UTAH ATHLETIC FOUNDATION

EIN: 841367913 501(c)(3) Recreation & Sports

PARK CITY, UT

Total Revenue
$34,448,824
Total Expenses
$38,207,924
Total Assets
$152,780,438
Net Assets
$143,173,362
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
UT
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.

Program Service Accomplishments

Program 1
Expenses: $14,307,219 Revenue: $3,840,800

FACILITY OPERATIONS AND EXTERNAL ATHLETE TRAINING: PRIMARY FACILITY ACHIEVEMENTS OF THE UTAH ATHLETIC FOUNDATION INCLUDE MAINTENANCE AND ENHANCEMENT OF THE UTAH OLYMPIC PARK, THE UTAH OLYMPIC OVAL...

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FACILITY OPERATIONS AND EXTERNAL ATHLETE TRAINING: PRIMARY FACILITY ACHIEVEMENTS OF THE UTAH ATHLETIC FOUNDATION INCLUDE MAINTENANCE AND ENHANCEMENT OF THE UTAH OLYMPIC PARK, THE UTAH OLYMPIC OVAL, AND SOLDIER HOLLOW NORDIC CENTER, THE THREE TRAINING FACILITIES FOR THE OLYMPIC WINTER SPORTS OF FREESTYLE, BOBSLED, SKELETON, LUGE, FIGURE SKATING, SPEED SKATING, CURLING, HOCKEY AND NORDIC SKIING.

Program 2
Expenses: $12,657,388 Revenue: $9,996,312

YOUTH SPORT PROGRAMS AND SPORT EVENTS: THE UTAH OLYMPIC PARK, THE UTAH OLYMPIC OVAL AND SOLDIER HOLLOW NORDIC CENTER OFFER HIGH QUALITY WINTER SPORT DEVELOPMENT PROGRAMS FOR YOUTH THAT EMBRACE LONG...

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YOUTH SPORT PROGRAMS AND SPORT EVENTS: THE UTAH OLYMPIC PARK, THE UTAH OLYMPIC OVAL AND SOLDIER HOLLOW NORDIC CENTER OFFER HIGH QUALITY WINTER SPORT DEVELOPMENT PROGRAMS FOR YOUTH THAT EMBRACE LONG TERM ATHLETE DEVELOPMENT PRINCIPLES AND THAT GET PEOPLE OF ALL AGES AND ABILITIES ACTIVE IN SPORT. THESE PROGRAMS SHOWCASE OUR LOCALLY TRAINED ATHLETES AND INVOLVE OUR LOCAL COMMUNITIES.

Program 3
Expenses: $8,682,910 Revenue: $10,040,307

PUBLIC PROGRAMS AND ACTIVITIES: THE UTAH OLYMPIC PARK, THE UTAH OLYMPIC OVAL AND SOLDIER HOLLOW NORDIC CENTER HAVE EXPERIENCED INCREASED PUBLIC USE OF PROGRAMS, SUCH AS PUBLIC SKATE SESSIONS, BOBSLED...

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PUBLIC PROGRAMS AND ACTIVITIES: THE UTAH OLYMPIC PARK, THE UTAH OLYMPIC OVAL AND SOLDIER HOLLOW NORDIC CENTER HAVE EXPERIENCED INCREASED PUBLIC USE OF PROGRAMS, SUCH AS PUBLIC SKATE SESSIONS, BOBSLED AND SKELETON RIDES, PUBLIC NORDIC SKIING LESSONS AND PUBLIC TOURS. THESE SIGNIFICANT INCREASES REFLECT A GROWING AWARENESS AND INTEREST IN OUR VENUE OFFERINGS.

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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 (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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Governance

Voting Members
14
Independent Members
14
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
5
$1,304,102
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
5
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
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