SOUTHWESTERN BUSINESS FINANCING CO… - Form 990 Financial Data

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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

1981

Legal Domicile

Principal Officer

BEN DANNER

Phone

6026667650

Tax Period

2022-10-01 to 2023-09-30

SOUTHWESTERN BUSINESS FINANCING CORP, founded in 1981, is a small nonprofit that reported $151K in total revenue in fiscal year 2022. Revenue fell 81% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 719% operating deficit.

Mission

TO PROMOTE SMALL BUSINESS IN THE STATE OF ARIZONA.

Program Service Accomplishments

Program 1

Expenses: $1,088,268 Revenue: $145,436

THE CORPORATION PROVIDES ECONOMIC ASSISTANCE TO EXISTING SMALL BUSINESSES WITHIN THE STATE OF ARIZONA BY ORIGINATING LOAN PACKAGES FOR SMALL BUSINESS ADMINISTRATION SECTION 503 AND SECTION 504 LOAN PROGRAMS AND BY SERVICING EXISTING LOANS UNDER THESE PROGRAMS. AS OF DECEMBER 31, 2022, 22 THE ORGANIZATION DISSOLVED AND MERGED INTO ARIZONA CAPITAL SOURCE, ANOTHER COMMUNITY DEVELOPMENT CORPORATION IN ARIZONA.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $143,030

Investment Income $6,045

Other Revenue $2,406

TOTAL REVENUE $151,481

Expense Breakdown

Grants Paid $1,002,534

Salaries & Benefits $166,145

Fundraising Expenses $0

Program Expenses $1,088,268

Other Expenses $71,353

TOTAL EXPENSES $1,240,032

Year-over-Year Comparison

	2022	2021	Change
Revenue	$151,481	$813,174	-0.8%
Expenses	$1,240,032	$1,000,775	+0.2%
Net Income	$-1,088,551	$-187,601	+4.8%

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

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

$234,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEN DANNER	CHAIR	2.00	Officer Director	$0	$0	$0
NICK HUDEC	SECRETARY	2.00	Officer Director	$0	$0	$0
JEFF HAYS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
MARK JEBELIAN	TREASURER	2.00	Officer Director	$0	$0	$0
JENNIFER ALAI	DIRECTOR	1.00	Director	$0	$0	$0
GRANT BELTER	DIRECTOR	1.00	Director	$0	$0	$0
JIM BALSBAUGH	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT DUNHAM	DIRECTOR	1.00	Director	$0	$0	$0
JILL B HAMBLEN	DIRECTOR	1.00	Director	$0	$0	$0
JIM KLUSSMAN	DIRECTOR	1.00	Director	$0	$0	$0
TERESA MIRANDA	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT A SMITH	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL WETNIGHT	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE SANDAU	DIRECTOR	1.00	Director	$0	$0	$0
TODD WHISLER	PRESIDENT & CEO	40.00	Officer	$200,000	$34,000	$234,000

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
2023	$151,481	$1,240,032	No data	$-1,088,551
2022	$813,174	$1,000,775	$1,137,344	$-187,601
2021	$1,085,910	$1,228,397	$1,320,383	$-142,487
2020	$908,682	$1,311,747	$1,574,365	$-403,065
2019	$1,066,413	$984,961	$1,908,483	$81,452
2018	$1,044,418	$1,226,478	$1,828,465	$-182,060

SOUTHWESTERN BUSINESS FINANCING CORP