SWMF PROPERTIES INC (EIN 752838956) - 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

2001

Legal Domicile

Principal Officer

MICHAEL MCMAHAN

Phone

2143516143

Tax Period

2023-01-01 to 2023-12-31

SWMF PROPERTIES INC, founded in 2001, is a community nonprofit in the Diseases & Disorders sector that reported $3.1M in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $6.5M exceeded revenue, resulting in a 105% operating deficit.

Mission

SWMF PROPERTIES, INC. ACQUIRES, RECEIVES, HOLDS, MAINTAINS AND MANAGES REAL AND PERSONAL PROPERTY DONATIONS FOR THE BENEFIT OF SOUTHWESTERN MEDICAL FOUNDATION. THE ORGANIZATION'S CORPORATE PROPERTY IS USED TO SUPPORT THE CHARITABLE PURPOSES OF SOUTHWESTERN MEDICAL FOUNDATION.

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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 $0

Program Service Revenue $0

Investment Income $1,053,745

Other Revenue $2,094,841

TOTAL REVENUE $3,148,586

Expense Breakdown

Grants Paid $4,200,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,200,000

Other Expenses $2,258,605

TOTAL EXPENSES $6,458,605

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,148,586	$4,025,886	-0.2%
Expenses	$6,458,605	$6,334,636	+0.0%
Net Income	$-3,310,019	$-2,308,750	+0.4%

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

$787,704

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID CORRIGAN	CHAIRMAN	0.25	Director	$0	$0	$0
LELAND BURK	DIRECTOR	0.25	Director	$0	$0	$0
DAVID MILLER	DIRECTOR	0.25	Director	$0	$0	$0
JOHN POSTON	DIRECTOR	0.25	Director	$0	$0	$0
KIP TINDELL III	DIRECTOR	0.25	Director	$0	$0	$0
MICHAEL MCMAHAN	PRESIDENT & CEO	0.25	Officer	$0	$23,416	$340,227
KAY SCHLANKEY	SR. VICE PRESIDENT & CFO	0.25	Officer	$0	$28,897	$302,610
EMILY DAVIS	CORPORATE SECRETARY	0.25	Officer	$0	$21,998	$144,867
TRAE HOLMES	DIRECTOR OF ACCOUNTING	0.25	Highest	$0	$25,199	$173,792

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	$3,148,586	$6,458,605	$6,368,531	$-3,310,019
2022	$4,025,886	$6,334,636	$9,865,752	$-2,308,750
2021	$3,734,436	$3,211,048	$12,303,844	$523,388
2020	$2,068,524	$7,190,956	$11,880,648	$-5,122,432
2019	$4,779,287	$3,267,005	$17,172,037	$1,512,282
2018	$5,379,887	$5,335,747	$17,121,189	$44,140

SWMF PROPERTIES INC