UTAH JAZZ FOUNDATION

EIN: 862243993 501(c)(3) Philanthropy & Grantmaking

SALT LAKE CITY, UT

Total Revenue
$3,583,019
Total Expenses
$3,607,087
Total Assets
$1,975,992
Net Assets
$1,280,663
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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
2021
Legal Domicile
UT
Principal Officer
RYAN SMITH
Phone
8013252741
Tax Period
2023-01-01 to 2023-12-31

UTAH JAZZ FOUNDATION, founded in 2021, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.6M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

SUPPORTING IMPORTANT CAUSES IN OUR STATE, COMMUNITY, AND NATION AS WE WORK TOWARD CREATING A BETTER WORLD.

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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 $3,463,402
Program Service Revenue $0
Investment Income $62,137
Other Revenue $57,480
TOTAL REVENUE $3,583,019

Expense Breakdown

Grants Paid $3,508,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,508,000
Other Expenses $99,087
TOTAL EXPENSES $3,607,087

Year-over-Year Comparison

2023 2022 Change
Revenue $3,583,019 $3,984,712 -0.1%
Expenses $3,607,087 $3,559,133 +0.0%
Net Income $-24,068 $425,579 -1.1%
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

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
3
Independent Members
3
Employees
N/A
Volunteers
7

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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE MAUGHAN BOARD PRESIDENT 0.25
Officer
$0 $0 $0
JASON WHITE TREASURER 0.25
Officer
$0 $0 $0
ERIN GOODSELL COUNSEL 0.25
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 No data No data No data No data
2023 $3,583,019 $3,607,087 $1,975,992 $-24,068
2022 $3,984,712 $3,559,133 $1,308,864 $425,579
2021 $1,644,424 $765,272 $879,152 $879,152
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