SWAPA SCHOLARSHIP FUND (EIN 752831556) - 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

1999

Legal Domicile

Principal Officer

Jody Reven

Phone

8009697972

Tax Period

2024-01-01 to 2024-12-31

SWAPA SCHOLARSHIP FUND, founded in 1999, is a small nonprofit in the Education sector that reported $253K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $143K, a strong 57% operating margin.

Mission

TO PROVIDE SCHOLARSHIPS TO THE DEPENDENTS OF DECEASED MEMBERS DISABLED MEMBERS AND EMPLOYEES OF THE SOUTHWEST AIRLINES PILOTS ASSOCIATION.

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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 $251,973

Program Service Revenue $0

Investment Income $715

Other Revenue $0

TOTAL REVENUE $252,688

Expense Breakdown

Grants Paid $109,845

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $109,845

Other Expenses $0

TOTAL EXPENSES $109,845

Year-over-Year Comparison

	2024	2023	Change
Revenue	$252,688	$222,149	+0.1%
Expenses	$109,845	$140,000	-0.2%
Net Income	$142,843	$82,149	+0.7%

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

$698,134

Total Directors

Key Employees

$231,071

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Patrick Shanahan	EXECUTIVE DIRECTOR	1.00	Officer	$0	$82,069	$369,091
Brian Hickman	DIRECTOR OF FINANCE	5.00	Officer	$0	$63,279	$329,043
CASEY MURRAY	PRESIDENT	1.00	Officer Director	$0	$0	$0
Omid Nekouei	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
Gary Ketchum	2ND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
Nia Williams	Controller	5.00	Key Emp	$0	$48,382	$231,071

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	$252,688	$109,845	$851,813	$142,843
2023	$222,149	$140,000	$729,970	$82,149
2022	$188,352	$122,500	$595,321	$65,852
2021	$189,594	$161,000	$581,969	$28,594
2020	$186,855	$161,000	$504,375	$25,855
2019	$187,299	$175,000	$454,020	$12,299
2018	$175,227	$171,500	$441,721	$3,727

SWAPA SCHOLARSHIP FUND