UTAH ATHLETIC FOUNDATION (EIN 841367913) - 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

1997

Legal Domicile

Principal Officer

COLIN HILTON

Phone

4356584200

Tax Period

2024-05-01 to 2025-04-30

UTAH ATHLETIC FOUNDATION, founded in 1997, is a mid-sized nonprofit in the Recreation & Sports sector that reported $34.4M in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $38.2M exceeded revenue, resulting in a 11% operating deficit.

Mission

FOSTER DEVELOPMENT OF WINTER SPORTS IN UTAH AND MANAGE AND MAINTAIN THE UTAH OLYMPIC PARK, UTAH OLYMPIC OVAL AND SOLDIER HOLLOW NORDIC CENTER

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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 $7,009,107

Program Service Revenue $23,877,419

Investment Income $2,568,575

Other Revenue $993,723

TOTAL REVENUE $34,448,824

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,714,682

Fundraising Expenses $50,549

Program Expenses $35,647,517

Other Expenses $20,493,242

TOTAL EXPENSES $38,207,924

Year-over-Year Comparison

	2024	2023	Change
Revenue	$34,448,824	$54,191,388	-0.4%
Expenses	$38,207,924	$37,318,671	+0.0%
Net Income	$-3,759,100	$16,872,717	-1.2%

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

938

Volunteers

610

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

$1,304,102

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRETT HOPKINS	BOARD MEMBER	0.50	Director	$0	$0	$0
SPENCER F ECCLES	BOARD MEMBER	0.50	Director	$0	$0	$0
NATALIE GOCHNOUR	BOARD CHAIR	2.00	Director	$0	$0	$0
FRASER BULLOCK	BOARD MEMBER	2.00	Director	$0	$0	$0
ERIC HUTCHINGS	BOARD MEMBER	0.50	Director	$0	$0	$0
JIM OLSON	BOARD MEMBER	1.50	Director	$0	$0	$0
CATHERINE RANEY NORMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
NUBIA PENA	BOARD MEMBER	0.50	Director	$0	$0	$0
CHRIS MAZDZER	BOARD MEMBER	0.50	Director	$0	$0	$0
HEATHER MCPHIE WATANABE	BOARD MEMBER	0.50	Director	$0	$0	$0
COURTLAND NELSON	BOARD MEMBER	0.50	Director	$0	$0	$0
WAYNE NIEDERHAUSER	BOARD MEMBER	0.50	Director	$0	$0	$0
MOLLY MAZZOLINI	BOARD MEMBER	0.50	Director	$0	$0	$0
JANICE UGAKI	BOARD MEMBER	0.50	Director	$0	$0	$0
CHRIS WADDELL	BOARD MEMBER	0.50	Director	$0	$0	$0
BYRON RUSSELL	BOARD MEMBER	0.50	Director	$0	$0	$0
JEREMY ANDRUS	BOARD MEMBER	0.50	Director	$0	$0	$0
KAITLIN ESKELSON	BOARD MEMBER	0.50	Director	$0	$0	$0
MIKE COOPER	ADVISOR	1.00	Director	$0	$0	$0
COLIN HILTON	PRESIDENT & CEO	45.00	Officer	$336,681	$25,943	$362,624
CALUM CLARK	CHIEF OPERATING OFFICER	45.00	Officer	$231,910	$23,203	$255,113
KARLA KNOX	CHIEF FINANCIAL OFFICER	45.00	Officer	$216,970	$23,801	$240,771
LISA BENNION RASMUSSEN	CHIEF REVENUE OFFICER	45.00	Officer	$212,774	$12,339	$225,113
CHRISTIE HIND	EXEC DIR - PARK CITY SKI & SNOWBOARD	45.00	Officer	$203,224	$17,257	$220,481
JAMIE KIMBALL	HIGHEST COMPENSATED EMPLOY	40.00	Highest	$149,200	$4,307	$153,507
JARED GOFF	HIGHEST COMPENSATED EMPLOY	40.00	Highest	$131,906	$4,280	$136,186
LUKE BODENSTEINER	HIGHEST COMPENSATED EMPLOY	40.00	Highest	$172,326	$23,088	$195,414
TODD PORTER	HIGHEST COMPENSATED EMPLOY	40.00	Highest	$132,283	$21,899	$154,182
CHRISTOPHER HASLOCK	KEY EMPLOYEE	40.00	Highest	$125,279	$19,136	$144,415

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	$34,448,824	$38,207,924	$152,780,438	$-3,759,100
2024	$54,191,388	$37,318,671	$154,133,501	$16,872,717
2023	$52,468,703	$33,167,193	$153,243,563	$19,301,510
2022	$41,739,764	$30,589,383	$132,812,744	$11,150,381
2021	$18,025,833	$24,297,252	$131,027,718	$-6,271,419
2020	$17,876,270	$25,578,806	$123,494,954	$-7,702,536
2019	$21,249,551	$24,692,907	$128,081,712	$-3,443,356
2018	$20,735,132	$22,706,457	$110,771,685	$-1,971,325

UTAH ATHLETIC FOUNDATION