Southwest Initiative Foundation

Community Development · Hutchinson, Minnesota

15 3Rd Ave Nw, Hutchinson, MN 55350-1643

EIN: 411555592· Founded: Aug 1986· 40 years active· Filing Year: 2023

Annual Revenue

$13.3M

Total Expenses

$10.3M

Total Assets

$108.2M

Program Spending

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

$591K

5.7% of total expenses

All officers, directors, and key employees combined

Other Salaries & Wages

$1.4M

Total Payroll

$2.0M

19% of total expenses

Programs: 7%

Payroll: 19%

Other overhead: 94%

Program Revenue$672K (5%)

Total Expenses$10.3M (78%)

Payroll$2.0M (19%)

Overhead (non-program)94%

Program Spending Ratio

7% of expenses go to programs

40%

Revenue & Stability

$13.3M annual revenue

15%

Executive Compensation

$591K total officer comp (5.7% of expenses)

20%

Filing Recency

Most recent filing: 2023

15%

Asset Strength

$108.2M in assets

10%

Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.