SWEETWATER INDUSTRIAL FOUNDATION

EIN: 756022517

SWEETWATER, TX

Total Revenue
$5,852
Total Expenses
$546,392
Total Assets
N/A
Net Assets
N/A
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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
TX
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

PROMOTING ECONOMIC DEVELOPMENT IN SWEETWATER

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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%)

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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

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Governance

Voting Members
7
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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
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
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