UTAH MICROENTERPRISE LOAN FUND (EIN 870495534) - 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

1991

Legal Domicile

Principal Officer

DOUG KEEFE

Phone

8017461180

Tax Period

2023-10-01 to 2024-09-30

UTAH MICROENTERPRISE LOAN FUND, founded in 1991, is a small nonprofit in the Public & Societal Benefit sector that reported $550K in total revenue in fiscal year 2023. Expenses of $1.1M exceeded revenue, resulting in a 108% operating deficit.

Mission

PROVIDE FUNDING AND MANAGEMENT ASSISTANCE TO NEW AND EXISTING BUSINESSES THAT ARE NOT ABLE TO ACCESS TRADITIONAL SOURCES OF FUNDING; INCLUDING THOSE WHO ARE MEMBERS OF THE LOW/MODERATE INCOME COMMUNITY.

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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 $291,875

Program Service Revenue $242,579

Investment Income $13,905

Other Revenue $1,800

TOTAL REVENUE $550,159

Expense Breakdown

Grants Paid $0

Salaries & Benefits $602,342

Fundraising Expenses $45,109

Program Expenses $708,014

Other Expenses $539,902

TOTAL EXPENSES $1,142,244

Year-over-Year Comparison

	2023	2022	Change
Revenue	$550,159	$547,707	+0.0%
Expenses	$1,142,244	$1,072,992	+0.1%
Net Income	$-592,085	$-525,285	+0.1%

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

$153,755

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG KEEFE	Executive Dir.	40.00	Officer	$131,612	$22,143	$153,755
MIKE WEAVER	BOARD MEMBER	1.00	Director	$0	$0	$0
LORI FIKE	BOARD MEMBER	1.00	Director	$0	$0	$0
RYAN JONES	CHAIR	1.00	Officer Director	$0	$0	$0
ERIC MARX	Treasurer	1.00	Officer Director	$0	$0	$0
SAM ROBERTS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN TAUDTE	BOARD MEMBER	1.00	Director	$0	$0	$0
TODD JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
DON POULTON	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM HERRIN	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM WELCH	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT CHRISTENSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
SHEILA SRIVASTAVA	BOARD MEMBER	1.00	Director	$0	$0	$0
SETH WHEATLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID YOUNG	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER WELDING	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE EYRE	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW RENLUND	BOARD MEMBER	1.00	Director	$0	$0	$0
BETH COLOSIMO	BOARD MEMBER	1.00	Director	$0	$0	$0
LIZ HAN	BOARD MEMBER	1.00	Director	$0	$0	$0
CARYL ERIKSSON	BOARD MEMBER	1.00	Director	$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
2024	$550,159	$1,142,244	$2,697,693	$-592,085
2023	$547,707	$1,072,992	$3,991,904	$-525,285
2022	$784,855	$957,050	$4,809,581	$-172,195
2021	$701,489	$922,802	$5,421,781	$-221,313
2020	$723,980	$1,010,106	$6,216,254	$-286,126
2019	$645,035	$740,783	$6,963,256	$-95,748
2018	$622,103	$763,958	$6,539,239	$-141,855

UTAH MICROENTERPRISE LOAN FUND