SWEETWATER INDUSTRIAL FOUNDATION

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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

1962

Legal Domicile

Principal Officer

WALT MAY

Phone

3252355488

Tax Period

2019-10-01 to 2020-09-30

SWEETWATER INDUSTRIAL FOUNDATION, founded in 1962, is a micro nonprofit that reported $6K in total revenue in fiscal year 2019. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $546K exceeded revenue, resulting in a 9237% operating deficit.

Mission

NONE

Program Service Accomplishments

Program 1

PROMOTING ECONOMIC DEVELOPMENT IN SWEETWATER BY AIDING EXISTING BUSINESS AND ATTRACTING NEW INDUSTRY MARKETING, ADVERTISING, PROVIDING BUILDINGS TO RENT AND TRACTS OF LAND FOR SALE

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,100

Investment Income $3,752

Other Revenue $0

TOTAL REVENUE $5,852

Expense Breakdown

Grants Paid $544,474

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,918

TOTAL EXPENSES $546,392

Year-over-Year Comparison

	2019	2018	Change
Revenue	$5,852	$4,822	+0.2%
Expenses	$546,392	$7,464	+72.2%
Net Income	$-540,540	$-2,642	+203.6%

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

Governance

Voting Members

Independent Members

N/A

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
RODNEY FOSTER	VP, SEC, TREASURER	2.00	Officer Director	$0	$0	$0
WALT MAY	PRESIDENT	2.00	Officer 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
2020	$5,852	$546,392	No data	$-540,540
2019	$4,822	$7,464	$541,054	$-2,642
2018	$3,523	$3,260	$543,695	$263