LOA SCHOLARSHIP FUND

EIN: 452534204 501(c)(3) Youth Development

TEASDALE, UT

Total Revenue
$1,334,943
Total Expenses
$894,157
Total Assets
$476,499
Net Assets
$475,858
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
UT
Phone
8013582974
Tax Period
2021-01-01 to 2021-12-31

LOA SCHOLARSHIP FUND, founded in 2011, is a community nonprofit in the Youth Development sector that reported $1.3M in total revenue in fiscal year 2021. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $441K, a strong 33% operating margin.

Mission

The Loa Scholarship Fund provides financial support to qualified individuals that would benefit from Outdoor Behavioral Healthcare treatment for mental health or addiction, including education, prevention, and treatment.We believe that through healthy interventions, ongoing collaboration, and effective wilderness and residential programing we can provide everyone with the opportunity to grow mentally, physically, and emotionally. LOA FUND creates unique opportunities for individuals to receive mental health care, develop support for addiction recovery, and establish healthy family relationships. Through fundraising, community awareness interventions, and program evaluation, LOA FUND ensures that each persons experience is optimally suited for their needs and their strengths. By working with providers and offering scholarships to those in need, we give families hope and make change a genuine possibility.The Loa fund is based in Utah and has representatives in offices in Seattle, Las Veg

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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 (2021)

Revenue Breakdown

Contributions & Grants $1,334,943
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,334,943

Expense Breakdown

Grants Paid $805,500
Salaries & Benefits $75,355
Fundraising Expenses $0
Program Expenses $894,157
Other Expenses $13,302
TOTAL EXPENSES $894,157

Year-over-Year Comparison

2021 2020 Change
Revenue $1,334,943 $899,925 +0.5%
Expenses $894,157 $864,853 +0.0%
Net Income $440,786 $35,072 +11.6%
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
5
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
5
$70,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Derek Daley Chairman 40.00
Director
$40,000 $0 $40,000
Michael Hinkle Board Member 40.00
Director
$30,000 $0 $30,000
Doug Carlson Board Member 0.00
Director
$0 $0 $0
Debbie Jones Treasurer 0.00
Director
$0 $0 $0
Brett Talbot Secretary 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
2021 $1,334,943 $894,157 $476,499 $440,786
2020 $899,925 $864,853 $45,496 $35,072
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