SOUTHWEST BENEFITS ASSOCIATION (EIN 741499890) - 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

1990

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

SOUTHWEST BENEFITS ASSOCIATION, founded in 1990, is a small nonprofit that reported $338K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $415K exceeded revenue, resulting in a 23% operating deficit.

Mission

THE PURPOSE OF THE ASSOCIATION IS TO INTERCHANGE INFORMATION, ADVANCE KNOWLEDGE AND EDUCATION, AND FOSTER SOUND PRINCIPLES, PROCEDURES, AND PRACTICES IN THE FIELD OF EMPLOYEE PENSION AND WELFARE BENEFIT PLANS.

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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 $193,105

Program Service Revenue $145,240

Investment Income $1

Other Revenue $0

TOTAL REVENUE $338,346

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $377,270

Other Expenses $415,423

TOTAL EXPENSES $415,423

Year-over-Year Comparison

	2023	2022	Change
Revenue	$338,346	$273,601	+0.2%
Expenses	$415,423	$384,921	+0.1%
Net Income	$-77,077	$-111,320	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RHONDA WILSON	DIRECTOR	0.10	Director	$0	$0	$0
ANDY TYNDALL	DIRECTOR	0.10	Director	$0	$0	$0
MARY ANN ROOT	DIRECTOR	0.10	Director	$0	$0	$0
BRAD OXFORD	DIRECTOR	0.10	Director	$0	$0	$0
SHARON PHILPOTT	DIRECTOR	0.10	Director	$0	$0	$0
CHRIS BERRY	DIRECTOR	0.10	Director	$0	$0	$0
LYNETTE FLECK	DIRECTOR	0.01	Director	$0	$0	$0
LISA TURNER	DIRECTOR	0.10	Director	$0	$0	$0
JERRY KOWALCHIK	DORECTOR	0.10	Director	$0	$0	$0
LAURA FERGUSON	DIRECTOR	0.10	Director	$0	$0	$0
TEAH CORLEY	DIRECTOR	0.10	Director	$0	$0	$0
LISA CUMMINGS	DIRECTOR	0.10	Director	$0	$0	$0
MICHELLE BECKFORD	DIRECTOR	0.10	Director	$0	$0	$0
JUDY BURDG	DIRECTOR	0.10	Director	$0	$0	$0
CHRISTI HENSON	DIRECTOR	0.10	Director	$0	$0	$0
KERRI FRANZ	DIRECTOR	0.10	Director	$0	$0	$0
JEREMY COLBY	PRESIDENT	0.10	Officer Director	$0	$0	$0
COURTNEY STROOPE	PAST PRESIDENT	0.10	Officer Director	$0	$0	$0
JASON MOTTER	PRESIDENT ELECT	0.10	Officer Director	$0	$0	$0
BARBIE PEARSON	TREASURER	0.10	Officer Director	$0	$0	$0
COKER ROSWELL	SECRETARY	0.10	Officer Director	$0	$0	$0
MARIANNE FAZEN	EXECUTIVE DIRECTOR	1.00	Key Emp	$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	$338,346	$415,423	$102,558	$-77,077
2022	$273,601	$384,921	$79,635	$-111,320
2021	$135,606	$209,141	$90,955	$-73,535
2020	$224,093	$286,266	$64,490	$-62,173
2019	$464,998	$474,865	$126,663	$-9,867
2018	$506,046	$500,893	$96,530	$5,153

SOUTHWEST BENEFITS ASSOCIATION