UTAH STEM FOUNDATION INC

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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

2015

Legal Domicile

Principal Officer

SUE REDINGTON

Phone

8015388800

Tax Period

2024-07-01 to 2025-06-30

UTAH STEM FOUNDATION INC, founded in 2015, is a small nonprofit in the Education sector that reported $770K in total revenue in fiscal year 2024. Expenses of $1.2M exceeded revenue, resulting in a 55% operating deficit.

Mission

THE UTAH STEM FOUNDATION IS A PART OF THE UTAH DEPARTMENT OF HERITAGE AND ARTS (DHA), WHICH IS NOW REFERRED TO AS THE DEPARTMENT OF CULTURAL AND COMMUNITY ENGAGEMENT (CCE). THE FOUNDATION'S MAIN PRIORITY IS TO HELP ENHANCE THE EFFORTS OF THE STEM ACTION CENTER, WHOSE MISSION IS TO PRODUCE A STEM COMPETITIVE WORKFORCE TO ENSURE UTAH'S CONTINUED ECONOMIC SUCCESS IN THE GLOBAL MARKETPLACE. THE UTAH STEM FOUNDATION WILL ACCOMPLISH THIS BY COLLABORATING WITH COMMUNITY PARTNERS TO CREATE ENGAGEMENT AND INDUSTRY ALIGNMENT AND DELIBERATELY ALLOCATE VALUABLE FUNDS.

Program Service Accomplishments

Program 1

Expenses: $1,194,398

THE UTAH STEM FOUNDATION HELPS TO SUPPORT STEM FEST, STEM IN MOTION, STEM ON STAGE MAGIC SHOW, STEM BEST PRACTICES, GREEN OUR PLANET HYDROPONICS PROGRAMS, STEM SPOTS, STEM INNOVATION HUB, FIRST AND VEX ROBOTICS, MICRO STEM FEST KITS, MYSTEM, TINKER TOTES, AS WELL AS MANY OTHER STEM INITIATIVES THAT HAVE STATEWIDE IMPACT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $770,414

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $770,414

Expense Breakdown

Grants Paid $0

Salaries & Benefits $551,832

Fundraising Expenses $0

Program Expenses $1,194,398

Other Expenses $642,566

TOTAL EXPENSES $1,194,398

Year-over-Year Comparison

	2024	2023	Change
Revenue	$770,414	$751,746	+0.0%
Expenses	$1,194,398	$1,043,091	+0.1%
Net Income	$-423,984	$-291,345	+0.5%

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

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLISON SPENCER	EX-OFFICIO MEMBER/STAFF	15.00	Director	$0	$0	$0
ANGELA MASTALOUDIS	BOARD MEMBER	1.00	Director	$0	$0	$0
BRAD SCHAFER	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN PARKER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSH BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
VANESSA PEREZ	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC POPE	BOARD CHAIR	1.00	Director	$0	$0	$0
LEE MCCULLOUGH	BOARD MEMBER	1.00	Director	$0	$0	$0
TAMI GOETZ	EX-OFFICIO MEMBER/STAFF	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
2025	$770,414	$1,194,398	$679,548	$-423,984
2024	$751,746	$1,043,091	$1,103,532	$-291,345
2023	$586,479	$688,877	$1,394,877	$-102,398
2022	$603,206	$516,828	$1,497,275	$86,378
2021	$324,232	$492,024	$1,410,897	$-167,792
2020	$513,205	$571,605	$1,578,689	$-58,400
2019	$1,230,001	$851,787	$1,637,089	$378,214