Swr1 Inc
- Assets
- $2.0m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Watertown, WI
- Founding
- Data as of
- 06/2022
- EIN
- 85-1449153
Organization Overview
Swr1 Inc is located in Watertown, WI. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Swr1 Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Swr1 Inc generated $3.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $4.1m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZE, OPERATE AND MAINTAIN A CARE CENTER IN SOUTHWESTERN WISCONSIN FOR THE ELDERLY AND INFIRM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE AND MAINTAIN A CARE CENTER IN SOUTHWEST WISCONSIN FOR THE ELDERLY AND INFIRM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Mauthe CEO | OfficerTrustee | 5 | $0 |
Michael Libby Senior VP Of Operations | OfficerTrustee | 5 | $0 |
Nicole Chwala CFO | OfficerTrustee | 5 | $0 |
Doug Rogers Board Chair | Trustee | 1 | $0 |
Jesse Sookochoff Treasurer | Trustee | 1 | $0 |
Dan Rohrbach Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marquardt Management Services Mgmt & Admin Fees & Payroll Billback | 6/29/22 | $678,644 |
New Horizon Foods Dietary Labor & Services | 6/29/22 | $432,728 |
Southwest Health Center Therapy, Lab, Xray Etc Provider | 6/29/22 | $164,171 |
Wi Department Of Health Services State License Agency | 6/29/22 | $112,540 |
Leaderstat Contracted Nursing | 6/29/22 | $108,710 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $167,481 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,630 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $169,111 |
| Total Program Service Revenue | $3,658,318 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,827,431 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,343,303 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $276,629 |
| Payroll taxes | $0 |
| Fees for services: Management | $344,355 |
| Fees for services: Legal | $119,879 |
| Fees for services: Accounting | $14,448 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $805,196 |
| Advertising and promotion | $51,519 |
| Office expenses | $114,635 |
| Information technology | $80,705 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,032 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $91,653 |
| Insurance | $81,586 |
| All other expenses | $30,563 |
| Total functional expenses | $4,134,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,240,740 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $354,451 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,355 |
| Net Land, buildings, and equipment | $389,972 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $37 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,986,555 |
| Accounts payable and accrued expenses | $433,176 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $348,945 |
| Total liabilities | $782,121 |
| Net assets without donor restrictions | $1,204,434 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,986,555 |