SOWELA TECH COMMUNITY COLLEGE FOUNDATION

EIN: 581973743 501(c)(3)

LAKE CHARLES, LA

Total Revenue
$2,355,535
Total Expenses
$2,105,323
Total Assets
$5,087,473
Net Assets
$3,116,827
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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
1991
Legal Domicile
LA
Principal Officer
TODD CLEMONS
Phone
3374912698
Tax Period
2023-01-01 to 2023-12-31

SOWELA TECH COMMUNITY COLLEGE FOUNDATION, founded in 1991, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $2.1M left a modest 11% surplus.

Mission

ENSURING EDUCATIONAL EXCELLENCE AT SOWELA TECHNICAL COMMUNITY COLLEGE BY PROVIDING SCHOLARSHIPS, ACTIVITIES IN RESEARCH, OR OTHER DESIGNATED BENEFITS FOR THE COLLEGE AND ITS FACULTY, STAFF, AND STUDENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,222,811
Program Service Revenue $0
Investment Income $96,553
Other Revenue $36,171
TOTAL REVENUE $2,355,535

Expense Breakdown

Grants Paid $2,009,776
Salaries & Benefits $0
Fundraising Expenses $211
Program Expenses $2,039,711
Other Expenses $95,547
TOTAL EXPENSES $2,105,323

Year-over-Year Comparison

2023 2022 Change
Revenue $2,355,535 $2,156,354 +0.1%
Expenses $2,105,323 $2,555,421 -0.2%
Net Income $250,212 $-399,067 -1.6%
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
14
Independent Members
14
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
4
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL FRICK DIRECTOR N/A
Officer Director
$0 $0 $0
JAMES SUDDUTH III VICE PRESIDE N/A
Officer Director
$0 $0 $0
TODD CLEMONS PRESIDENT N/A
Officer Director
$0 $0 $0
ELIZABETH MCLAUGHLIN SECRETARY N/A
Officer Director
$0 $0 $0
TAYLOR FINCHUM ALEXANDER BOARD MEMBER N/A
Director
$0 $0 $0
FILMORE BORDELON BOARD MEMBER N/A
Director
$0 $0 $0
MICHELLE GUIDRY BOARD MEMBER N/A
Director
$0 $0 $0
MARTIN GUILLORY BOARD MEMBER N/A
Director
$0 $0 $0
HARDTNER KLUMPP BOARD MEMBER N/A
Director
$0 $0 $0
NORA POPILLION BOARD MEMBER N/A
Director
$0 $0 $0
WILLIAM SEAMAN BOARD MEMBER N/A
Director
$0 $0 $0
REBECCA BONIOL BOARD MEMBER N/A
Director
$0 $0 $0
KEVIN MCCARTHY BOARD MEMBER N/A
Director
$0 $0 $0
DIONE SABELHAUS BOARD MEMBER N/A
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 No data No data No data No data
2023 $2,355,535 $2,105,323 $5,087,473 $250,212
2022 $2,156,354 $2,555,421 $4,775,229 $-399,067
2021 $2,405,987 $1,945,825 $4,974,951 $460,162
2020 $1,003,306 $2,200,693 $4,394,951 $-1,197,387
2019 $1,446,863 $1,314,339 $5,420,389 $132,524
2018 $3,637,161 $1,410,403 $5,332,880 $2,226,758
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