FPC PRESERVATION FOUNDATION INC

EIN: 870572097 501(c)(3) Arts, Culture & Humanities

SALT LAKE CTY, UT

Total Revenue
$508,102
Total Expenses
$608,454
Total Assets
$1,341,275
Net Assets
$1,234,457
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
UT
Phone
8019165270
Tax Period
2024-01-01 to 2024-12-31

FPC PRESERVATION FOUNDATION INC, founded in 1997, is a small nonprofit in the Arts, Culture & Humanities sector that reported $508K in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $608K exceeded revenue, resulting in a 20% operating deficit.

Mission

The primary program of service is the renovation of an historic church building. $5.13 mil has been spent. The initial renovation was complete in 2004. It won several awards for historical preservation. Additional renovation has begun late in 2021.

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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 (2024)

Revenue Breakdown

Contributions & Grants $428,255
Program Service Revenue $0
Investment Income $79,847
Other Revenue $0
TOTAL REVENUE $508,102

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $608,155
Other Expenses $608,454
TOTAL EXPENSES $608,454

Year-over-Year Comparison

2024 2023 Change
Revenue $508,102 $918,508 -0.4%
Expenses $608,454 $98,786 +5.2%
Net Income $-100,352 $819,722 -1.1%
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

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
12

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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Wayne A Simpson President 5.00
Officer Director
$0 $0 $0
Pamela Atkinson Vice President 1.00
Officer Director
$0 $0 $0
Nancy Savage Treasurer 8.00
Officer Director
$0 $0 $0
Doyle Arnold Secretary 3.00
Officer Director
$0 $0 $0
Bert Dart Director 0.00
Director
$0 $0 $0
Steve Aeschbacher Director 0.00
Director
$0 $0 $0
Jamie White Director 3.00
Director
$0 $0 $0
Shawn Neugebauer Director 0.00
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 $508,102 $608,454 $1,341,275 $-100,352
2023 $918,508 $98,786 $1,430,158 $819,722
2022 $797,908 $281,535 $688,631 $516,373
2021 $267,504 $85,462 $190,962 $182,042
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