Salt Lake Chamber Foundation (EIN 841415808) - 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

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.

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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 (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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$957,742

Total Directors

$525,683

Key Employees

Highest Compensated

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

Salt Lake Chamber Foundation