UTAH CAPITAL INVESTMENT CORP (EIN 753146492) - 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

2004

Legal Domicile

Principal Officer

KIRT SLAUGH

Phone

8014327667

Tax Period

2023-01-01 to 2023-12-31

UTAH CAPITAL INVESTMENT CORP, founded in 2004, is a micro nonprofit in the Community Improvement sector that reported $926K in total revenue in fiscal year 2023.

Mission

TO PROVIDE ECONOMIC STIMULUS FOR UTAH BUSINESSES BY ORGANIZING AND ACTING AS THE MANAGING MEMBER OF THE UTAH FUND OF FUNDS, LLC (EIN: 11-3775457). THE FUND IS A STATE OF UTAH ECONOMIC DEVELOPMENT PROGRAM AIMED AT PROVIDING ACCESS TO ALTERNATIVE OR NON-TRADITIONAL CAPITAL TO UTAH ENTERPRENEURS.

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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 $0

Program Service Revenue $0

Investment Income $-962,318

Other Revenue $36,780

TOTAL REVENUE $-925,538

Expense Breakdown

Grants Paid $10,000,000

Salaries & Benefits $149,070

Fundraising Expenses $0

Program Expenses $10,662,752

Other Expenses $667,514

TOTAL EXPENSES $10,816,584

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-925,538	$-60,060	+14.4%
Expenses	$10,816,584	$16,215,276	-0.3%
Net Income	$-11,742,122	$-16,275,336	-0.3%

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

$137,948

Total Directors

$137,948

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRET JEPSEN	MANAGING DIRECTOR JAN-FEB	40.00	Officer Director	$133,154	$4,794	$137,948
MARLO OAKS	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL CLAYSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON GULL	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON NIELSEN	FINANCIAL DIRECTOR	2.00	Officer	$0	$0	$0
KIRT SLAUGH	MANAGING DIRECTOR FEB-DEC	2.00	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
2024	No data	No data	No data	No data
2023	$-925,538	$10,816,584	$39,572,818	$-11,742,122
2022	$-60,060	$16,215,276	$52,694,225	$-16,275,336
2021	$13,677,730	$1,332,931	$78,739,556	$12,344,799
2020	$8,302,894	$1,644,407	$82,639,305	$6,658,487
2019	$30,539,062	$2,596,300	$58,030,699	$27,942,762
2018	$25,025,066	$3,781,986	$77,065,661	$21,243,080

UTAH CAPITAL INVESTMENT CORP