Golden Spike Foundation

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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

2018

Legal Domicile

Principal Officer

Robyn Kremer

Phone

8016348910

Tax Period

2025-01-01 to 2025-12-31

Golden Spike Foundation, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $308K in total revenue in fiscal year 2025. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $884K exceeded revenue, resulting in a 187% operating deficit.

Mission

Through a series of activities amd events, the Spike 150 initiative aims to inspire, educate, and reflect on the Transcontinental Railroad legacy as it unifies Utahns to see that great things are possible with vision, hard-work, dedication, innovation, and collaboration.

Program Service Accomplishments

Program 1

Expenses: $1,600,000

monument for donation to public location

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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 (2025)

Revenue Breakdown

Contributions & Grants $261,605

Program Service Revenue $0

Investment Income $46,113

Other Revenue $0

TOTAL REVENUE $307,718

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $3,000

Program Expenses $1,600,000

Other Expenses $881,373

TOTAL EXPENSES $884,373

Year-over-Year Comparison

	2025	2024	Change
Revenue	$307,718	$668,751	-0.5%
Expenses	$884,373	$675,883	+0.3%
Net Income	$-576,655	$-7,132	+79.9%

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

N/A

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
Ross Peterson	Officer	002.00	Director	$0	$0	$0
Stephen Price	officer	002.00	Director	$0	$0	$0
Aimee McConkie	Officer	002.00	Officer	$0	$0	$0
Doug Foxley	Officer	010.00	Officer	$0	$0	$0
Chris Robinson	Officer	002.00	Officer	$0	$0	$0
Jill Remington Love	Ex-officio	002.00	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	$307,718	$884,373	$843,658	$-576,655
2024	$668,751	$675,883	$1,420,313	$-7,132
2023	$1,565,425	$1,068,830	$1,427,445	$496,595
2022	$1,457,796	$856,511	$930,850	$601,285
2021	$747,055	$741,180	$329,565	$5,875
2019	$2,893,068	$2,941,828	$402,549	$-48,760
2018	$955,050	$504,439	$450,611	$450,611