UTAH WORLD TRADE CENTER

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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

2005

Legal Domicile

Principal Officer

JONATHAN FREEDMAN

Phone

8015328080

Tax Period

2023-01-01 to 2023-12-31

UTAH WORLD TRADE CENTER, founded in 2005, is a community nonprofit in the Community Improvement sector that reported $4.8M in total revenue in fiscal year 2023. Expenses of $4.4M left a modest 9% surplus.

Mission

WORLD TRADE CENTERUTAHACCELERATES GROWTH FOR UTAH COMPANIES THROUGH OUR GLOBAL NETWORKS, PROGRAMS, AND SERVICES.

Program Service Accomplishments

Program 1

WORLD TRADE CENTER UTAH LEADS UTAHS INTERNATIONAL BUSINESS DEVELOPMENT AND ELEVATES UTAHS GLOBAL STATUS TO PROMOTE PROSPERITY AND BUILD ECONOMIC RESILIENCE. WTC UTAH ACCOMPLISHES THIS MISSION BY...

WORLD TRADE CENTER UTAH LEADS UTAHS INTERNATIONAL BUSINESS DEVELOPMENT AND ELEVATES UTAHS GLOBAL STATUS TO PROMOTE PROSPERITY AND BUILD ECONOMIC RESILIENCE. WTC UTAH ACCOMPLISHES THIS MISSION BY PURSUING THREE KEY OBJECTIVES: 1) EMPOWER UTAH BUSINESSES TO EXPAND INTERNATIONAL SALES TO INCREASE REVENUE AND CREATE JOBS, 2) ATTRACT FOREIGN INVESTMENT AND FACILITATE INTERNATIONAL PARTNERSHIPS TO FUEL INNOVATION AND BUSINESS DEVELOPMENT, AND 3) MOBILIZE TEAM UTAHS INTERNATIONAL ENGAGEMENT TO ELEVATE UTAHS GLOBAL STATUS.

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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 $4,410,335

Program Service Revenue $396,604

Investment Income $14,219

Other Revenue $0

TOTAL REVENUE $4,821,158

Expense Breakdown

Grants Paid $1,243,869

Salaries & Benefits $1,611,028

Fundraising Expenses $0

Other Expenses $1,514,456

TOTAL EXPENSES $4,369,353

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,821,158	$4,609,714	+0.0%
Expenses	$4,369,353	$4,614,182	-0.1%
Net Income	$451,805	$-4,468	-102.1%

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

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

$475,127

Total Directors

$191,225

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MILES HANSEN	FORMER CEO/B	39.00	Officer Director	$166,468	$24,757	$191,225
JENNIFER NAKAO	CFO	39.00	Officer	$152,435	$23,759	$176,194
DAVID CARLEBACH	COO	40.00	Highest	$140,000	$34,517	$174,517
JONATHAN FREEDMAN	CEO	39.00	Officer	$94,615	$13,093	$107,708
SCOTT ANDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JEREMY ANDRUS	BOARD MEMBER	1.00	Director	$0	$0	$0
LEW CRAMER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
NATALIE GOCHNOUR	CO-CHAIR	1.00	Officer Director	$0	$0	$0
JON HUNTSMAN JR	CHAIR	1.00	Officer Director	$0	$0	$0
MISSY LARSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
DEREK MILLER	BOARD MEMBER	1.00	Director	$0	$0	$0
DERRICK PORTER	BOARD MEMBER	1.00	Director	$0	$0	$0
RYAN STARKS	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIELLE WRIGHT	TREASURER	1.00	Officer 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
2024	No data	No data	No data	No data
2023	$4,821,158	$4,369,353	$4,714,816	$451,805
2022	$4,609,714	$4,614,182	$4,388,895	$-4,468
2021	$3,628,693	$2,598,579	$4,156,113	$1,030,114
2020	$2,463,171	$1,656,818	$3,101,379	$806,353
2019	$2,307,190	$1,855,228	$1,997,372	$451,962
2018	$2,140,547	$1,941,148	$1,668,938	$199,399