SRCS BUILDING COMPANY

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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

2004

Legal Domicile

Principal Officer

RICK FREESE

Phone

7632717926

Tax Period

2022-07-01 to 2023-06-30

SRCS BUILDING COMPANY, founded in 2004, is a small nonprofit in the Education sector that reported $199K in total revenue in fiscal year 2022. Revenue decreased 10% compared to the prior year. Expenses of $336K exceeded revenue, resulting in a 69% operating deficit.

Mission

TO ACQUIRE, IMPROVE, CONSTRUCT AND OWN THE SITE THAT IS LEASED TO SWAN RIVER MONTESSORI CHARTER SCHOOL.

Program Service Accomplishments

Program 1

Expenses: $332,083 Revenue: $198,380

SWAN RIVER MONTESSORI BUILDING COMPANY WAS ESTABLISHED TO ACQUIRE, IMPROVE, CONSTRUCT, AND OWN THE SITE THAT IS LEASED TO SWAN RIVER MONTESSORI CHARTER SCHOOL.

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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 $198,380

Investment Income $457

Other Revenue $0

TOTAL REVENUE $198,837

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $332,083

Other Expenses $336,273

TOTAL EXPENSES $336,273

Year-over-Year Comparison

	2022	2021	Change
Revenue	$198,837	$220,517	-0.1%
Expenses	$336,273	$235,390	+0.4%
Net Income	$-137,436	$-14,873	+8.2%

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

$37,905

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICK FREESE	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
DAN COTTON	DIRECTOR	1.00	Director	$0	$0	$0
BETH BROCKMAN	DIRECTOR	1.00	Director	$0	$4,818	$37,905
MATTHEW SAVAGE	DIRECTOR	1.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$198,837	$336,273	$1,092,831	$-137,436
2022	$220,517	$235,390	$1,320,761	$-14,873
2021	$198,554	$244,763	$1,430,627	$-46,209
2020	$198,494	$248,523	$1,553,765	$-50,029
2019	$198,449	$245,114	$1,701,242	$-46,665