WASATCH INNOVATION NETWORK (EIN 871806979) - 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

2021

Legal Domicile

Principal Officer

DANIEL H BRIMHALL

Phone

8013285059

Tax Period

2022-07-01 to 2023-06-30

WASATCH INNOVATION NETWORK, founded in 2021, is a small nonprofit that reported $218K in total revenue in fiscal year 2022. Revenue surged 154% from the prior year, signaling strong growth momentum. The organization ran a surplus of $53K, a strong 24% operating margin.

Mission

WE ARE FOUNDED ON THE BELIEF THAT BUSINESS LEADERS ARE STEWARDS AND CREATORS, NOT JUST BENEFICIARIES, OF THE ECONOMIC ECOSYSTEM. WE COLLABORATE ON INNOVATION ACROSS INDUSTRIES, PLANNING AND CREATING TO ACCELERATE JOB GROWTH, TALENT RECRUITMENT AND ECONOMIC PROSPERITY THAT WILL BENEFIT THE WASATCH FRONT, STATE OF UTAH AND INTERMOUNTAIN WEST.

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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 (2022)

Revenue Breakdown

Contributions & Grants $204,296

Program Service Revenue $13,400

Investment Income $0

Other Revenue $0

TOTAL REVENUE $217,696

Expense Breakdown

Grants Paid $0

Salaries & Benefits $99,967

Fundraising Expenses $0

Other Expenses $65,134

TOTAL EXPENSES $165,101

Year-over-Year Comparison

	2022	2021	Change
Revenue	$217,696	$85,875	+1.5%
Expenses	$165,101	$109,284	+0.5%
Net Income	$52,595	$-23,409	-3.2%

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

Volunteers

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

$799,013

Total Directors

$521,877

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEREK MILLER	CO-CHAIR	2.00	Officer Director	$0	$48,163	$521,877
DANIEL H BRIMHALL	CFO	2.00	Officer	$0	$15,862	$167,311
ELISABETH NEBEKER	EXECUTIVE DI	40.00	Officer	$108,226	$1,599	$109,825
PAUL AHSLTROM	CO-CHAIR	2.00	Officer Director	$0	$0	$0
ROBIN RITCH	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE STARKS	BOARD MEMBER	1.00	Director	$0	$0	$0
TESSA WHITE	BOARD MEMBER	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
2023	$217,696	$165,101	$29,186	$52,595

WASATCH INNOVATION NETWORK