WASATCH BUSINESS FINANCE INC

EIN: 851979409 501(c)(3)

Murray, UT

Total Revenue
$53,415
Total Expenses
$149,949
Total Assets
N/A
Net Assets
N/A
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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
2022
Legal Domicile
UT
Principal Officer
Steve Carlston
Phone
3857996701
Tax Period
2024-01-01 to 2024-12-31

WASATCH BUSINESS FINANCE INC, founded in 2022, is a micro nonprofit that reported $53K in total revenue in fiscal year 2024. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $150K exceeded revenue, resulting in a 181% operating deficit.

Mission

Certified Development Company authorized by the SBA to facilitate the SBA 504 loan program

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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 $0
Program Service Revenue $53,415
Investment Income $0
Other Revenue $0
TOTAL REVENUE $53,415

Expense Breakdown

Grants Paid $0
Salaries & Benefits $63,778
Fundraising Expenses $0
Program Expenses $149,949
Other Expenses $86,171
TOTAL EXPENSES $149,949

Year-over-Year Comparison

2024 2023 Change
Revenue $53,415 $98,743 -0.5%
Expenses $149,949 $278,336 -0.5%
Net Income $-96,534 $-179,593 -0.5%
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
11
Independent Members
8
Employees
2
Volunteers
N/A

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
9
$24,000
Total Directors
3
$24,000
Key Employees
1
$24,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Steve Carlston CEO / President 40
Officer Director Key Emp
$24,000 $0 $24,000
Lindsay Jones Treasurer 1
Officer Director
$0 $0 $0
JR Howa Treasurer 1
Officer Director
$0 $0 $0
Bill Kirth Director 1
Officer
$0 $0 $0
Chet Linton Director 1
Officer
$0 $0 $0
Jon Absey Director 1
Officer
$0 $0 $0
Justin Sutherland Director 1
Officer
$0 $0 $0
David Nielson Director 1
Officer
$0 $0 $0
Andy Chudd Director 1
Officer
$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 $53,415 $149,949 No data $-96,534
2023 $98,743 $278,336 $110,532 $-179,593
2022 $510,000 $235,084 $303,422 $274,916
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