OGDEN, UT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HEMINGWAY FACULTY TRUST AT WEBER STATE C/O BRAD MORTENSEN, founded in 1988, is a micro nonprofit in the Education sector that reported $61K in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $145K exceeded revenue, resulting in a 139% operating deficit.
GRANTS ARE MADE ACCORDING TO THE TRUST AGREEMENT DATED DECEMBER 24, 1988. INCOME AND PRINCIPAL IS DISTRIBUTED AS NEEDED TO WEBER STATE UNIVERSITY ENABLING THE FACULTY TO ENDUCE AN INTEREST IN TENURE AMONG QUALIFIED TEACHING PERSONNEL, TO PROVIDE FOR OR ENHANCE EXISTING PROGRAMS DESIGNED AS INCENTIVES TO NEW OR PRE-EXISTING FACULTY, AND TO INCREASE AND UPGRADE THE GENERAL QUALITY OF AVAILABLE BENEFIT OPTIONS FOR FACULTY MEMBERS. THE TRUSTEES MAINTAIN A RESPONSIVENESS TO WEBER STATE UNVERSITY'S NEEDS AND ACTIVITIES IN THE ATTAINMENT OF ITS MISSION. FOUR OF THE SIX TRUSTEES ARE APPOINTED AND SUBJECT TO REMOVAL BY WEBER STATE UNIVERSITY.
DISTRIBUTION TO WEBER STATE UNIVERSITY FOR THE 2022-2023 SCHOOL YEAR TO BE USED AS DESCRIBED IN THE MISSION STATEMENT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $60,553 | $109,986 | -0.4% |
| Expenses | $144,758 | $145,434 | 0.0% |
| Net Income | $-84,205 | $-35,448 | +1.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JANE HEMINGWAY MASON | CO-TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| HENRY S HEMINGWAY | CO-TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| HELEN HEMINGWAY-CARDON | CO-TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BRAD MORTENSEN | CO-TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| NORMAN C TARBOX | CO-TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BETSY MENNELL | CO-TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| RAVI KROVI | CO-TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | No data | No data | No data | No data |
| 2023 | $60,553 | $144,758 | $1,596,009 | $-84,205 |
| 2022 | $109,986 | $145,434 | $1,680,360 | $-35,448 |
| 2021 | $157,770 | $123,829 | $1,716,606 | $33,941 |
| 2020 | $102,790 | $124,724 | $1,682,590 | $-21,934 |
| 2019 | $96,029 | $119,749 | $1,704,138 | $-23,720 |
| 2018 | $153,033 | $113,131 | $1,728,193 | $39,902 |
Compare HEMINGWAY FACULTY TRUST AT WEBER STATE C/O BRAD MORTENSEN with other nonprofits in Utah and across the country.