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Utah · Nonprofit

SWATC FOUNDATION

SWATC FOUNDATION (Utah) receives grants from 4 organizations whose IRS filings report $96,500 to it, the largest being IHC HEALTH SERVICES INC ($60,000). 3 of them have funded it in more than one year.

Revenue FY2025
$417k
Funders on record
4
Grants received
$97k
Net assets
$1.0M
3/4 repeat funderspeak grant-dependency 22%
01What it does

What Swatc Foundation does

Mission

The mission of the organization is to provide funding to support the educational purposes of southwest technical college.

As stated on its FY2025 Form 990.

Program

  1. During fiscal year 6-30-2025, the Swatc Foundation (dba swatc partners) continued to support the charitable and educational mission of southwest technical college by securing and stewarding private donations and grants for student success initiatives. The foundation received $345,340 in total grants and donations, $48,332 in investment income, and $22,898.25 in services contributed from southwest technical college reflecting strong community and corporate support. A significant portion of these funds$244,430 was awarded as scholarships and direct student support, providing critical financial assistance and expanding access to technical education for students across the college's service region. In addition to scholarships, foundation resources were used to support key community and institutional priorities, including the business and innovation center, equipment for the automotive program, support for the student pantry, and the administration of the first cohort of the empower u program. These efforts demonstrate the foundation's ongoing commitment to removing financial barriers for students while also investing in strategic initiatives that strengthen workforce training and…

    $291,657 spentof which $284,252 as grants
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $291,657.

02The organization over time

The organization over time

Each line starts at 100 in 2021, so what you read is the shape rather than the size: 150 means half as much again as 2021, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20212021 Revenue 100 ($183k) Expenses 100 ($189k) Net assets 100 ($521k)2022 Revenue 152 ($279k) Expenses 32 ($61k) Net assets 142 ($739k)2023 Revenue 225 ($411k) Expenses 105 ($199k) Net assets 183 ($951k)2024 Revenue 151 ($276k) Expenses 137 ($258k) Net assets 186 ($969k)2025 Revenue 228 ($417k) Expenses 182 ($343k) Net assets 200 ($1.0M)
20212022202320242025
Revenue (228)Expenses (182)Net assets (200)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $753k to $1.1M (+45%).

$669k
$753k
$1.1M
$1.2M
$1.2M
20212022202320242025
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

88% of SWATC FOUNDATION’s revenue is contributions — more donation-reliant than the typical peer (57% for the typical peer).

This organization
Typical peer · 24,946 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 5 reported years ran a deficit.

−$6k
’21
$218k
’22
$212k
’23
$18k
’24
$73k
’25
40
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Bruce Hughes

Chair

As listed on its FY2025 Form 990.

20212022202320242025
Listed8991010
Joined·+2+0+2+1
No longer listed·1011
03Who funds it

Who funds it, year by year

2020 → 2022: the base broadened from 2 funders to 3 funders, grant income rose $15k → $42k.

1 of 4 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 0% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of SWATC FOUNDATION’s funders (the co-funder graph). Top 3 of 4 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

SWATC FOUNDATION leans on a few funders — its largest provides 62% of grant income and the top three 100%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

62% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund SWATC FOUNDATION.

62%
largest funder
100%
top three
~2
effective funders

Largest funder’s share by year: 2020 67% · 2021 75% · 2022 72% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

62% of SWATC FOUNDATION's grant income comes from Utah funders.

OR
UT
VA

In-state vs out-of-state, by year

’20
’21
’22
Utah out of state home

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

SWATC FOUNDATION holds deeper cash reserves than three-quarters of the 16,849 education nonprofits its size.

Operating margin18% · above the median
Months of reserve40.2mo · top quartile
Revenue growth (annualized)23% · top quartile

this organization peer median middle 50% of peers· 16,849 education nonprofits $100k–$1M, FY2025

Organizations like SWATC FOUNDATION

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Utah

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

85% of spending goes to programs.

Program 85%Management 6%Fundraising 9%

Governance

10
board members
60%
independent
✓Conflict-of-interest policy–Whistleblower policy–Document retention✓Board reviewed the 990–Audited financials

Public support

68%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Part of a family of 1 related entity

  • Southwest Technical College · exempt

Screen this organization

A dated, signed PDF of the compliance screen for SWATC FOUNDATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds SWATC FOUNDATION?
SWATC FOUNDATION (Utah) receives grants from 4 organizations whose IRS filings report $96,500 to it, the largest being IHC HEALTH SERVICES INC ($60,000). 3 of them have funded it in more than one year.
How many funders does SWATC FOUNDATION have?
IRS filings report 4 organizations giving $96,500 in grants to SWATC FOUNDATION, 3 of which have funded it in more than one year.
Who is the largest funder of SWATC FOUNDATION?
IHC HEALTH SERVICES INC is the largest funder on record, with $60,000 in grants. The full list of funders is on this page.
How can an organization like SWATC FOUNDATION find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Utah. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2021–2025), and the filings of 4 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing