SOUTHWESTERN GRADUATE SCHOOL OF BA… - Form 990 Financial Data

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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

1957

Legal Domicile

Principal Officer

JILL CASTILLA

Phone

2147682990

Tax Period

2023-10-01 to 2024-09-30

SOUTHWESTERN GRADUATE SCHOOL OF BANKING FOUNDATION, founded in 1957, is a community nonprofit in the Education sector that reported $3.4M in total revenue in fiscal year 2023. Revenue surged 98% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 30% operating margin.

Mission

TO PROVIDE THE HIGHEST QUALITY GRADUATE LEVEL EDUCATION FOR BANK AND FINANCIAL SERVICE INDUSTRY MANAGERS, SENIOR OFFICERS, AND DIRECTORS. THE FOUNDATION ALSO SEEKS TO DEVELOP LEADERS WHO ARE ABLE TO MEET THE INDUSTRY'S CHALLENGES WHENEVER AND WHEREVER THEY ARISE.

Program Service Accomplishments

Program 1

Expenses: $1,650,479 Revenue: $2,615,092

SWGSB IS AN EDUCATIONAL FOUNDATION ESTABLISHED TO PROVIDE INSTRUCTION FOR FINANCIAL INSTITUTIONS AND THEIR MANAGEMENT. SWGSB HELD 3 ASSEMBLIES (Assembly for Bank Directors, Certified Community Bank Directors Program) AND 3 CUSTOM PROGRAMS (SWGSB, Commercial Lending School, TBA Trust School) FOR APPROXIMATELY 758 ATTENDEES DURING THE FISCAL YEAR.

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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 (2023)

Revenue Breakdown

Contributions & Grants $84,473

Program Service Revenue $2,447,393

Investment Income $743,213

Other Revenue $167,699

TOTAL REVENUE $3,442,778

Expense Breakdown

Grants Paid $10,490

Salaries & Benefits $665,277

Fundraising Expenses $0

Program Expenses $1,650,479

Other Expenses $1,725,346

TOTAL EXPENSES $2,401,113

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,442,778	$1,738,355	+1.0%
Expenses	$2,401,113	$1,356,196	+0.8%
Net Income	$1,041,665	$382,159	+1.7%

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

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

$507,669

Total Directors

$278,573

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
jeffrey r schmid	PRESIDENT & CEO	40.0	Officer Director	$239,172	$39,401	$278,573
David Davis	Chief Operating Officer	40.0	Officer	$195,400	$33,696	$229,096
J CRAIG BUFORD	trustee	2.0	Director	$0	$0	$0
VICTOR PIERSON	TRUSTEE	2.0	Director	$0	$0	$0
Jill Castilla	CHAIR	2.0	Officer Director	$0	$0	$0
Thomas Gary Hudson	Vice-Chair	2.0	Officer Director	$0	$0	$0
Matthew B Myers PhD	trustee	2.0	Director	$0	$0	$0
Brad Cheves	trustee	2.0	Director	$0	$0	$0
R Scott heitkamp	trustee	2.0	Director	$0	$0	$0
darla r rooke	trustee	2.0	Director	$0	$0	$0
CHRISTOPHER J FURLOW	TRUSTEE	2.0	Director	$0	$0	$0
ROBERT L CLARKE	trustee	2.0	Director	$0	$0	$0
charles g cooper	trustee	2.0	Director	$0	$0	$0
david l kemp	trustee	2.0	Director	$0	$0	$0
jelena mcwilliams	trustee	2.0	Director	$0	$0	$0
christopher l williston vi	trustee	2.0	Director	$0	$0	$0
Mr F Scott Dueser	trustee	2.0	Director	$0	$0	$0
Mr William R Jenkins III	trustee	2.0	Director	$0	$0	$0
Ms Susannah T Marshall	trustee	2.0	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	$3,442,778	$2,401,113	$5,688,550	$1,041,665
2023	$1,738,355	$1,356,196	$4,937,692	$382,159
2022	$708,611	$1,486,728	$4,148,993	$-778,117
2021	$1,282,416	$887,025	$4,537,160	$395,391
2020	$606,392	$998,414	$4,350,804	$-392,022
2019	$1,040,542	$842,665	$4,365,048	$197,877
2018	$1,053,024	$800,651	$4,131,267	$252,373

SOUTHWESTERN GRADUATE SCHOOL OF BANKING FOUNDATION