SCHWECHHEIMER FAMILY FOUNDATION

EIN: 475363471 501(c)(3) Recreation & Sports

WAKEFIELD, RI

Total Revenue
$682,571
Total Expenses
$91,053
Total Assets
$95,009
Net Assets
$95,009
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
RI
Principal Officer
MATTHEW WHITE
Phone
4012658158
Tax Period
2022-01-01 to 2022-12-31

SCHWECHHEIMER FAMILY FOUNDATION, founded in 2015, is a small nonprofit in the Recreation & Sports sector that reported $683K in total revenue in fiscal year 2022. Revenue surged 880% from the prior year, signaling strong growth momentum. The organization ran a surplus of $592K, a strong 87% operating margin.

Mission

THE PURPOSE OF THE FOUNDATION IS TO SUPPORT AND FOSTER ACADEMIC AND ATHLETIC EDUCATIONAL INSTITUTIONS AND PROGRAMS FOR YOUNG PEOPLE LIVING IN THE GREATER WICHITA COMMUNITY.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $127,980
Program Service Revenue $0
Investment Income $0
Other Revenue $554,591
TOTAL REVENUE $682,571

Expense Breakdown

Grants Paid $85,744
Salaries & Benefits $0
Fundraising Expenses $230
Program Expenses $85,744
Other Expenses $5,309
TOTAL EXPENSES $91,053

Year-over-Year Comparison

2022 2021 Change
Revenue $682,571 $69,624 +8.8%
Expenses $91,053 $12,790 +6.1%
Net Income $591,518 $56,834 +9.4%
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

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
16

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
3
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANE SCHWECHHEIMER PRESIDENT 1.00
Officer Director
$0 $0 $0
MATTHEW WHITE TREASURER 2.00
Officer Director
$0 $0 $0
STEVE OLAUSEN SECRETARY 2.00
Officer Director
$0 $0 $0
JORDAN KOBRITZ DIRECTOR 1.00
Director
$0 $0 $0
TOMMY GOODMAN DIRECTOR 1.00
Director
$0 $0 $0
MICHO SPRING DIRECTOR 1.00
Director
$0 $0 $0
LAWRENCE CANCRO DIRECTOR 1.00
Director
$0 $0 $0
JAMES HEALEY DIRECTOR 1.00
Director
$0 $0 $0
DORIS BURKE DIRECTOR 1.00
Director
$0 $0 $0
RALPH PATINO DIRECTOR 1.00
Director
$0 $0 $0
DANIEL CARNEY DIRECTOR 1.00
Director
$0 $0 $0
MARC GROSSMAN DIRECTOR 1.00
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
2022 $682,571 $91,053 $95,009 $591,518
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