MITCHELL SWABACK CHARITIES INC (EIN 270250769) - 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

2009

Legal Domicile

Principal Officer

ROBERT SWABACK

Phone

6027882444

Tax Period

2024-01-01 to 2024-12-31

MITCHELL SWABACK CHARITIES INC, founded in 2009, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.2M in total revenue in fiscal year 2024. The organization ran a surplus of $350K, a strong 16% operating margin.

Mission

OUR MISSION IS TO PROVIDE FOOD AND CLOTHING IN A HOPE-FILLED ENVIRONMENT TO THE UNDERSERVED IN THE GREATER PHOENIX AREA.

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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 $2,126,265

Program Service Revenue $0

Investment Income $52,100

Other Revenue $0

TOTAL REVENUE $2,178,365

Expense Breakdown

Grants Paid $743,584

Salaries & Benefits $509,169

Fundraising Expenses $177,371

Program Expenses $1,491,188

Other Expenses $575,654

TOTAL EXPENSES $1,828,407

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,178,365	$2,074,608	+0.1%
Expenses	$1,828,407	$1,599,773	+0.1%
Net Income	$349,958	$474,835	-0.3%

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

N/A

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

$111,734

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICOLEE THOMPSON	EXECUTIVE DIRECTOR	065.00	Officer	$91,899	$19,835	$111,734
ROBERT C SWABACK	BOARD CHAIR	010.00	Officer Director	$0	$0	$0
GAYE J SWABACK	DIRECTOR	008.00	Officer Director	$0	$0	$0
BRAD S SWABACK	TREASURER	006.00	Officer Director	$0	$0	$0
WALTER ROHDE III	DIRECTOR	008.00	Director	$0	$0	$0
YADIRA DAVIS	DIRECTOR	002.00	Director	$0	$0	$0
KIM FLEMING	DIRECTOR	002.00	Director	$0	$0	$0
JAMES FRIEDKIN	DIRECTOR	002.00	Director	$0	$0	$0
SHAWNA MARTINO	DIRECTOR	001.00	Director	$0	$0	$0
CAROL AUGUSTINE	DIRECTOR	001.00	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
2024	$2,178,365	$1,828,407	$4,323,082	$349,958
2023	$2,074,608	$1,599,773	$3,547,674	$474,835
2022	$1,820,282	$1,427,011	$2,697,916	$393,271
2021	$1,655,917	$1,216,622	$2,532,648	$439,295
2020	$1,613,333	$1,028,255	$1,979,806	$585,078
2019	$1,007,605	$901,238	$1,363,310	$106,367
2018	$871,070	$662,918	$1,142,710	$208,152

MITCHELL SWABACK CHARITIES INC