UTAH CHARTER ACADEMIES INC (EIN 680547532) - 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

2003

Legal Domicile

Principal Officer

CAROLYN SHARETTE

Phone

8015538500

Tax Period

2022-07-01 to 2023-06-30

UTAH CHARTER ACADEMIES INC, founded in 2003, is a mid-sized nonprofit in the Education sector that reported $56.4M in total revenue in fiscal year 2022. Expenses of $52.7M left a modest 7% surplus.

Mission

TO ENSURE EACH STUDENT ACHIEVES MAXIMUM ACADEMIC SUCCESS BY TEACHING SKILLS TO MASTERY LEVELS, IMPARTING VALUABLE KNOWLEDGE, TRANSMITTING COMMON CULTURE THAT BINDS US AS A NATION, AND EXPOSING CHILDREN TO SUPREME EXAMPLES OF ARTISTIC AND INTELLECTUAL ACHIEVEMENT.

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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 (2022)

Revenue Breakdown

Contributions & Grants $54,652,588

Program Service Revenue $1,086,520

Investment Income $634,925

Other Revenue $0

TOTAL REVENUE $56,374,033

Expense Breakdown

Grants Paid $0

Salaries & Benefits $32,745,790

Fundraising Expenses $0

Program Expenses $35,756,039

Other Expenses $19,935,665

TOTAL EXPENSES $52,681,455

Year-over-Year Comparison

	2022	2021	Change
Revenue	$56,374,033	$54,733,479	+0.0%
Expenses	$52,681,455	$50,609,467	+0.0%
Net Income	$3,692,578	$4,124,012	-0.1%

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

985

Volunteers

2000

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS HORTIN	MEMBER	1.00	Director	$0	$0	$0
THOMAS YOUNG	Treasurer	1.00	Director	$0	$0	$0
STEPHANIE HENDERSON	Secretary	1.00	Director	$0	$0	$0
TED HEAP	Chairman	1.00	Officer Director	$0	$0	$0
BRAD BLANCHART	Member	1.00	Director	$0	$0	$0
CAROLYN SHARETTE	Executive Dir.	40.00	Officer	$0	$0	$0
CASEY CRELLIN	CFO	40.00	Officer	$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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$56,374,033	$52,681,455	$93,612,412	$3,692,578
2022	$54,733,479	$50,609,467	$92,151,541	$4,124,012
2021	$47,458,045	$49,516,844	$87,193,817	$-2,058,799
2020	$46,330,384	$45,662,900	$93,349,501	$667,484
2019	$41,244,624	$41,656,015	$94,286,840	$-411,391
2018	$40,683,784	$37,039,528	$98,510,797	$3,644,256

UTAH CHARTER ACADEMIES INC