OLYMPUS DEVELOPMENT FOUNDATION INC

EIN: 870477898 501(c)(3)

SALT LAKE CITY, UT

Total Revenue
$245,670
Total Expenses
$240,244
Total Assets
$322,386
Net Assets
$322,386
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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
2006
Legal Domicile
UT
Phone
3856465400
Tax Period
2024-09-01 to 2025-08-31

OLYMPUS DEVELOPMENT FOUNDATION INC, founded in 2006, is a small nonprofit that reported $246K in total revenue in fiscal year 2024.

Mission

VARIOUS MINOR PROGRAMS TO BENEFIT OLYMPUS HIGH ATHLETICS, ACADEMICS, ARTS & SCIENCES

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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 $240,176
Program Service Revenue $0
Investment Income $5,494
Other Revenue $0
TOTAL REVENUE $245,670

Expense Breakdown

Grants Paid $231,901
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $240,244
Other Expenses $8,343
TOTAL EXPENSES $240,244

Year-over-Year Comparison

2024 2023 Change
Revenue $245,670 $247,021 0.0%
Expenses $240,244 $218,568 +0.1%
Net Income $5,426 $28,453 -0.8%
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

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY GASIK PRESIDENT 5.00
Officer
$0 $0 $0
SYDNEY MADSEN VICE PRESIDENT 5.00
Officer
$0 $0 $0
SCOTT JACKSON TREASURER 5.00
Officer
$0 $0 $0
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 $245,670 $240,244 $322,386 $5,426
2024 $247,021 $218,568 $316,960 $28,453
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