BSW INC

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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

1975

Legal Domicile

Principal Officer

STEVE BRACCO

Phone

4067236501

Tax Period

2023-07-01 to 2024-06-30

BSW INC, founded in 1975, is a community nonprofit that reported $6.3M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $6.0M left a modest 5% surplus.

Mission

LIVE FOR TODAY, PLAN FOR TOMORROW. THE COMPANY WAS FORMED EXCLUSIVELY FOR EDUCATION AND CHARITABLE PURPOSES TO PROVIDE SUPERVISED PROGRAMS OF VOCATIONAL TRAINING IN A WORK-ORIENTED FACILITY FOR THE DEVELOPMENT OF WORK SKILLS, PERSONAL ADJUSTMENT, AND REHABILITATION FOR THE VOCATIONALLY HANDICAPPED OR DISABLED PERSON. THE COMPANY ALSO OPERATES A COMMUNITY LIVING PROGRAM TO ENHANCE LIVING SKILLS AND PROMOTE INDEPENDENCE.

Program Service Accomplishments

Program 1

Expenses: $2,547,346 Revenue: $2,884,558

BSW COMMUNITY HOME SERVICES - ACTIVITIES ASSOCIATED WITH THE PROVISION OF AN ARRAY OF LIVING ARRANGEMENTS TO MEET THE NEEDS OF INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES TO FACILITATE THEIR...

BSW COMMUNITY HOME SERVICES - ACTIVITIES ASSOCIATED WITH THE PROVISION OF AN ARRAY OF LIVING ARRANGEMENTS TO MEET THE NEEDS OF INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES TO FACILITATE THEIR INTEGRATION INTO COMMUNITY LIFE WITH EACH PERSON'S HEALTH, SAFETY, AND WELL BEING ENSURED IN EACH RESIDENTIAL SETTING. IT PROVIDES THEM HELP WITH ACTIVITIES OF DAILY LIVING.

Program 2

Expenses: $1,311,103 Revenue: $1,296,139

BSW WORK DAY SERVICES - FUNCTIONAL TRAINING IN NON-RESIDENTIAL SETTINGS WHICH IS BASED ON THE INDIVIDUAL REHABILITATION PLAN FOR ADULTS WITH DEVELOPMENTAL DISABILITIES AND IN THE INTENSIVE SERVICE...

BSW WORK DAY SERVICES - FUNCTIONAL TRAINING IN NON-RESIDENTIAL SETTINGS WHICH IS BASED ON THE INDIVIDUAL REHABILITATION PLAN FOR ADULTS WITH DEVELOPMENTAL DISABILITIES AND IN THE INTENSIVE SERVICE THE EMPHASIS IS ON THE BASIC LIFE SKILLS. WORK DAY PROVIDES JOB TRAINING IN A VARIETY OF AREAS SUCH AS CARPENTRY, MANUFACTURING, JANITORIAL SERVICES AND LAWN MAINTENANCE TO INDIVIDUALS WITH DISABILITIES.

Program 3

Expenses: $722,139 Revenue: $1,057

THRIFT STORE PROVIDES EMPLOYMENT AND TRAINING AND OPPORTUNITY TO DISABLED INDIVIDUALS. THE INDIVIDUALS PREPARE DONATED CLOTHING AND HARD GOODS FOR SALE TO THE PUBLIC.

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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 $15,008

Program Service Revenue $5,524,789

Investment Income $128,962

Other Revenue $639,344

TOTAL REVENUE $6,308,103

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,518,690

Fundraising Expenses $0

Program Expenses $5,754,003

Other Expenses $1,466,785

TOTAL EXPENSES $5,985,475

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,308,103	$5,315,217	+0.2%
Expenses	$5,985,475	$5,308,030	+0.1%
Net Income	$322,628	$7,187	+43.9%

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

199

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

$175,842

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE TOCHER	PRESIDENT	1.00	Officer Director	$0	$0	$0
JODEL PETRONI	SECRETARY	1.00	Officer Director	$0	$0	$0
NORTHEY TRETHEWAY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SHANI BAILEY	DIRECTOR	1.00	Director	$0	$0	$0
BOB BRISTOL	DIRECTOR	1.00	Director	$0	$0	$0
KUMAR GANESAN	DIRECTOR	1.00	Director	$0	$0	$0
MARLENE PIAZZOLA	DIRECTOR	1.00	Director	$0	$0	$0
STEVE BRACCO	EXECUTIVE DIRECTOR	40.00	Officer	$94,155	$18,075	$112,230
RAELYNN HEATH	FINANCE DIRECTOR	40.00	Officer	$57,116	$6,496	$63,612

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
2025	No data	No data	No data	No data
2024	$6,308,103	$5,985,475	$8,621,762	$322,628
2023	$5,315,217	$5,308,030	$8,183,298	$7,187
2022	$5,442,794	$5,249,733	$8,072,506	$193,061
2021	$5,674,584	$5,498,357	$7,938,236	$176,227
2020	$5,612,744	$5,479,392	$7,923,397	$133,352
2019	$5,642,246	$5,405,744	$7,771,610	$236,502
2018	$5,838,751	$5,804,135	$7,520,254	$34,616