The Utah Scholarship Foundation (EIN 331206972) - Form 990 Financial Analysis & Trantor Score

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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

2008

Legal Domicile

Principal Officer

Madison Wilson

Phone

8013802183

Tax Period

2023-10-01 to 2024-09-30

The Utah Scholarship Foundation, founded in 2008, is a small nonprofit in the Education sector that reported $400K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $92K, a strong 23% operating margin.

Mission

To provide scholarships for Utah residents between the ages of 18 and 28 who have graduated from high school and are seeking additional educational opportunities.

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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 $35,586

Program Service Revenue $361,587

Investment Income $2,616

Other Revenue $0

TOTAL REVENUE $399,789

Expense Breakdown

Grants Paid $51,325

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $291,628

Other Expenses $256,468

TOTAL EXPENSES $307,793

Year-over-Year Comparison

	2023	2022	Change
Revenue	$399,789	$360,382	+0.1%
Expenses	$307,793	$299,707	+0.0%
Net Income	$91,996	$60,675	+0.5%

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

N/A

Volunteers

100

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Madison Wilson	Executive Dir.	Officer Director	$0	$0	$0
Whitney Thomas	Director	Officer Director	$0	$0	$0
Tawnya Monson	Secretary	Director	$0	$0	$0
Del Beatty	Director	Director	$0	$0	$0
LeeAnn Southwick	Director	Director	$0	$0	$0
Ari Hansen	Director	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	$399,789	$307,793	$223,745	$91,996
2023	$360,382	$299,707	$131,749	$60,675
2022	$270,886	$302,675	$71,074	$-31,789
2021	$101,305	$220,567	$102,863	$-119,262
2020	$173,281	$119,794	$222,125	$53,487

The Utah Scholarship Foundation