UTAH MINING ASSOCIATION (EIN 870110800) - Form 990 Financial Analysis & Trantor Score

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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

1915

Legal Domicile

Phone

8013641874

Tax Period

2024-01-01 to 2024-12-31

UTAH MINING ASSOCIATION, founded in 1915, is a small nonprofit that reported $777K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

TO PROMOTE, PROTECT AND ADVANCE THE MINING INDUSTRY. THE ORGANIZATION ALSO ENCOURAGES EDUCATION IN MINING AND MINERALS TO FURTHER THE UNDERSTANDING OF THE ROLE THE INDUSTRY AND ITS PRODUCTS PLAY IN PEOPLES 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $749,252

Investment Income $27,608

Other Revenue $0

TOTAL REVENUE $776,860

Expense Breakdown

Grants Paid $0

Salaries & Benefits $433,591

Fundraising Expenses $0

Program Expenses $321,711

Other Expenses $391,807

TOTAL EXPENSES $825,398

Year-over-Year Comparison

	2024	2023	Change
Revenue	$776,860	$828,917	-0.1%
Expenses	$825,398	$861,065	0.0%
Net Income	$-48,538	$-32,148	+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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANUP BHAWALKAR	EXEC COMM	0.70	Director	$0	$0	$0
JONATHAN CAMPBELL	EXEC COMM	0.70	Director	$0	$0	$0
MARC MAGLIONE	EXEC COMM	0.70	Director	$0	$0	$0
DENISE DRAGOO	EXEC COMM	0.70	Director	$0	$0	$0
CASSADY KRISTENSEN	1ST VICE CHAIR	0.70	Officer Director	$0	$0	$0
THOMAS HENRIE	VICE CHAIR	0.70	Officer Director	$0	$0	$0
CARSON POLLASTRO	EXEC COMM	0.70	Director	$0	$0	$0
LISA KIRSCHNER	EXEC COMM	0.70	Director	$0	$0	$0
JARED JACKSON	CHAIRMAN	0.70	Officer Director	$0	$0	$0
SCOTT MORK	EXEC COMM	0.70	Director	$0	$0	$0
JIM SLADE	EXEC COMM	0.70	Director	$0	$0	$0
KEVIN ANDERSON	EXEC COMM	0.70	Director	$0	$0	$0
SEAN DAVIS	2ND CHAIR	0.70	Officer Director	$0	$0	$0
CHAD BAKER	EXEC COMM	0.70	Director	$0	$0	$0
MARTY BANKS	EXEC COMM	0.70	Director	$0	$0	$0
GEORGE SHAW	EXEC COMM	0.70	Director	$0	$0	$0
TODD RIPLEY	EXEC COMM	0.70	Director	$0	$0	$0
BRIAN SOMERS	PRESIDENT	50.00	Officer	$0	$0	$0
NIKKI OLSEN	N/A	0.00	Key Emp	$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	$776,860	$825,398	$1,014,518	$-48,538
2023	$835,246	$653,264	$1,013,265	$181,982
2022	$626,190	$610,299	$821,407	$15,891
2021	$501,046	$530,552	$894,874	$-29,506
2020	$413,838	$400,243	$839,839	$13,595
2019	$506,484	$524,558	$780,854	$-18,074
2018	$518,954	$582,340	$728,802	$-63,386

UTAH MINING ASSOCIATION