SOUTHWEST ECONOMIC SOLUTIONS INC (EIN 462252476) - 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

2013

Legal Domicile

Principal Officer

SEAN DE FOUR

Phone

3138419641

Tax Period

2023-10-01 to 2024-09-30

SOUTHWEST ECONOMIC SOLUTIONS INC, founded in 2013, is a community nonprofit in the Human Services sector that reported $3.4M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $3.7M exceeded revenue, resulting in a 10% operating deficit.

Mission

SOUTHWEST ECONOMIC SOLUTIONS D/B/A MISIDE WEALTH (MIWEALTH) MISSION IS TO PROVIDE OPPORTUNITIES FOR INDIVIDUALS AND FAMILIES TO ACHIEVE GREATER ECONOMIC SUCCESS.

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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 $3,320,292

Program Service Revenue $56,141

Investment Income $9,256

Other Revenue $1,000

TOTAL REVENUE $3,386,689

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,174,749

Fundraising Expenses $0

Program Expenses $3,647,984

Other Expenses $1,551,897

TOTAL EXPENSES $3,726,646

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,386,689	$2,916,697	+0.2%
Expenses	$3,726,646	$3,179,339	+0.2%
Net Income	$-339,957	$-262,642	+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

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

$801,028

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEAN DE FOUR	PRESIDENT & CEO	3.75	Officer	$0	$39,383	$306,331
MICHELLE R SHERMAN	COO & CFO	1.88	Officer	$0	$24,386	$280,008
HECTOR HERNANDEZ	EXECUTIVE DIRECTOR - MIWEALTH	35.50	Officer	$183,523	$31,166	$214,689
KAREN GOVEN	DIRECTOR OF WORKFORCE DEVELOPMENT	37.50	Highest	$102,451	$29,464	$131,915
NAHEED HUQ	CHAIR	0.25	Officer Director	$0	$0	$0
CLAIRE LIENING	VICE CHAIR	0.25	Officer Director	$0	$0	$0
AKIL ALVIN	DIRECTOR	0.25	Director	$0	$0	$0
ANGELA BALDWIN	DIRECTOR	0.25	Director	$0	$0	$0
CHERYL MUNDAY	DIRECTOR	0.25	Director	$0	$0	$0
DAN MARTINEZ	DIRECTOR	0.25	Director	$0	$0	$0
DON JONES	DIRECTOR	0.25	Director	$0	$0	$0
ERIC DORSEY	DIRECTOR	0.25	Director	$0	$0	$0
MICHAEL WENDT	DIRECTOR	0.25	Director	$0	$0	$0
PATRICK BROWN	DIRECTOR	0.25	Director	$0	$0	$0
STEPHAN VIVITSKY	DIRECTOR	0.25	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	$3,386,689	$3,726,646	$1,715,831	$-339,957
2023	$2,916,697	$3,179,339	$1,904,747	$-262,642
2022	$3,255,940	$2,830,064	$1,852,921	$425,876
2021	$3,561,883	$3,429,484	$1,547,756	$132,399
2020	$4,213,608	$4,703,247	$1,712,012	$-489,639
2020	$4,213,610	$4,703,249	$1,711,197	$-489,639
2019	$4,360,102	$4,404,776	$1,965,091	$-44,674
2019	$4,803,129	$5,004,319	$1,808,571	$-201,190
2018	$5,357,693	$4,503,162	$2,842,691	$854,531

SOUTHWEST ECONOMIC SOLUTIONS INC