COMMUNITY DEVELOPMENT CORPORATION OF UTAH (EIN 870476889) - 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

1990

Legal Domicile

Principal Officer

TODD REEDER

Phone

8019947222

Tax Period

2022-07-01 to 2023-06-30

COMMUNITY DEVELOPMENT CORPORATION OF UTAH, founded in 1990, is a mid-sized nonprofit in the Housing & Shelter sector that reported $14.5M in total revenue in fiscal year 2022. Revenue surged 429% from the prior year, signaling strong growth momentum.

Mission

COMMUNITY DEVELOPMENT CORPORATION OF UTAH ASSISTS ASPIRING HOMEOWNERS ALONG THE PATH TO HOMEOWNERSHIP, DEVELOPS SUSTAINABLE AND AFFORDABLE HOUSING, REVITALIZES AND STABILIZES NEIGHBORHOODS AND COMMUNITIES, AND PROMOTES SELF-SUFFICIENCY THROUGH HOME OWNERSHIP.

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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 (2022)

Revenue Breakdown

Contributions & Grants $13,766,505

Program Service Revenue $283,766

Investment Income $8,739

Other Revenue $434,882

TOTAL REVENUE $14,493,892

Expense Breakdown

Grants Paid $11,944,866

Salaries & Benefits $1,509,646

Fundraising Expenses $68,819

Program Expenses $14,221,876

Other Expenses $1,118,802

TOTAL EXPENSES $14,628,564

Year-over-Year Comparison

	2022	2021	Change
Revenue	$14,493,892	$2,737,981	+4.3%
Expenses	$14,628,564	$2,684,531	+4.4%
Net Income	$-134,672	$53,450	-3.5%

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

$252,365

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT ROBERTS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RYAN PEEL	PRESIDENT & SECRETARY	1.00	Officer Director	$0	$0	$0
LILY GRAY	BOARD MEMBER	1.00	Director	$0	$0	$0
KISTY MORRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
ZACH TAYLOR	BOARD MEMBER	1.00	Director	$0	$0	$0
KENNETH ROBERTSON	BOARD MEMBER	1.00	Director	$0	$0	$0
VICKY FUENTES	BOARD MEMBER	1.00	Director	$0	$0	$0
VIRIDIANA NAJERA	BOARD MEMBER	1.00	Director	$0	$0	$0
BRYCE WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
LORIE DUDLEY	CHIEF FINANCIAL OFFICER	40.00	Officer	$104,864	$8,971	$113,835
J TODD REEDER	CHIEF EXECUTIVE OFFICER	40.00	Officer	$111,210	$27,320	$138,530
MICHAEL AKERLOW	CHIEF EXECUTIVE OFFICER	40.00		$140,715	$17,875	$158,590

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$14,493,892	$14,628,564	$21,059,253	$-134,672
2022	$2,737,981	$2,684,531	$10,004,556	$53,450
2021	$2,699,111	$2,301,892	$13,502,032	$397,219
2020	$1,703,074	$2,129,330	$10,638,703	$-426,256
2019	$1,675,746	$2,187,816	$7,497,035	$-512,070
2018	$1,364,378	$1,537,521	$3,943,122	$-173,143

COMMUNITY DEVELOPMENT CORPORATION OF UTAH