UTAH APARTMENT ASSOCIATION (EIN 870667465) - 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

2000

Principal Officer

L PAUL SMITH

Phone

8014875619

Tax Period

2023-01-01 to 2023-12-31

UTAH APARTMENT ASSOCIATION, founded in 2000, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 81% from the prior year, signaling strong growth momentum. The organization ran a surplus of $939K, a strong 43% operating margin.

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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 $1,843,516

Program Service Revenue $230,495

Investment Income $10,991

Other Revenue $111,076

TOTAL REVENUE $2,196,078

Expense Breakdown

Grants Paid $0

Salaries & Benefits $639,441

Fundraising Expenses $0

Other Expenses $617,224

TOTAL EXPENSES $1,256,665

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,196,078	$1,210,916	+0.8%
Expenses	$1,256,665	$1,051,653	+0.2%
Net Income	$939,413	$159,263	+4.9%

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

130

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

$181,686

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
L PAUL SMITH	CEO & GENERA	40.00	Officer	$181,686	$0	$181,686
CRYSTAL BARTLETT	DIRECTOR	N/A	Director	$0	$0	$0
CHRISY BOND	DIRECTOR	N/A	Director	$0	$0	$0
KANDACE BREWSTER	DIRECTOR	N/A	Director	$0	$0	$0
DJ BRUHN	PRESIDENT	5.00	Officer Director	$0	$0	$0
TAWNIE CLONE	DIRECTOR	N/A	Director	$0	$0	$0
RYAN FROERER	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
PETER HARRADINE	DIRECTOR	N/A	Director	$0	$0	$0
COLLIN HOPKINS	DIRECTOR	N/A	Director	$0	$0	$0
CRAIG JOHNSON	DIRECTOR	N/A	Director	$0	$0	$0
KIRK CULLIMORE JR	DIRECTOR	N/A	Director	$0	$0	$0
CAT KIDDER	DIRECTOR	N/A	Director	$0	$0	$0
DAN LINK	DIRECTOR	N/A	Director	$0	$0	$0
STACEY MANZELLA	DIRECTOR	N/A	Director	$0	$0	$0
KRISTIN MATULONIS	DIRECTOR	N/A	Director	$0	$0	$0
TIM METLER	DIRECTOR	N/A	Director	$0	$0	$0
TANNER MIELSON	DIRECTOR	N/A	Director	$0	$0	$0
CASEY MILLER	DIRECTOR	N/A	Director	$0	$0	$0
TERI MINER	DIRECTOR	N/A	Director	$0	$0	$0
BILL PRINCE	SECRETARY	5.00	Officer Director	$0	$0	$0
BRAD RANDALL	PAST PRESIDE	5.00	Officer Director	$0	$0	$0
CODY REEDER	TREASURER	5.00	Director	$0	$0	$0
KRISTEN SCHMIDT	DIRECTOR	N/A	Director	$0	$0	$0
DEREK SEAL	DIRECTOR	N/A	Director	$0	$0	$0
JEREMY SHORTS	DIRECTOR	N/A	Director	$0	$0	$0
NATASHA SMITH	DIRECTOR	N/A	Director	$0	$0	$0
JILLIANE STARCER	DIRECTOR	N/A	Director	$0	$0	$0
DAVE TODD	DIRECTOR	N/A	Director	$0	$0	$0
MARCIE WATKINS	DIRECTOR	N/A	Director	$0	$0	$0
ROBERT WATSON	DIRECTOR	N/A	Director	$0	$0	$0
RACHEL WILLIAMS	DIRECTOR	N/A	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	No data	No data	No data	No data
2023	$2,196,078	$1,256,665	$1,065,929	$939,413
2022	$1,210,916	$1,051,653	$746,725	$159,263
2021	$882,977	$684,237	$633,134	$198,740
2020	$702,631	$684,844	$443,295	$17,787

UTAH APARTMENT ASSOCIATION