SOUTHWEST LENDING CLOSET INC

EIN: 861007574 501(c)(3) Health Care

Avondale, AZ

Total Revenue
$123,359
Total Expenses
$67,296
Total Assets
$1,320,279
Net Assets
$1,320,279
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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
2000
Legal Domicile
AZ
Principal Officer
Ann DeVlaeminck
Phone
6239321016
Tax Period
2023-01-01 to 2023-12-31

SOUTHWEST LENDING CLOSET INC, founded in 2000, is a small nonprofit in the Health Care sector that reported $123K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $56K, a strong 45% operating margin.

Mission

To lend home health equipment to all in need

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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 (2023)

Revenue Breakdown

Contributions & Grants $114,071
Program Service Revenue $0
Investment Income $9,288
Other Revenue $0
TOTAL REVENUE $123,359

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,737
Fundraising Expenses $0
Program Expenses $0
Other Expenses $65,559
TOTAL EXPENSES $67,296

Year-over-Year Comparison

2023 2022 Change
Revenue $123,359 $143,640 -0.1%
Expenses $67,296 $56,766 +0.2%
Net Income $56,063 $86,874 -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

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Governance

Voting Members
11
Independent Members
11
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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ann DeVlaeminck Executive Director 35.00
$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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $123,359 $67,296 $1,320,279 $56,063
2022 $143,640 $56,766 $590,889 $86,874
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