SW RESOURCES INC

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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

1964

Legal Domicile

Principal Officer

DAPHNE TICHY

Phone

3044286344

Tax Period

2023-01-01 to 2023-12-31

SW RESOURCES INC, founded in 1964, is a community nonprofit in the Employment sector that reported $4.4M in total revenue in fiscal year 2023.

Mission

TO PROVIDE VOCATIONAL SERVICES, EMPLOYMENT, AND OTHER OPPORTUNITIES FOR INDIVIDUALS WITH DISABILITIES, ENABLING THEM TO OBTAIN THEIR HIGHEST POTENTIAL.

Program Service Accomplishments

Program 1

Expenses: $3,464,878 Revenue: $3,521,335

SW INDUSTRIES IS THE JANITORIAL, WAREHOUSE AND PRODUCTION AND ASSEMBLY DEPARTMENTS. IN THESE DEPARTMENTS THE ORGANIZATION DOES WORK FOR FEDERAL, STATE AND COMMERCIAL PARTNERS AND USES THOSE...

SW INDUSTRIES IS THE JANITORIAL, WAREHOUSE AND PRODUCTION AND ASSEMBLY DEPARTMENTS. IN THESE DEPARTMENTS THE ORGANIZATION DOES WORK FOR FEDERAL, STATE AND COMMERCIAL PARTNERS AND USES THOSE OPPORTUNITIES TO TRAIN INDIVIDUALS FOR SELF SUSTAINING EMPLOYMENT. INDUSTRIES EMPLOYS OVER 237 PEOPLE.

Program 2

Expenses: $320,032 Revenue: $325,246

MAIL PROVIDES BULK SERVICE MAIL SERVICES TO COMMERCIAL CUSTOMERS AND NON PROFITS. THE ORGANIZATION ADDRESSES, COLLATES AND POSTS DIRECT MAIL PIECES, CATALOGUES, ETC. MAIL PROVIDES EMPLOYMENT FOR 2...

MAIL PROVIDES BULK SERVICE MAIL SERVICES TO COMMERCIAL CUSTOMERS AND NON PROFITS. THE ORGANIZATION ADDRESSES, COLLATES AND POSTS DIRECT MAIL PIECES, CATALOGUES, ETC. MAIL PROVIDES EMPLOYMENT FOR 2 FULL TIME EMPLOYEES AS WELL AS TRAINING OPPORTUNITIES FOR OTHERS.

Program 3

Expenses: $328,225 Revenue: $333,573

S/W GRAPHICS PROVIDES VOCATIONAL REHABILITATION AND OPPORTUNITIES IN GRAPHIC DESIGN AND THE APPLICATION OF GRAPHICS DESIGN. THE ORGANIZATION WORKS WITH COMMERCIAL CUSTOMERS, OTHER NON PROFITS AND...

S/W GRAPHICS PROVIDES VOCATIONAL REHABILITATION AND OPPORTUNITIES IN GRAPHIC DESIGN AND THE APPLICATION OF GRAPHICS DESIGN. THE ORGANIZATION WORKS WITH COMMERCIAL CUSTOMERS, OTHER NON PROFITS AND DIRECT TO CONSUMER PRODUCTS AND PROCESSES. GRAPHICS PROVIDED EMPLOYMENT FOR 7 CLIENTS AND TRAINING OPPORTUNITIES FOR OTHERS.

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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 $195,824

Program Service Revenue $4,195,914

Investment Income $62

Other Revenue $23,814

TOTAL REVENUE $4,415,614

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,624,797

Fundraising Expenses $0

Program Expenses $4,128,701

Other Expenses $1,034,954

TOTAL EXPENSES $4,659,751

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,415,614	$4,490,764	0.0%
Expenses	$4,659,751	$5,021,926	-0.1%
Net Income	$-244,137	$-531,162	-0.5%

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

276

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

$78,693

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON SWIGER	CHAIR	1.00	Officer Director	$0	$0	$0
BETH JAMES	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LARRY JAMES	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDY DANIEL	BOARD MEMBER	1.00	Director	$0	$0	$0
ASHLEY HICKMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVE EMERICK	TREASURER	1.00	Officer Director	$0	$0	$0
KIM CAVANAGH	SECRETARY	1.00	Officer Director	$0	$0	$0
ANGELA NESTOR	BOARD MEMBER	1.00	Director	$0	$0	$0
RANDAL SIERS	PAST - EXECUTIVE DIRECTOR	40.00	Officer	$20,867	$0	$20,867
DAPHNE TICHY	INTERIM EXECUTIVE DIRECROR	40.00	Officer	$57,826	$0	$57,826

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	No data	No data	No data	No data
2023	$4,415,614	$4,659,751	$3,244,025	$-244,137
2022	$4,490,764	$5,021,926	$3,494,033	$-531,162
2021	$5,085,647	$4,841,439	$3,802,865	$244,208
2020	$4,769,916	$4,588,823	$3,445,833	$181,093
2019	$4,142,169	$4,606,962	$3,179,858	$-464,793
2018	$1,245,482	$1,121,887	$3,263,010	$123,595