NEBO EDUCATION FOUNDATION

EIN: 870546418 501(c)(3) Philanthropy & Grantmaking

SPANISH FORK, UT

Total Revenue
$322,805
Total Expenses
$714,515
Total Assets
$963,820
Net Assets
$963,820
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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
1994
Legal Domicile
UT
Tax Period
2023-07-01 to 2024-06-30

NEBO EDUCATION FOUNDATION, founded in 1994, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $323K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $715K exceeded revenue, resulting in a 121% operating deficit.

Mission

SUPPORT PROGRAMS AND ACTIVITIES WHICH ENHANCE QUALITY OF EDUCATION AND ASSURE THAT ALL STUDENTS OF NEBO SCHOOL DISTRICT HAVE ACCESS TO QUALITY EDUCATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $223,471
Program Service Revenue $0
Investment Income $60,512
Other Revenue $38,822
TOTAL REVENUE $322,805

Expense Breakdown

Grants Paid $714,515
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $714,515
Other Expenses $0
TOTAL EXPENSES $714,515

Year-over-Year Comparison

2023 2022 Change
Revenue $322,805 $462,617 -0.3%
Expenses $714,515 $537,715 +0.3%
Net Income $-391,710 $-75,098 +4.2%
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
17
Independent Members
17
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
5
$0
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATT CHRISTENSEN Trustee 1.00
Director
$0 $0 $0
DEBBIE CHRISTENSEN Trustee 1.00
Director
$0 $0 $0
GAYLE GAMMELL Treasurer 1.00
Officer Director
$0 $0 $0
EARL DAVIS President 1.00
Officer Director
$0 $0 $0
SETH SORENSEN Executive Dir. 1.00
Director
$0 $0 $0
SUSAN SMITH Trustee 1.00
Director
$0 $0 $0
ANNA GAMMELL Trustee 1.00
Officer Director
$0 $0 $0
KEELA GOUDY Trustee 1.00
Officer Director
$0 $0 $0
LINDSEY HUGHES Trustee 1.00
Director
$0 $0 $0
REED PARK Trustee 1.00
Director
$0 $0 $0
RICK NIELSEN SUPERINTENDENT 1.00
Director
$0 $0 $0
DARLYNN MENLOVE Trustee 1.00
Director
$0 $0 $0
CRAIG WARREN Trustee 1.00
Officer Director
$0 $0 $0
KRISTEN BETTS Trustee 1.00
Director
$0 $0 $0
DALE PHELPS Secretary 1.00
Director
$0 $0 $0
STACY NANCE Trustee 1.00
Director
$0 $0 $0
KRISTINA CHRISTENSEN Trustee 1.00
Director
$0 $0 $0
LAURA TAYLOR Trustee 1.00
Director
$0 $0 $0
CRAIG SHIELDS Vice President 1.00
Director
$0 $0 $0
CHRISTINE RILEY Trustee 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
2025 No data No data No data No data
2024 $322,805 $714,515 $963,820 $-391,710
2023 $462,617 $537,715 $1,355,530 $-75,098
2022 $673,238 $548,157 $1,430,628 $125,081
2021 $1,186,912 $377,940 $1,305,547 $808,972
2020 $267,937 $264,267 $496,575 $3,670
2019 $297,332 $283,946 $492,905 $13,386
2018 $364,851 $240,934 $479,519 $123,917
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