CUMORAH ACADEMY

EIN: 850617150 501(c)(3) Education

PLEASANT GROVE, UT

Total Revenue
$2,027,703
Total Expenses
$1,069,985
Total Assets
$5,943,076
Net Assets
$5,907,563
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
UT
Principal Officer
ALLYSE SEDIVY
Phone
8016916623
Tax Period
2023-01-01 to 2023-12-31

CUMORAH ACADEMY, founded in 2020, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $958K, a strong 47% operating margin.

Mission

TO ASSIST INDIVIDUALS IN THEIR DESIRE TO FOLLOW JESUS CHRIST AND POSITIVELY IMPACT THEIR LIVES, CAREERS, HOMES & COMMUNITIES. TO ACCOMPLISH THIS WE: GATHER FAITHFUL DISCIPLES OF JESUS CHRIST AND LIKE-MINDED INDIVIDUALS, EMPOWER THEM WITH THE KNOWLEDGE, SKILLS & ATTRIBUTES THAT RESULT IN LASTING HAPPINESS, PREPARE THEM TO BE LEADERS IN THEIR FAMILIES, THE CHURCH, THEIR PROFESSIONS & THEIR COMMUNITIES

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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 $746,026
Program Service Revenue $52,327
Investment Income $1,229,350
Other Revenue $0
TOTAL REVENUE $2,027,703

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,007,034
Other Expenses $1,069,985
TOTAL EXPENSES $1,069,985

Year-over-Year Comparison

2023 2022 Change
Revenue $2,027,703 $2,463,457 -0.2%
Expenses $1,069,985 $1,377,362 -0.2%
Net Income $957,718 $1,086,095 -0.1%
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

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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
3
Independent Members
3
Employees
N/A
Volunteers
72

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALLYSE SEDIVY PRESIDENT 4.00
Officer Director
$0 $0 $0
JASON PLANT TREASURER 4.00
Officer Director
$0 $0 $0
JAN POHORELICKY SECRETARY 40.00
Officer Director
$0 $0 $0
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 No data No data No data No data
2023 $2,027,703 $1,069,985 $5,943,076 $957,718
2022 $1,374,000 $38,029 $6,353,393 $1,335,971
2022 $2,463,457 $1,377,362 $4,985,358 $1,086,095
2021 $4,691,973 $853,462 $3,915,763 $3,838,511
2021 $1,099,844 $449,579 $5,031,215 $650,265
2021 $1,099,844 $449,579 $5,031,215 $650,265
2021 $1,099,844 $449,579 $5,031,215 $650,265
2020 $4,363,950 No data $4,363,950 No data
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