Southwest Airlines Employees Catastrophic Assistance Charity (EIN 742560111) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Principal Officer

NAN BARRY

Phone

2147924728

Tax Period

2024-01-01 to 2024-12-31

Southwest Airlines Employees Catastrophic Assistance Charity, founded in 1990, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.8M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Net assets of $24.7M represent 164 months of operating reserves.

Mission

The Southwest Airlines Employee Catastrophic Assistance Charity helps employees of Southwest Airlines Co. and subsidiaries suffering from severe financial hardship resulting from a catastrophic event in their lives. These are generally emergency medical or personal circumstances for which a person could not be expected to be prepared for through responsible financial planning or budgeting.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,361,287

Program Service Revenue $0

Investment Income $443,635

Other Revenue $0

TOTAL REVENUE $1,804,922

Expense Breakdown

Grants Paid $1,665,114

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,665,114

Other Expenses $145,681

TOTAL EXPENSES $1,810,795

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,804,922	$1,557,738	+0.2%
Expenses	$1,810,795	$2,320,318	-0.2%
Net Income	$-5,873	$-762,580	-1.0%

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

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
DANIEL JONES	ASST TREASURER	1.00	Officer Director	$0	$0	$0
PAUL CULLEN	Treasurer	1.00	Officer Director	$0	$0	$0
CHRISTI PAGET	BOARD MEMBER	1.00	Director	$0	$0	$0
NAN BARRY	President	1.00	Officer Director	$0	$0	$0
TOM CRABTREE	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELLE THORNLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
LAVITIA BRUNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
CASEY DUNN	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIA LANDRUM	BOARD MEMBER	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
2024	$1,804,922	$1,810,795	$24,677,926	$-5,873
2023	$1,557,738	$2,320,318	$22,596,006	$-762,580
2022	$1,408,008	$2,530,412	$21,032,021	$-1,122,404
2021	$1,326,488	$1,928,917	$24,931,177	$-602,429
2020	$1,659,757	$624,137	$23,625,728	$1,035,620
2019	$2,263,424	$743,751	$21,118,662	$1,519,673
2018	$1,831,505	$964,405	$17,602,154	$867,100

Southwest Airlines Employees Catastrophic Assistance Charity