CAREER ACADEMY OF UTAH (EIN 842180811) - 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

2019

Legal Domicile

Principal Officer

KELVYN CULLIMORE

Phone

8015804523

Tax Period

2023-07-01 to 2024-06-30

CAREER ACADEMY OF UTAH, founded in 2019, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 57% from the prior year, signaling strong growth momentum. Expenses of $2.9M exceeded revenue, resulting in a 22% operating deficit.

Mission

THE MISSION OF THE SCHOOL IS TO PROVIDE FOUNDATIONAL LEARNING PROFICIENCY FOCUSED ON EARLY GRADES.

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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 $2,379,342

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,379,342

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,807,636

Fundraising Expenses $0

Program Expenses $2,854,769

Other Expenses $1,101,093

TOTAL EXPENSES $2,908,729

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,379,342	$1,510,881	+0.6%
Expenses	$2,908,729	$1,184,955	+1.5%
Net Income	$-529,387	$325,926	-2.6%

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

$167,370

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN SOMERS	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
TODD BINGHAM	BOARD VICE CHAIR	2.00	Officer Director	$0	$0	$0
KELVYN CULLIMORE	BOARD TREASURER	2.00	Officer Director	$0	$0	$0
RIKKI H BROWNING	BOARD SECRETARY	2.00	Officer Director	$0	$0	$0
ETHAN DECEUSTER	BOARD MEMBER	2.00	Director	$0	$0	$0
BONITA TEASLEY	EXECUTIVE DIRECTOR	40.00	Officer	$161,308	$6,062	$167,370

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
2024	$2,379,342	$2,908,729	$279,157	$-529,387
2023	$1,510,881	$1,184,955	$864,969	$325,926
2022	$200,000	$13,766	$412,437	$186,234

CAREER ACADEMY OF UTAH