SWATC FOUNDATION

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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

2012

Legal Domicile

Principal Officer

BRENNAN WOOD

Phone

4355862899

Tax Period

2022-07-01 to 2023-06-30

SWATC FOUNDATION, founded in 2012, is a small nonprofit in the Education sector that reported $411K in total revenue in fiscal year 2022. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $212K, a strong 52% operating margin.

Mission

THE MISSION OF THE ORGANIZATION IS TO PROVIDE FUNDING TO SUPPORT THE EDUCATIONAL PURPOSES OF SOUTHWEST TECHNICAL COLLEGE.

Program Service Accomplishments

Program 1

Expenses: $144,669

101,104 WAS AWARDED TO SOUTHWEST TECH STUDENTS FOR SCHOLARSHIPS AND 24,940 WAS USED TO PURCHASE NEEDED EDUCATIONAL EQUIPMENT AND IMPROVEMENTS TO THE INNOVATION CENTER AT SOUTHWEST TECH COLLEGE.

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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 $391,425

Program Service Revenue $0

Investment Income $19,495

Other Revenue $0

TOTAL REVENUE $410,920

Expense Breakdown

Grants Paid $101,104

Salaries & Benefits $0

Fundraising Expenses $53,000

Program Expenses $144,669

Other Expenses $44,705

TOTAL EXPENSES $198,809

Year-over-Year Comparison

	2022	2021	Change
Revenue	$410,920	$278,554	+0.5%
Expenses	$198,809	$60,563	+2.3%
Net Income	$212,111	$217,991	0.0%

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

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

$146,483

Total Directors

$343,024

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENNAN WOOD	PRESIDENT	5.00	Officer Director	$0	$0	$146,483
JAMES MULLEANAUX	TRUSTEE	5.00	Director	$0	$0	$71,090
NEAL MASON	TRUSTEE	2.00	Director	$0	$0	$62,903
WADE ESPLIN	TRUSTEE	2.00	Director	$0	$0	$62,548
LIZ BILLER	TREASURER	2.00	Officer Director	$0	$0	$0
SUSAN DURFEE	TRUSTEE	2.00	Director	$0	$0	$0
BRUCE HUGHES	CHAIR	5.00	Officer Director	$0	$0	$0
NICOLE STRAND	TRUSTEE	2.00	Director	$0	$0	$0
REE ZAPHIROPOULOS	VICE-CHAIR	5.00	Officer 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	$410,920	$198,809	$1,093,789	$212,111
2022	$278,554	$60,563	$752,899	$217,991
2021	$182,903	$188,770	$668,688	$-5,867