UTAH JAZZ FOUNDATION

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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

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 TOWARDS CREATING A BETTER WORLD.

Program Service Accomplishments

Program 1

Expenses: $3,217,000

THE 10,000 DEGREES GRANT PROVIDES SCHOLARSHIPS FOR UNDERSERVED COMMUNITIES

Program 2

Expenses: $100,000

SALT LAKE CITY PROVIDES COMMUNITY BASKETBALL COURTS FOR THE BENEFIT OF THE LOCAL COMMUNITY.

Program 3

Expenses: $50,000

CHABAD LUBAVITCH OF UTAH PROVIDES OUTREACH FOR YOUNG ADULTS THROUGHOUT UTAH STRUGGLING WITH MENTAL HEALTH ADDICTION; TO GUIDE AND EMPOWER THEM IN FINDING MEANING AND PURPOSE IN THEIR LIVES.

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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 $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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

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