THE SWARM COLLECTIVE INC

EIN: 882370895 501(c)(3) Philanthropy & Grantmaking

NORTH LIBERTY, IA

Total Revenue
$4,145,552
Total Expenses
$3,465,364
Total Assets
$1,286,565
Net Assets
$1,286,565
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
IA
Principal Officer
BRAD HEINRICHS
Phone
2392467109
Tax Period
2024-01-01 to 2024-12-31

THE SWARM COLLECTIVE INC, founded in 2022, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $4.1M in total revenue in fiscal year 2024. Revenue surged 63% from the prior year, signaling strong growth momentum. The organization ran a surplus of $680K, a strong 16% operating margin.

Mission

THE SWARM COLLECTIVE, INC. IS A 501(C)(3) NON-PROFIT CORPORATION THAT SUPPORTS UNIVERSITY OF IOWA ATHLETES BY CREATING OPPORTUNITIES TO BUILD AND ENHANCE THEIR PERSONAL BRAND WHILE ALSO SERVING CHARITIES AND NONPROFITS IN IOWA COMMUNITIES. SUPPORTING SWARM HELPS IOWA'S FOOTBALL AND BASKETBALL ATHLETES EXCEL IN COLLEGIATE ATHLETICS AND PROVIDES SUPPORT FOR OUR IOWA ATHLETES IN ALL 22 SPORTS.

Program Service Accomplishments

Program 1
Expenses: $3,291,901 Revenue: $14,049

THE SWARM COLLECTIVE, INC. ENABLES AND EMPOWERS UNIVERSITY OF IOWA STUDENT-ATHLETES IN AMPLIFYING THEIR NIL OPPORTUNITIES BY CONTRIBUTING THEIR TIME AND DIVERSITY OF TALENTS THROUGH CHARITABLE WORK...

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THE SWARM COLLECTIVE, INC. ENABLES AND EMPOWERS UNIVERSITY OF IOWA STUDENT-ATHLETES IN AMPLIFYING THEIR NIL OPPORTUNITIES BY CONTRIBUTING THEIR TIME AND DIVERSITY OF TALENTS THROUGH CHARITABLE WORK WITH NON-PROFITS, BEING ACTIVE WHILE GIVING BACK TO OUR COMMUNITIES, AND PROVIDING MENTORSHIP TO OUR FUTURE GENERATION OF LEADERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,989,542
Program Service Revenue $0
Investment Income $20,800
Other Revenue $135,210
TOTAL REVENUE $4,145,552

Expense Breakdown

Grants Paid $0
Salaries & Benefits $150,593
Fundraising Expenses $144,082
Program Expenses $3,291,901
Other Expenses $3,314,771
TOTAL EXPENSES $3,465,364

Year-over-Year Comparison

2024 2023 Change
Revenue $4,145,552 $2,538,448 +0.6%
Expenses $3,465,364 $3,379,729 +0.0%
Net Income $680,188 $-841,281 -1.8%
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

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Governance

Voting Members
8
Independent Members
8
Employees
1
Volunteers
8

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
1
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRAD HEINRICHS CEO / DIRECTOR 30.00
Officer Director
$0 $0 $0
SCOTT CARPENTER DIRECTOR 1.00
Director
$0 $0 $0
RON KIRCHHOFF DIRECTOR 1.00
Director
$0 $0 $0
RENEE MOON DIRECTOR 1.00
Director
$0 $0 $0
JACOB JAACKS DIRECTOR 1.00
Director
$0 $0 $0
BRUCE RASTETTER DIRECTOR 1.00
Director
$0 $0 $0
JAIME BRANDT DIRECTOR 1.00
Director
$0 $0 $0
DALLAS CLARK DIRECTOR 1.00
Director
$0 $0 $0
JAYNE OSWALD VP, EVENTS AND ENGAGEMENT 40.00
Highest
$130,000 $10,266 $140,266
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
2024 $4,145,552 $3,465,364 $1,286,565 $680,188
2023 $2,538,448 $3,379,729 $606,584 $-841,281
2022 $2,140,618 $692,960 $1,548,070 $1,447,658
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