BOOK OF MORMON CENTRAL

EIN: 205294264 501(c)(3) Religion

AMERICAN FORK, UT

Total Revenue
$5,357,959
Total Expenses
$5,912,340
Total Assets
$5,110,040
Net Assets
$4,733,505
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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
2007
Legal Domicile
UT
Phone
8014736405
Tax Period
2023-01-01 to 2023-12-31

BOOK OF MORMON CENTRAL, founded in 2007, is a community nonprofit in the Religion sector that reported $5.4M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $5.9M exceeded revenue, resulting in a 10% operating deficit.

Mission

THE ORGANIZATION PROVIDES HISTORICAL RESEARCH AND INFORMATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,162,814
Program Service Revenue $0
Investment Income $195,145
Other Revenue $0
TOTAL REVENUE $5,357,959

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,350,226
Fundraising Expenses $0
Program Expenses $5,471,530
Other Expenses $2,562,114
TOTAL EXPENSES $5,912,340

Year-over-Year Comparison

2023 2022 Change
Revenue $5,357,959 $6,007,022 -0.1%
Expenses $5,912,340 $3,390,554 +0.7%
Net Income $-554,381 $2,616,468 -1.2%
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

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Governance

Voting Members
20
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
0
$0
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC KNAPP CFO 0.00
Director
$0 $0 $0
LYNNE WILSON Director 0.00
Director
$0 $0 $0
KIRK MAGLEBY Executive Dir. 0.00
Director
$0 $0 $0
JOHN W WELCH Director 0.00
Director
$0 $0 $0
TAYLOR HALVERSON Director 0.00
Director
$0 $0 $0
RICHARD FERGUSON Director 0.00
Director
$0 $0 $0
BOB BABCOCK Director 0.00
Director
$0 $0 $0
SCOTT PETERSEN Director 0.00
Director
$0 $0 $0
HOWARD GOODMAN CHF PEOPLE OFF 0.00
Director
$0 $0 $0
HARRIS LECK Director 0.00
Director
$0 $0 $0
DAVE JENKINS Chairman 0.00
Director
$0 $0 $0
DAN GALORATH CHF GROWTH OFF 0.00
Director
$0 $0 $0
DALE BRADFORD Director 0.00
Director
$0 $0 $0
JAN GARBETT Director 0.00
Director
$0 $0 $0
JOSE VALLE Director 0.00
Director
$0 $0 $0
SCOTT JENSEN Director 0.00
Director
$0 $0 $0
LARRY WILSON Director 0.00
Director
$0 $0 $0
MIKE HUTCHINGS Director 0.00
Director
$0 $0 $0
TRACE MAYER Director 0.00
Director
$0 $0 $0
MARK TANNER Director 0.00
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 $5,357,959 $5,912,340 $5,110,040 $-554,381
2022 $6,007,022 $3,390,554 $5,623,754 $2,616,468
2021 $3,251,641 $2,848,468 $2,865,334 $403,173
2020 $2,663,794 $2,043,484 $888,580 $620,310
2019 $1,540,928 $1,944,436 $279,755 $-403,508
2018 $1,453,711 $1,606,751 $587,994 $-153,040
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