UTAH'S PROMISE

EIN: 870227091 501(c)(3) Philanthropy & Grantmaking

SALT LAKE CITY, UT

Total Revenue
$9,511,221
Total Expenses
$7,173,942
Total Assets
$21,182,549
Net Assets
$20,471,339
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1904
Legal Domicile
UT
Principal Officer
BILL CRIM
Phone
8017368929
Tax Period
2024-07-01 to 2025-06-30

UTAH'S PROMISE, founded in 1904, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $9.5M in total revenue in fiscal year 2024. Revenue surged 104% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 25% operating margin.

Mission

UTAH'S PROMISE (UP) IS COMMITTED TO 100% OF KIDS AND FAMILIES THRIVING. WE UNIFY LEADERS, PARTNERS, COMMUNITIES AND SYSTEMS TO ACHIEVE THAT PROMISE.

Program Service Accomplishments

Program 1
Expenses: $5,976,293 Revenue: $135,562

UTAH'S PROMISE IS WORKING ON SOME OF THE MOST DIFFICULT CHALLENGES WE FACE AS A COMMUNITY: POVERTY, POOR HEALTH, AND LAGGING EDUCATIONAL ACHIEVEMENT. WE UNIFY LEADERS, PARTNERS, COMMUNITIES, AND...

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UTAH'S PROMISE IS WORKING ON SOME OF THE MOST DIFFICULT CHALLENGES WE FACE AS A COMMUNITY: POVERTY, POOR HEALTH, AND LAGGING EDUCATIONAL ACHIEVEMENT. WE UNIFY LEADERS, PARTNERS, COMMUNITIES, AND SYSTEMS TO ALIGN RESOURCES AND SHARED ACCOUNTABILITY. TOGETHER WITH OUR PARTNERS, WE ARE PURSUING LASTING SOCIAL CHANGE BY REMOVING BARRIERS AND FOCUSINGRESOURCES ON IMPROVING EDUCATION AND ACCESS TO BASIC NEEDS SERVICES SO 100% OF UTAH KIDS AND FAMILIES CAN THRIVE. PROMISE PARTNERSHIP UTAH IS PART OF THE UTAH'S PROMISE ORGANIZATION.PROMISE PARTNERSHIP UTAH IS THE STATE'S CROSS-SECTOR, CRADLE-TO-CAREER COLLECTIVE IMPACT ORGANIZATION THAT WORKS TO ALIGN, SHARE, AND DEPLOY RESOURCES TO IMPROVE OUTCOMES AND REDUCE DISPARITIES IN: 1) KINDERGARTEN READINESS; 2) THIRD-GRADE READING; 3) EIGHTH-GRADE MATH; 4) HIGH SCHOOL GRADUATION; 5) POSTSECONDARY READINESS; 6) POSTSECONDARY COMPLETION; 7) HEALTH; AND 8) FINANCIAL STABILITY. WE BUILD PARTNERSHIPS IN THE PUBLIC AND PRIVATE SECTORS TO SUPPORT STUDENT SUCCESS IN PROMISE COMMUNITY SCHOOLS, IN PROMISE COMMUNITIES, AND WITHIN LARGER SYSTEMS THAT SERVE CHILDREN AND FAMILIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $8,878,905
Program Service Revenue $135,562
Investment Income $496,754
Other Revenue $0
TOTAL REVENUE $9,511,221

Expense Breakdown

Grants Paid $3,303,852
Salaries & Benefits $3,346,149
Fundraising Expenses $390,707
Program Expenses $5,976,293
Other Expenses $523,941
TOTAL EXPENSES $7,173,942

Year-over-Year Comparison

2024 2023 Change
Revenue $9,511,221 $4,660,686 +1.0%
Expenses $7,173,942 $12,470,587 -0.4%
Net Income $2,337,279 $-7,809,901 -1.3%
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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Governance

Voting Members
16
Independent Members
15
Employees
104
Volunteers
120

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
5
$822,916
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ASHA PAREKH CHAIR 1.00
Director
$0 $0 $0
BENJAMIN MCADAMS BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN MCCALLION BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTIAN GARDNER BOARD MEMBER 1.00
Director
$0 $0 $0
DAKOTA MATHERLY BOARD MEMBER 1.00
Director
$0 $0 $0
KATHIE MILLER BOARD MEMBER 1.00
Director
$0 $0 $0
LAUREN CALL BOARD MEMBER 1.00
Director
$0 $0 $0
MICHELLE CRAWFORD BOARD MEMBER 1.00
Director
$0 $0 $0
MIKELLE MOORE BOARD MEMBER 1.00
Director
$0 $0 $0
MILTON COLLINS BOARD MEMBER 1.00
Director
$0 $0 $0
MOE HICKEY BOARD MEMBER 1.00
Director
$0 $0 $0
NEELAM CHAND BOARD MEMBER 1.00
Director
$0 $0 $0
NUBIA PEA BOARD MEMBER 1.00
Director
$0 $0 $0
SCOTT SPERRY VICE CHAIR 1.00
Director
$0 $0 $0
SHAWN NEWELL TREASURER 1.00
Director
$0 $0 $0
BILL CRIM PRESIDENT & CEO 25.00
Officer
$241,599 $0 $241,599
ANGELA MATTHES CHIEF FINANCIAL OFFICER 25.00
Officer
$159,500 $0 $159,500
AMY AHRENS TERPSTRA CHIEF IMPACT OFFICER 25.00
Officer
$153,061 $0 $153,061
CHRISTINA-MAI JUST CHIEF EQUITY OFFICER 25.00
Officer
$142,439 $0 $142,439
KAT JOHNSON CHIEF OF STAFF 25.00
Officer
$126,317 $0 $126,317
JAMIE KANEKO VP OF STRATEGIC COMMUNICATIONS 25.00
Highest
$131,385 $0 $131,385
ELIZABETH GARBE VP OF PUBLIC POLICY 25.00
Highest
$123,762 $0 $123,762
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 $9,511,221 $7,173,942 $21,182,549 $2,337,279
2024 $4,660,686 $12,470,587 $19,681,386 $-7,809,901
2023 $14,945,443 $15,533,322 $28,897,908 $-587,879
2022 $11,102,852 $14,172,242 $28,992,111 $-3,069,390
2021 $17,873,983 $12,901,927 $33,777,150 $4,972,056
2020 $21,883,175 $13,795,462 $29,345,814 $8,087,713
2019 $13,478,038 $15,213,256 $23,305,327 $-1,735,218
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