Monticello Academy Inc

EIN: 204303874 501(c)(3) Education

West Valley City, UT

Total Revenue
$14,611,960
Total Expenses
$13,926,025
Total Assets
$22,467,362
Net Assets
$1,730,397
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
UT
Principal Officer
Dane Roberts
Phone
8014178040
Tax Period
2024-07-01 to 2025-06-30

Monticello Academy Inc, founded in 2006, is a mid-sized nonprofit in the Education sector that reported $14.6M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $13.9M left a modest 5% surplus.

Mission

The mission of Monticello Academy is to prepare students for higher education by providing a well-rounded, rigorous liberal arts education and developing the traditional American traits of hard work and strong moral character that lead to academic and life success.

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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 $13,986,120
Program Service Revenue $225,769
Investment Income $95,506
Other Revenue $304,565
TOTAL REVENUE $14,611,960

Expense Breakdown

Grants Paid $0
Salaries & Benefits $9,894,206
Fundraising Expenses $41,956
Program Expenses $12,516,399
Other Expenses $4,031,819
TOTAL EXPENSES $13,926,025

Year-over-Year Comparison

2024 2023 Change
Revenue $14,611,960 $13,083,646 +0.1%
Expenses $13,926,025 $12,836,262 +0.1%
Net Income $685,935 $247,384 +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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
220
Volunteers
735

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
$238,099
Total Directors
5
$28,675
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Joel Coleman Trustee 1.00
Director
$0 $0 $0
Martell Winters Trustee 1.00
Director
$0 $0 $0
Emile Gibson Trustee 1.00
Director
$28,675 $0 $28,675
Kim Coleman Trustee 1.00
Director
$0 $0 $0
Andrea Gonzales Trustee 1.00
Director
$0 $0 $0
Dane Roberts Executive Director 40.00
Officer
$185,552 $52,547 $238,099
Lindsey Heinig Campus Director 40.00
Highest
$108,044 $44,110 $152,154
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
2025 $14,611,960 $13,926,025 $22,467,362 $685,935
2024 $13,083,646 $12,836,262 $22,312,375 $247,384
2023 $11,878,580 $11,876,078 $22,952,325 $2,502
2022 $10,995,188 $9,350,553 $19,391,923 $1,644,635
2021 $7,821,521 $8,343,800 $19,308,267 $-522,279
2020 $5,448,578 $5,620,747 $11,484,658 $-172,169
2019 $5,559,153 $5,334,292 $11,791,725 $224,861
2018 $5,548,524 $5,154,419 $11,679,055 $394,105
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