FUTUREINDESIGN INC

EIN: 811194026 501(c)(3)

PRICE, UT

Total Revenue
$1,762,629
Total Expenses
$1,689,145
Total Assets
$328,674
Net Assets
$180,991
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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
2016
Legal Domicile
UT
Principal Officer
NICHOLINA WOMACK
Phone
4353390695
Tax Period
2021-01-01 to 2021-12-31

FUTUREINDESIGN INC, founded in 2016, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2021. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $1.7M left a modest 4% surplus.

Mission

FUTUREINDESIGN INC (FIND) CREATES AN ENVIRONMENT WHERE PEOPLE GROW THEIR STRENGTHS, CHALLENGE LIMITATIONS, AND BUILD THE CONFIDENCE TO FIND DIRECTION.

Program Service Accomplishments

Program 1
Expenses: $1,642,674 Revenue: $1,274,419

FUTUREINDESIGN'S TECHNOLOGY FOCUSED WORKFORCE DEVELOPMENT PROGRAM FOCUSES ON FOUR KEY OUTCOMES TO ASSIST UNDERREPRESENTED STUDENTS IN GAINING UPWARD MOBILITY IN UTAH'S TECHNOLOGY INDUSTRY. THESE...

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FUTUREINDESIGN'S TECHNOLOGY FOCUSED WORKFORCE DEVELOPMENT PROGRAM FOCUSES ON FOUR KEY OUTCOMES TO ASSIST UNDERREPRESENTED STUDENTS IN GAINING UPWARD MOBILITY IN UTAH'S TECHNOLOGY INDUSTRY. THESE OUTCOMES INCLUDE: 1) NEW, PART-TIME EMPLOYMENT, 2) COLLEGE CREDITS/NATIONAL CERTIFICATION, 3) JOB TRAINING STIPEND/INDUSTRY-LEVEL COMPUTER, AND 4) CREATION OF PROFESSIONAL PORTFOLIOS. THE YOUNG ADULT CAREER READINESS PROGRAM PARTICIPANTS COMPLETE THE PROGRAM WITH NO COLLEGE DEBT, A MARKETABLE RESUME, A PORTFOLIO DEMONSTRATING COMPETENCY, AND INDUSTRY CERTIFICATIONS AND COLLEGE CREDIT.

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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 $488,210
Program Service Revenue $1,274,419
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,762,629

Expense Breakdown

Grants Paid $0
Salaries & Benefits $624,919
Fundraising Expenses $24,865
Program Expenses $1,642,674
Other Expenses $1,043,621
TOTAL EXPENSES $1,689,145

Year-over-Year Comparison

2021 2020 Change
Revenue $1,762,629 $1,278,428 +0.4%
Expenses $1,689,145 $1,329,437 +0.3%
Net Income $73,484 $-51,009 -2.4%
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
5
Employees
37
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
3
$85,204
Total Directors
5
$85,204
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICHOLINA WOMACK CEO 40.00
Officer Director
$85,204 $0 $85,204
ELLEN BILLIE CHAIR 1.00
Officer Director
$0 $0 $0
TIM HUNT TREASURER 1.00
Officer Director
$0 $0 $0
ROBERT PAYNE DIRECTOR 1.00
Director
$0 $0 $0
BRETT SMITH DIRECTOR 1.00
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 $1,762,629 $1,689,145 $328,674 $73,484
2020 $1,278,428 $1,329,437 $254,364 $-51,009
2019 $832,597 $737,323 $179,203 $95,274
2018 $289,171 $244,889 $46,221 $44,282
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