Utah Arts Academy (EIN 384177246) - 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

2021

Legal Domicile

Principal Officer

Drew Williams

Phone

4354144535

Tax Period

2024-07-01 to 2025-06-30

Utah Arts Academy, founded in 2021, is a community nonprofit in the Education sector that reported $4.1M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

Utah Arts Academy is a premier academic and arts-focused school. By combining rigorous academic programming with pre-professional training in a wide array of arts (theatre, dance, music, visual and media arts), we inspire our students' creativity and thought, while providing an essential and dynamic educational foundation that appeals to any university.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,900,873

Program Service Revenue $179,968

Investment Income $11,458

Other Revenue $29,237

TOTAL REVENUE $4,121,536

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,524,946

Fundraising Expenses $0

Program Expenses $3,030,700

Other Expenses $1,648,114

TOTAL EXPENSES $4,173,060

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,121,536	$3,764,116	+0.1%
Expenses	$4,173,060	$3,863,394	+0.1%
Net Income	$-51,524	$-99,278	-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

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

$302,850

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nelson Hafen	Board Chair	3.00	Officer Director	$0	$0	$0
Aubrey Johnson	Vice Chair	3.00	Director	$0	$0	$0
Liz Sharp	Secretary	3.00	Director	$0	$0	$0
Greg Grajek	Board Member	3.00	Director	$0	$0	$0
Rick Schofield	Board Member	3.00	Director	$0	$0	$0
Lil Barron	Board Member	3.00	Director	$0	$0	$0
Brad Shelton	Board Member	3.00	Director	$0	$0	$0
Drew Williams	Principal	50.00	Officer	$118,831	$28,064	$146,895
Kent Brown	CFO	50.00	Officer	$106,208	$49,747	$155,955

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	$4,121,536	$4,173,060	$5,681,959	$-51,524
2024	$3,764,116	$3,863,394	$3,546,252	$-99,278
2023	$3,848,249	$3,195,812	$3,864,245	$652,437
2022	$3,848,920	$2,908,572	$3,007,573	$940,348

Utah Arts Academy