Salt Lake Arts Academy

EIN: 731639325 501(c)(3) Education

Salt Lake City, UT

Total Revenue
$4,948,599
Total Expenses
$4,627,067
Total Assets
$6,898,442
Net Assets
$-381,864
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
UT
Principal Officer
Deborah Candler
Phone
8015311173
Tax Period
2023-07-01 to 2024-06-30

Salt Lake Arts Academy, founded in 2003, is a community nonprofit in the Education sector that reported $4.9M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $4.6M left a modest 6% surplus.

Mission

Salt Lake Arts Academy is a middle school serving fifth through eighth graders. Located in Salt Lake City, Utah, the Academy utilizes the unique educational, artistic, scientific and cultural resources of downtown Salt Lake City, and provides such other educational opportunities and academic programs as the Board of Trustees determines.

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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 $4,360,792
Program Service Revenue $381,784
Investment Income $76,991
Other Revenue $129,032
TOTAL REVENUE $4,948,599

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,637,587
Fundraising Expenses $14,051
Program Expenses $4,187,388
Other Expenses $989,480
TOTAL EXPENSES $4,627,067

Year-over-Year Comparison

2023 2022 Change
Revenue $4,948,599 $4,430,773 +0.1%
Expenses $4,627,067 $4,396,870 +0.1%
Net Income $321,532 $33,903 +8.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
72
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
1
$158,019
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Diana Cabrales Member 1.00
Director
$0 $0 $0
Nick Vienneau Member 1.00
Director
$0 $0 $0
John Bakken Treasurer 3.00
Director
$0 $0 $0
Amy Redford Board Member 1.00
Director
$0 $0 $0
Abby Rizk Board Member 5.00
Director
$0 $0 $0
Kelly Goff Board Member 1.00
Director
$0 $0 $0
Shantell Stoff Board Member 1.00
Director
$0 $0 $0
Jennie Stacey Board Member 1.00
Director
$0 $0 $0
Amy Yuda Board Member 1.00
Director
$0 $0 $0
Greg Ostrander Board Member 1.00
Director
$0 $0 $0
Julie Bartel Board Member 3.00
Director
$0 $0 $0
Deborah Candler Principal and CAO 50.00
Officer
$121,058 $36,961 $158,019
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 $4,948,599 $4,627,067 $6,898,442 $321,532
2023 $4,430,773 $4,396,870 $6,588,535 $33,903
2022 $4,045,054 $3,499,256 $7,092,046 $545,798
2021 $4,222,605 $3,847,018 $6,750,209 $375,587
2020 $3,661,989 $3,659,239 $7,708,896 $2,750
2019 $3,477,574 $3,464,802 $4,812,472 $12,772
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