O2 UTAH FOUNDATION

EIN: 854307598 501(c)(3)

SALT LAKE CITY, UT

Total Revenue
$313,719
Total Expenses
$251,414
Total Assets
$163,674
Net Assets
$163,674
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
UT
Principal Officer
DAVID GARBETT
Phone
8013175010
Tax Period
2023-01-01 to 2023-12-31

O2 UTAH FOUNDATION, founded in 2021, is a small nonprofit that reported $314K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $62K, a strong 20% operating margin.

Mission

THE O2 UTAH FOUNDATION IS AN ENVIRONMENTAL NONPROFIT DEDICATED TO A GREENER UTAH.

Program Service Accomplishments

Program 1
Expenses: $98,000

THE O2 UTAH FOUNDATION DEVELOPED A PROPOSAL TO REDUCE POLLUTION BY 50% BY 2030, CALLED "PROSPERITY 2030." THE ORGANIZATION INTRODUCED THIS PROPOSAL TO THE PUBLIC IN OCTOBER 2021. IN ADDITION, THE...

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THE O2 UTAH FOUNDATION DEVELOPED A PROPOSAL TO REDUCE POLLUTION BY 50% BY 2030, CALLED "PROSPERITY 2030." THE ORGANIZATION INTRODUCED THIS PROPOSAL TO THE PUBLIC IN OCTOBER 2021. IN ADDITION, THE ORGANIZATION WORKED TO INFORM POLICYMAKERS ABOUT AIR POLLUTION AND HOW THE LEGISLATIVE PROCESS COULD IMPROVE THIS ISSUE OR MAKE IT WORSE. FINALLY, THE O2 UTAH FOUNDATION PERFORMED FOCUS GROUPS TO UNDERSTAND HOW CERTAIN UTAHNS FELT ABOUT PROPOSALS TO IMPROVE AIR QUALITY ALONG THE WASATCH FRONT.

Program 2
Expenses: $50,000

THE O2 UTAH FOUNDATION WORKED TO TACKLE UTAH'S CONTRIBUTIONS TO CLIMATE CHANGE IN 2023. THESE EFFORTS CENTERED ON ADVANCING MUNICIPAL CLEAN ENERGY GOALS, PARTICULARLY THE UTAH COMMUNITY RENEWABLE...

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THE O2 UTAH FOUNDATION WORKED TO TACKLE UTAH'S CONTRIBUTIONS TO CLIMATE CHANGE IN 2023. THESE EFFORTS CENTERED ON ADVANCING MUNICIPAL CLEAN ENERGY GOALS, PARTICULARLY THE UTAH COMMUNITY RENEWABLE ENERGY PROGRAM.

Program 3
Expenses: $55,000

THE O2 UTAH FOUNDATION WORKED TO INFORM PEOPLE ON THE LATEST HAPPENINGS ON ENVIRONMENTAL POLICY IN UTAH AND FEDERALLY. THESE EFFORTS ALSO INCLUDED WORK BY STAFF TO KEEP ABREAST OF DEVELOPMENTS AND...

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THE O2 UTAH FOUNDATION WORKED TO INFORM PEOPLE ON THE LATEST HAPPENINGS ON ENVIRONMENTAL POLICY IN UTAH AND FEDERALLY. THESE EFFORTS ALSO INCLUDED WORK BY STAFF TO KEEP ABREAST OF DEVELOPMENTS AND NEWS ON THE ENVIRONMENTAL FRONT.

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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 $313,647
Program Service Revenue $0
Investment Income $72
Other Revenue $0
TOTAL REVENUE $313,719

Expense Breakdown

Grants Paid $0
Salaries & Benefits $216,518
Fundraising Expenses $12,294
Program Expenses $225,745
Other Expenses $34,896
TOTAL EXPENSES $251,414

Year-over-Year Comparison

2023 2022 Change
Revenue $313,719 $259,086 +0.2%
Expenses $251,414 $246,827 +0.0%
Net Income $62,305 $12,259 +4.1%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
7
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
1
$27,891
Total Directors
4
$27,891
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID GARBETT PRESIDENT 17.50
Officer Director
$27,891 $0 $27,891
FRANCES JOHNSON BOARD MEMBER 1.00
Director
$0 $0 $0
LAURA PETERSON BOARD MEMBER 1.00
Director
$0 $0 $0
MARCUS TRAIL BOARD MEMBER 1.00
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 $313,719 $251,414 $163,674 $62,305
2022 $259,086 $246,827 $101,369 $12,259
2021 $198,028 $108,918 $89,110 $89,110
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