Salt Lake Chamber Foundation

EIN: 841415808 501(c)(3) Employment

Salt Lake City, UT

Total Revenue
$1,362,708
Total Expenses
$331,156
Total Assets
$1,941,713
Net Assets
$1,853,144
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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
UT
Phone
8013285059
Tax Period
2023-07-01 to 2024-06-30

Salt Lake Chamber Foundation, founded in 1997, is a community nonprofit in the Employment sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 613% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 76% operating margin.

Mission

EDUCATION AND WORKFORCE DEVELOPMENT.

Program Service Accomplishments

Program 1
Expenses: $139,016

Utah Rising: A free enterprise vision for Utah's economy. Driven by proven principles, while outlining opportunities for ongoing success and sustainable growth, the vision will address critical...

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Utah Rising: A free enterprise vision for Utah's economy. Driven by proven principles, while outlining opportunities for ongoing success and sustainable growth, the vision will address critical issues with innovative, long term economic solutions for all who call Utah home. The mission of Utah Rising is to "lead private sector efforts and collaborate with public sector partners to secure statewide prosperity." Utah Rising will concentrate on six strategic focus areas: Utah's work force, transportation, business environment, housing, livability, and natural resources.

Program 2
Expenses: $128,609

GENERAL PROGRAMMING: PROVIDE EDUCATION AND EDUCATIONAL MATERIAL TO BUSINESS LEADERS AND EMPLOYEES RANGING FROM EDUCATING SMALL AND START-UP BUSINESS ENTREPRENEURS IN ALL ASPECTS OF STARTING UP AND...

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GENERAL PROGRAMMING: PROVIDE EDUCATION AND EDUCATIONAL MATERIAL TO BUSINESS LEADERS AND EMPLOYEES RANGING FROM EDUCATING SMALL AND START-UP BUSINESS ENTREPRENEURS IN ALL ASPECTS OF STARTING UP AND RUNNING A BUSINESS TO PROVIDING EDUCATION PROGRAMS FOR BUSINESS LEADERS ON COMMUNITY AND PUBLIC ISSUES. PROVIDE FUNDING TO 501 (c) (3) ORGANIZATIONS WHO'S PROGRAMS SUPPORT THE MISSION OF THE FOUNDATION.

Program 3
Expenses: $53,705

Utah Community Builders: Provide a forum to target and tackle community challenges, to provide a conduit for our business community to impact social good, and convene problem solvers, identify...

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Utah Community Builders: Provide a forum to target and tackle community challenges, to provide a conduit for our business community to impact social good, and convene problem solvers, identify challenges, evaluate solutions, inform policy and facilitate changes for good in Utah.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,360,664
Program Service Revenue $0
Investment Income $2,044
Other Revenue $0
TOTAL REVENUE $1,362,708

Expense Breakdown

Grants Paid $119,500
Salaries & Benefits $42,468
Fundraising Expenses $0
Program Expenses $321,330
Other Expenses $169,188
TOTAL EXPENSES $331,156

Year-over-Year Comparison

2023 2022 Change
Revenue $1,362,708 $191,026 +6.1%
Expenses $331,156 $61,105 +4.4%
Net Income $1,031,552 $129,921 +6.9%
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

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Governance

Voting Members
22
Independent Members
21
Employees
2
Volunteers
25

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
6
$957,742
Total Directors
22
$525,683
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Derek Miller President & CEO 2.0
Officer Director
$0 $56,606 $525,683
Donna Milavetz Past Chair 1.0
Officer Director
$0 $0 $0
Jeremy Hafen Vice Chair 1.0
Officer Director
$0 $0 $0
Nathan Callister Board Chair 1.0
Officer Director
$0 $0 $0
Allison Behjani Board Member 1.0
Director
$0 $0 $0
Amanda Covington Board Member 1.0
Director
$0 $0 $0
Clark Ivory Board Member 1.0
Director
$0 $0 $0
David Petersen Board Member 1.0
Director
$0 $0 $0
Gary Porter Board Member 1.0
Director
$0 $0 $0
Judd Cook Board Member 1.0
Director
$0 $0 $0
Kaitlin Eskelson Board Member 1.0
Director
$0 $0 $0
Kay Hall Board Member 1.0
Director
$0 $0 $0
Linda Wardell Board Member 1.0
Director
$0 $0 $0
Marlise Fisher Board Member 1.0
Director
$0 $0 $0
Matt Lyon Board Member 1.0
Director
$0 $0 $0
Natalie Gochnour Board Member & Chief Economist 1.0
Director
$0 $0 $0
Nate Foster Board Member 1.0
Director
$0 $0 $0
Rob Hitchcock Board Member 1.0
Director
$0 $0 $0
Ryan Starks Board Member 1.0
Director
$0 $0 $0
Sterling Nielsen Board Member 1.0
Director
$0 $0 $0
Susan Robel Board Member 1.0
Director
$0 $0 $0
Taylor Randall Board Member 1.0
Director
$0 $0 $0
Daniel Brimhall CFO 2.0
Officer
$0 $24,166 $187,890
Heidi Walker COO 2.0
Officer
$0 $9,168 $244,169
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 No data No data No data No data
2024 $1,362,708 $331,156 $1,941,713 $1,031,552
2023 $191,026 $61,105 $671,418 $129,921
2022 $117,716 $181,968 $542,907 $-64,252
2021 $408,755 $218,241 $650,598 $190,514
2020 $772,572 $671,314 $489,934 $101,258
2019 $140,020 $199,289 $344,147 $-59,269
2018 $188,936 $123,629 $413,575 $65,307
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