SOUTHWEST CHARTER FOUNDATION INC (EIN 010561262) - 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

2001

Legal Domicile

Principal Officer

KENNETH J HAIKO

Phone

9542023500

Tax Period

2024-07-01 to 2025-06-30

SOUTHWEST CHARTER FOUNDATION INC, founded in 2001, is a major nonprofit in the Education sector that reported $101.2M in total revenue in fiscal year 2024.

Mission

THE FOUNDATION OPERATES SEVEN CHARTER SCHOOLS IN LEE COUNTY, MANATEE COUNTY AND COLLIER COUNTY, FLORIDA. THE SCHOOLS PROVIDE STUDENTS, PRE-KINDERGARTEN THROUGH TWELFTH GRADE, WITH THE NECESSARY TOOLS AND SKILLS NEEDED TO DEVELOP SUPERIOR LEVELS OF ACHIEVEMENT. THEY STRIVE FOR ACADEMIC, SOCIAL AND PHYSICAL EXCELLENCE BY PROVIDING A HIGH QUALITY, CHALLENGING CURRICULUM. THEY PROMOTE POSITIVE MORAL AND SOCIAL VALUES, FOSTER AN ATMOSPHERE OF SELF-DISCIPLINE IN A SAFE LEARNING ENVIRONMENT AND MAXIMIZE INDIVIDUAL PRODUCTIVITY TO MEET THE NEEDS OF A CHANGING GLOBAL SOCIETY.

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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 $96,796,069

Program Service Revenue $2,807,795

Investment Income $1,586,086

Other Revenue $0

TOTAL REVENUE $101,189,950

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,681,419

Fundraising Expenses $0

Program Expenses $89,655,211

Other Expenses $56,457,406

TOTAL EXPENSES $100,138,825

Year-over-Year Comparison

	2024	2023	Change
Revenue	$101,189,950	$99,821,922	+0.0%
Expenses	$100,138,825	$97,559,399	+0.0%
Net Income	$1,051,125	$2,262,523	-0.5%

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

1098

Volunteers

630

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

$498,755

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH J HAIKO	CHAIRMAN	2.00	Officer Director	$0	$0	$0
THOMAS P WHEELER	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
PAUL SALLARULO	TREASURER	1.00	Officer Director	$0	$0	$0
DENNIS P CLARK	DIRECTOR	1.00	Director	$0	$0	$0
BILLIE MILLER	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW OHLSON	DIRECTOR	1.00	Director	$0	$0	$0
PAT SMITH	DIRECTOR	1.00	Director	$0	$0	$0
CARISSA CARROLL	FELLOW PRINCIPAL	40.00	Key Emp	$151,037	$37,725	$188,762
MICHELLE A THOMPSON	FELLOW PRINCIPAL	40.00	Key Emp	$150,079	$7,897	$157,976
CHERYL H CENDAN	FELLOW PRINCIPAL	40.00	Key Emp	$150,086	$1,931	$152,017
LILIANA LEMOS	SCHOLAR PRINCIPAL	40.00	Highest	$106,095	$8,739	$114,834
JASON T WADE	PRINCIPAL	40.00	Highest	$111,371	$4,455	$115,826
AMBER JENSEN	HEAD OF SCHOOL	40.00	Highest	$145,368	$14,537	$159,905
LANE T MORRIS	FELLOW PRINCIPAL	40.00	Highest	$119,285	$656	$119,941
KRISTEN JONES	ASSOCIATE PRINCIPAL	40.00	Highest	$101,320	$6,377	$107,697

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	$101,189,950	$100,138,825	$179,430,341	$1,051,125
2024	$99,821,922	$97,559,399	$182,099,415	$2,262,523
2023	$85,522,600	$80,073,223	$141,347,603	$5,449,377
2022	$66,987,568	$65,470,566	$116,602,539	$1,517,002
2021	$61,802,178	$60,349,912	$116,504,611	$1,452,266
2020	$57,830,005	$58,026,921	$118,219,163	$-196,916
2019	$58,728,021	$60,056,033	$119,914,176	$-1,328,012
2018	$57,482,813	$59,486,801	$121,371,780	$-2,003,988

SOUTHWEST CHARTER FOUNDATION INC