UTAH 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

1945

Legal Domicile

Principal Officer

SHAWN TEIGEN

Phone

8013551400

Tax Period

2023-01-01 to 2023-12-31

UTAH FOUNDATION, founded in 1945, is a small nonprofit in the Public & Societal Benefit sector that reported $496K in total revenue in fiscal year 2023.

Mission

UTAH FOUNDATION'S MISSION IS TO PRODUCE OBJECTIVE, THOROUGH AND WELL- REASONED RESEARCH AND ANALYSIS THAT PROMOTES THE EFFECTIVE USE OF PUBLIC RESOURCES, A THRIVING ECONOMY, A WELL-PREPARED WORKFORCE AND A HIGH QUALITY OF LIFE FOR UTAHNS. UTAH FOUNDATION SEEKS TO HELP DECISION-MAKERS AND CITIZENS UNDERSTAND AND ADDRESS COMPLEX ISSUES. UTAH FOUNDATION ALSO OFFERS CONSTRUCTIVE GUIDANCE TO IMPROVE GOVERNMENTAL POLICIES, PROGRAMS AND STRUCTURES. UTAH FOUNDATION IS AN INDEPENDENT, NONPARTISAN, NONPROFIT RESEARCH ORGANIZATION.

Program Service Accomplishments

Program 1

Expenses: $450,154 Revenue: $69,500

OUR WORK IN 2022 IS GUIDING POLICY LEADERS. WE HAVE MADE A DIRECT IMPACT ON HOUSING POLICY. WE ARE SHEDDING BRIGHT NEW LIGHT ON UTAHS SOCIAL FABRIC, UNDERSTANDING POLICE RECRUITMENT AND RETENTION...

OUR WORK IN 2022 IS GUIDING POLICY LEADERS. WE HAVE MADE A DIRECT IMPACT ON HOUSING POLICY. WE ARE SHEDDING BRIGHT NEW LIGHT ON UTAHS SOCIAL FABRIC, UNDERSTANDING POLICE RECRUITMENT AND RETENTION, PUSHING ENERGY EFFICIENCY, OPENING OPPORTUNITIES FOR POST-SECONDARY EDUCATION, INFORMING INFILL DEVELOPMENT, AND TRACKING UTAHNS QUALITY OF LIFE. WE PARTICIPATED IN CONFERENCES, HEARINGS OF PUBLIC BODIES AND SYMPOSIA, AND MET WITH DOZENS OF CIVIC LEADERS AND ELECTED OFFICIALS. OUR WORK WAS COVERED IN THE NEWS MEDIA MORE THAN 75 TIMES. WITH 14 MAJOR REPORTS, 12 OP-EDS, 11 PODCASTS, SIX SIGNIFICANT STATISTICS POSTS, THREE VIDEOS, THREE BREAKFAST BRIEFINGS, AND ONE BRIEF, THE UTAH FOUNDATION ENDED 2022 WITH 50 UNIQUE WORK PRODUCTS. THAT IS NEARLY ONE WORK PRODUCT PER WEEK. UTAH FOUNDATION PRODUCED THE FOLLOWING DURING 2022: - 11 PODCASTS - 14 MAJOR REPORTS - RECEIVED 3 NATIONAL HONORS - PRODUCED 6 SIGNIFICANT STATISTICS - HELD 4 EVENTS - PRODUCED 12 OP-ED ARTICLES - PRODUCED 3 ONLINE VIDEOS - HAD OVER 75 MEDIA APPEARANCES

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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 $410,839

Program Service Revenue $69,500

Investment Income $15,995

Other Revenue $0

TOTAL REVENUE $496,334

Expense Breakdown

Grants Paid $0

Salaries & Benefits $430,615

Fundraising Expenses $21,405

Program Expenses $450,154

Other Expenses $80,029

TOTAL EXPENSES $510,644

Year-over-Year Comparison

	2023	2022	Change
Revenue	$496,334	$503,426	0.0%
Expenses	$510,644	$504,238	+0.0%
Net Income	$-14,310	$-812	+16.6%

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

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

$164,689

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHAWN TEIGEN	PRESIDENT	50.00	Officer	$146,827	$17,862	$164,689
BENJAMIN BROWN	TRUSTEE	1.00	Director	$0	$0	$0
DIRK BURTON	TRUSTEE	1.00	Director	$0	$0	$0
JONATHAN CAMPBELL	TRUSTEE	1.00	Director	$0	$0	$0
CARLTON CHRISTENSEN	TRUSTEE	1.00	Director	$0	$0	$0
DENISE DRAGOO	TRUSTEE	1.00	Director	$0	$0	$0
ALEX EATON	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL GREGORY	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW GRUBER	TRUSTEE	1.00	Director	$0	$0	$0
JULIE HATCHETT	TRUSTEE	1.00	Director	$0	$0	$0
ANNALISA HOLCOMBE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ALLY ISOM	TRUSTEE	1.00	Director	$0	$0	$0
BRENT JENSON	TRUSTEE	1.00	Director	$0	$0	$0
CATHERINE KANTER	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD LAMBERT	TRUSTEE	1.00	Director	$0	$0	$0
LINDA MAKIN	TRUSTEE	1.00	Director	$0	$0	$0
DUSTIN MATSUMORI	TRUSTEE	1.00	Director	$0	$0	$0
KELLY MENDENHALL	SECRETARY	1.00	Officer Director	$0	$0	$0
SCOTT PARSON	TREASURER	1.00	Officer Director	$0	$0	$0
STANLEY ROSENZWEIG	TRUSTEE	1.00	Director	$0	$0	$0
ART TURNER	CHAIR	1.00	Officer Director	$0	$0	$0
CHAD WESTOVER	TRUSTEE	1.00	Director	$0	$0	$0
MONICA ZOLTANSKI	TRUSTEE	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	$496,334	$510,644	$568,817	$-14,310
2022	$503,426	$504,238	$595,180	$-812
2021	$702,563	$454,412	$559,958	$248,151
2020	$657,206	$516,008	$328,212	$141,198
2019	$618,447	$541,257	$160,550	$77,190
2018	$590,435	$549,704	$89,617	$40,731