UTAH MICROENTERPRISE LOAN FUND

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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

2024-10-01 to 2025-09-30

UTAH MICROENTERPRISE LOAN FUND, founded in 1991, is a community nonprofit in the Public & Societal Benefit sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 217% from the prior year, signaling strong growth momentum. The organization ran a surplus of $884K, a strong 51% operating margin.

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.

Program Service Accomplishments

Program 1

Expenses: $399,538 Revenue: $176,750

LOANS MADE UP TO $50,000 TO FINANCIALLY AND/OR SOCIALLY DISADVANTAGED INDIVIDUALS WHO WILL START OR EXPAND A SMALL BUSINESS AND HAVE INSUFFICIENT RESOURCES TO DO SO. DURING THE FISCAL YEAR, 20 LOANS...

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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 (2024)

Revenue Breakdown

Contributions & Grants $714,177

Program Service Revenue $176,750

Investment Income $846,041

Other Revenue $5,924

TOTAL REVENUE $1,742,892

Expense Breakdown

Grants Paid $0

Salaries & Benefits $553,586

Fundraising Expenses $45,437

Program Expenses $399,538

Other Expenses $305,004

TOTAL EXPENSES $858,590

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,742,892	$550,159	+2.2%
Expenses	$858,590	$1,142,244	-0.2%
Net Income	$884,302	$-592,085	-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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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

$161,477

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG KEEFE	Executive Dir.	40.00	Officer	$134,331	$27,146	$161,477
MIKE WEAVER	BOARD MEMBER	1.00	Director	$0	$0	$0
JACKIE HOBSON	BOARD MEMBER	1.00	Director	$0	$0	$0
RYAN JONES	CHAIR	1.00	Officer Director	$0	$0	$0
STEVE HANNAY	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC MARX	Treasurer	1.00	Officer Director	$0	$0	$0
SAM ROBERTS	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT LONGMAN	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
SIDNI SHORTER	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
ZACHARY SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC BLANCHARD	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
BALA TRIOLO	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW RENLUND	BOARD MEMBER	1.00	Director	$0	$0	$0
RACHEL HADLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JUSTIN CROWLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
CARYL ERIKSSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JUSTIN DE JONG	BOARD MEMBER	1.00	Director	$0	$0	$0
ALAN URIE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOEL BEUS	Secretary	1.00	Officer 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
2025	$1,742,892	$858,590	$2,350,796	$884,302
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