SILICON SLOPES COMMONS

EIN: 870482975

LEHI, UT

Total Revenue
$91,694
Total Expenses
$248,126
Total Assets
$99,473
Net Assets
$-208,078
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
UT
Principal Officer
CLINT BETTS
Phone
8015683500
Tax Period
2021-01-01 to 2021-12-31

SILICON SLOPES COMMONS, founded in 1991, is a micro nonprofit that reported $92K in total revenue in fiscal year 2021. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $248K exceeded revenue, resulting in a 171% operating deficit.

Mission

THE MISSION OF UTC IS TO PROMOTE THE GROWTH OF UTAH'S INFORMATION & TECHNOLOGY INDUSTRY. UTC SERVES ITS MEMBERS IN SEVERAL WAYS INCLUDING: CEO ROUNDTABLES, HALL OF FAME EVENTS, INTERNET TECHNOLOGY SUMMITS, AND INDUSTRY LUNCHEONS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $5,000
Program Service Revenue $86,694
Investment Income $0
Other Revenue $0
TOTAL REVENUE $91,694

Expense Breakdown

Grants Paid $0
Salaries & Benefits $141,672
Fundraising Expenses $0
Other Expenses $106,454
TOTAL EXPENSES $248,126

Year-over-Year Comparison

2021 2020 Change
Revenue $91,694 $183,002 -0.5%
Expenses $248,126 $227,583 +0.1%
Net Income $-156,432 $-44,581 +2.5%
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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Governance

Voting Members
14
Independent Members
14
Employees
1
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
2
$131,128
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CLINT BETTS EXEC. DIRECT 1.00
Officer Director
$0 $0 $0
CARINE CLARK CHAIR 1.00
Director
$0 $0 $0
JEREMY ANDRUS TRUSTEE 1.00
Director
$0 $0 $0
DAVE ELKINGTON TRUSTEE 1.00
Director
$0 $0 $0
JOSH JAMES TRUSTEE 1.00
Director
$0 $0 $0
JONATHAN JOHNSON TRUSTEE 1.00
Director
$0 $0 $0
AARON SKONNARD TRUSTEE 1.00
Director
$0 $0 $0
RYAN SMITH TRUSTEE 1.00
Director
$0 $0 $0
JOHNNY HANNA TRUSTEE 1.00
Director
$0 $0 $0
JEFF JONES TRUSTEE 1.00
Director
$0 $0 $0
DAN LLOYD TRUSTEE 1.00
Director
$0 $0 $0
FRANK MAYLETT TRUSTEE 1.00
Director
$0 $0 $0
BASSAM SALEM TRUSTEE 1.00
Director
$0 $0 $0
KATHRYN MURPHY TRUSTEE 1.00
Director
$0 $0 $0
ELIZABETH CONVERSE DIR. OF OPER 40.00
Officer
$124,951 $6,177 $131,128
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
2021 $91,694 $248,126 $99,473 $-156,432
2020 $183,002 $227,583 $70,573 $-44,581
2019 $799,774 $854,572 $98,900 $-54,798
2018 $1,186,246 $1,432,075 $288,444 $-245,829
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