UTAH & SALT LAKE CANAL COMPANY (EIN 870224306) - 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

1870

Legal Domicile

Principal Officer

WILLIAM MARK NEWMAN

Phone

8014031516

Tax Period

2025-01-01 to 2025-12-31

UTAH & SALT LAKE CANAL COMPANY, founded in 1870, is a small nonprofit that reported $886K in total revenue in fiscal year 2025. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $1.2M exceeded revenue, resulting in a 31% operating deficit.

Mission

WATER SERVICE AND UPKEEP OF CANAL TO BENEFIT MEMBERS WHO RELY UPON THIS SERVICE TO MAINTAIN AGRICULTURAL DUTIES

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $806,249

Investment Income $80,181

Other Revenue $0

TOTAL REVENUE $886,430

Expense Breakdown

Grants Paid $0

Salaries & Benefits $336,979

Fundraising Expenses $0

Other Expenses $820,330

TOTAL EXPENSES $1,157,309

Year-over-Year Comparison

	2025	2024	Change
Revenue	$886,430	$764,141	+0.2%
Expenses	$1,157,309	$714,086	+0.6%
Net Income	$-270,879	$50,055	-6.4%

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

$155,854

Total Directors

$15,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM MARK NEWMAN	PRESIDENT	30.00	Officer	$78,552	$0	$78,552
DAN ATHERLEY	DIRECTOR	5.00	Director	$3,000	$0	$3,000
MARK LARSEN	DIRECTOR	5.00	Director	$3,000	$0	$3,000
BILLIE KING	SECRETARY	10.00	Officer	$37,151	$0	$37,151
BARBARA CHAMBERLAIN	SECRETARY	10.00	Officer	$37,151	$0	$37,151
BART ANDERSON	VICE PRES	5.00	Officer	$3,000	$0	$3,000
JEFF NEWMAN	DIRECTOR	5.00	Director	$3,000	$0	$3,000
QUINN REDMOND	DIRECTOR	5.00	Director	$3,000	$0	$3,000
PAUL C SMITH	DIRECTOR	5.00	Director	$3,000	$0	$3,000

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
2025	$886,430	$1,157,309	$3,375,162	$-270,879
2024	$764,141	$714,086	$3,646,108	$50,055
2023	$733,297	$608,917	$3,611,653	$124,380
2022	$795,694	$792,062	$3,477,074	$3,632
2021	$524,328	$590,244	$3,474,736	$-65,916
2020	$1,248,305	$604,719	$3,540,163	$643,586
2019	$696,863	$558,031	$2,897,742	$138,832
2018	$988,481	$589,456	$2,755,592	$399,025

UTAH & SALT LAKE CANAL COMPANY