MCSWAIN CHARITABLE TRUST (EIN 874462426) - Form 990 Financial Analysis & Trantor Score

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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

2022

Legal Domicile

Principal Officer

MERRY MCSWAIN

Phone

5042596468

Tax Period

2023-01-01 to 2023-12-31

MCSWAIN CHARITABLE TRUST, founded in 2022, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $142K in total revenue in fiscal year 2023. Revenue fell 88% from the prior year — a significant decline worth monitoring. Expenses of $237K exceeded revenue, resulting in a 67% operating deficit.

Mission

SEEK, MANAGE, AND SOLICIT DONATIONS TO THE MCSWAIN TRAUMA EDUCATION PROJECT IN A WAY TO MAINTAIN THE LONGEVITY OF THE PROJECT AND TO GROW IT INTO A LARGER ORGANIZATION AND TO MAINTAIN AND KEEP IN GOOD REPAIR THE CORPORATE OFFICES AT 1214 BOURBON STREET, NEW ORLEANS, LA.

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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 $141,810

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $141,810

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,644

Fundraising Expenses $0

Program Expenses $182,220

Other Expenses $219,620

TOTAL EXPENSES $237,264

Year-over-Year Comparison

	2023	2022	Change
Revenue	$141,810	$1,191,395	-0.9%
Expenses	$237,264	$144,526	+0.6%
Net Income	$-95,454	$1,046,869	-1.1%

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

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
MERRY MCSWAIN	TRUSTEE	10.00	Director	$0	$0	$0
ALISON SMITH	TRUSTEE	0.40	Director	$0	$0	$0
WILL CHAPLEAU	TRUSTEE	0.40	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
2023	$141,810	$237,264	$953,675	$-95,454
2023	$141,810	$217,264	$18,675	$-75,454
2022	$216,395	$124,526	$91,869	$91,869
2022	$1,191,395	$144,526	$1,046,869	$1,046,869

MCSWAIN CHARITABLE TRUST