SWAG CUSTOM RIDES INC (EIN 473053663) - 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

2015

Legal Domicile

Principal Officer

GLENN RICHARDS

Phone

8602257924

Tax Period

2022-01-01 to 2022-12-31

SWAG CUSTOM RIDES INC, founded in 2015, is a small nonprofit in the Employment sector that reported $345K in total revenue in fiscal year 2022. Revenue decreased 6% compared to the prior year. Expenses of $407K exceeded revenue, resulting in a 18% operating deficit.

Mission

SWAG CUSTOM RIDES IS THE FIRST AND ONLY AUTOMOTIVE CUSTOM RESTORATION NON-PROFIT SHOP IN AMERICA. SWAG RESTORES, CUSTOMIZES AND FABRICATES VEHICLES WITH TWO MISSIONS IN MIND RESTORING VEHICLES WHILE TRANSFORMING LIVES. WITH A TEAM OF LEADING INDUSTRY PROFESSIONALS, SWAG PROVIDES JOB TRAINING, EDUCATION AND LIFE SKILLS FOR TROUBLED INDIVIDUALS RECOVERING FROM LIFE-CONTROLLING PROBLEMS.

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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 $344,620

Investment Income $0

Other Revenue $0

TOTAL REVENUE $344,620

Expense Breakdown

Grants Paid $0

Salaries & Benefits $108,255

Fundraising Expenses $0

Program Expenses $401,699

Other Expenses $299,040

TOTAL EXPENSES $407,295

Year-over-Year Comparison

	2022	2021	Change
Revenue	$344,620	$365,789	-0.1%
Expenses	$407,295	$673,974	-0.4%
Net Income	$-62,675	$-308,185	-0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN MURATORI SR	DIRECTOR	1.00	Director	$0	$0	$0
MARK GUASTAFERRI	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS J STANEK JR	DIRECTOR	1.00	Director	$0	$0	$0
CARMELA MURATORI	SECRETARY/TREASURER	16.00	Officer Director	$0	$0	$0
GLENN RICHARDS	PRESIDENT	30.00	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
2022	$344,620	$407,295	$858,691	$-62,675
2021	$365,789	$673,974	$843,917	$-308,185
2020	$250,832	$395,231	$939,054	$-144,399
2019	$415,815	$498,546	$1,052,306	$-82,731
2018	$388,504	$384,923	$1,135,633	$3,581

SWAG CUSTOM RIDES INC