TANNER GIFT OF MUSIC TRUST ZIONS BANCORPORATION NA (EIN 870393467) - 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

1982

Legal Domicile

Principal Officer

MICHAEL GREGORY

Phone

8018447052

Tax Period

2023-01-01 to 2023-12-31

TANNER GIFT OF MUSIC TRUST ZIONS BANCORPORATION NA, founded in 1982, is a small nonprofit in the Arts, Culture & Humanities sector that reported $113K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $245K exceeded revenue, resulting in a 116% operating deficit.

Mission

THE PURPOSE OF THIS TRUST IS TO DEVOTE AND APPLY THE PROPERTY OWNED BY THE ORGANIZATION AND THE INCOME TO BE DERIVED THERE FROM EXCLUSIVELY FOR THE BENENFIT OF THE MORMON TABERNACLE CHOIR AND THE UTAH SYMPHONY IN THE PRESENTATION OF A BI-ANNUAL CONCERT.

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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 $0

Program Service Revenue $0

Investment Income $113,311

Other Revenue $0

TOTAL REVENUE $113,311

Expense Breakdown

Grants Paid $0

Salaries & Benefits $36,552

Fundraising Expenses $0

Program Expenses $212,464

Other Expenses $208,238

TOTAL EXPENSES $244,790

Year-over-Year Comparison

	2023	2022	Change
Revenue	$113,311	$159,361	-0.3%
Expenses	$244,790	$39,533	+5.2%
Net Income	$-131,479	$119,828	-2.1%

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

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

$8,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE	1.00		$26,100	$0	$26,100
MICHAEL GREGORY	SECRETARY/TR	2.50	Officer	$8,500	$0	$8,500

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	$113,311	$244,790	$2,050,740	$-131,479
2022	$159,361	$39,533	$2,182,219	$119,828
2021	$82,927	$42,177	$2,062,391	$40,750
2020	$90,835	$45,243	$2,021,641	$45,592
2019	$129,978	$309,954	$1,976,049	$-179,976
2018	$29,402	$22,832	$2,156,025	$6,570
2017	$100,316	$25,206	$2,149,455	$75,110

TANNER GIFT OF MUSIC TRUST ZIONS BANCORPORATION NA