.our program offers competitively priced coverage alongside an extensive suite of value added services tailored to each member district. These services include but are not limited to comprehensive training in all facets of school district risk management, equipping our members with the tools they need to effectively mitigate risks. By focusing on proactive risk management, we not only drive down the costs of coverage-resulting in significant savings for our member districts-but also foster a safer work environment, leading to fewer claims against the districts. Through wcrrp, we exemplify our dedication to the well-being of our school employees and the financial health of our Montana's public schools.the Montana school boards association (mtsba) administers a self-funded property and casualty program that provides comprehensive coverage to our members at highly competitive rates. Our program goes beyond the typical market options, delivering exceptional member services that are tailored to the unique needs of each of our school districts.by offering lower costs for coverage, we enable member districts to achieve substantial savings, allowing them to allocate resources more effectively to support their educational missions. Additionally, our strong emphasis on risk management not only assists districts in minimizing potential liabilities but also leads to a significant reduction in the number of claims. Through our property and casualty program, we demonstrate our unwavering commitment to safeguarding the interests of Montana's public schools, ensuring a secure environment for students, staff, and the broader community.the Montana school boards association (mtsba) administers the Montana schools unemployment insurance program (mtsuip), a self-funded insurance pool designed to provide outstanding coverage for our member districts. Our competitive rates are significantly lower than those offered by the state of Montana, ensuring that our members receive exceptional value.the financial benefits of lower coverage costs directly translate into substantial savings for member districts, allowing them to allocate resources more effectively toward enriching educational programs. Additionally, our program places a strong emphasis on effective risk management practices through multiple trainings and other available resources, which leads to a notable reduction in claims against the districts. Through mtsuip, we reaffirm our dedication to supporting Montana's public schools by promoting fiscal responsibility and enhancing the overall stability of our educational workforce

Financial Efficiency

• Mission deployment rate: 79.2%; rating input score 79
• Program expense ratio: 81.3%; rating input score 81
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 5 of 6 controls in place; rating input score 83
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Pass
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 3.9%; rating input score 47; 47th percentile among comparable filings
• Total-asset coverage ratio: 1.84; rating input score 59; 59th percentile among comparable filings
• Liabilities to assets ratio: 0.38; rating input score 28; 28th percentile among comparable filings
• Officer compensation ratio: 44.5%; rating input score 2; 2nd percentile among comparable filings

Growth

• Program expense growth: 5.2% per year; rating input score 100; 41st percentile among comparable filings
• Revenue growth: 5.4% per year; rating input score 100; 44th percentile among comparable filings
• Asset growth: 8.2% per year; rating input score 100; 51st percentile among comparable filings