NEBO EDUCATION FOUNDATION

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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

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.

Program Service Accomplishments

Program 1

Expenses: $714,515

SUPPORTED PROGRAMS AND ACTIVITIES WHICH ENHANCED QUALITY OF EDUCATION AND ASSURED THAT ALL STUDENTS OF NEBO SCHOOL DISTRICT HAD 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%)

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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

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