UTAH TECH LEADS ASSOCIATION

EIN: 874496132 Community Improvement

SALT LAKE CITY, UT

Total Revenue
$251,663
Total Expenses
$413,135
Total Assets
$18,273
Net Assets
$-161,472
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
UT
Principal Officer
SUNNY WASHINGTON
Phone
8018357087
Tax Period
2022-01-18 to 2022-12-31

UTAH TECH LEADS ASSOCIATION, founded in 2022, is a small nonprofit in the Community Improvement sector that reported $252K in total revenue in fiscal year 2022. Expenses of $413K exceeded revenue, resulting in a 64% operating deficit.

Mission

TO PROMOTE THE COMMON INTERESTS OF THOSE ENTITIES AND PERSONS, INCLUDING ENTREPRENEURS AND STARTUP COMPANIES, INVOLVED IN THE TECHNOLOGY INDUSTRY WITHIN THE STATE OF UTAH.

Program Service Accomplishments

Program 1

UTL HELD MONTHLY SESSIONS WITH MEMBERS AND REPRESENTATIVES FROM TECH COMPANIES TO MEET WITH LEGISLATORS, UNDERSTAND LEGISLATION THAT WOULD IMPACT THEM OR THEIR WORKFORCE, AND ALSO GET INSIGHT FROM...

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UTL HELD MONTHLY SESSIONS WITH MEMBERS AND REPRESENTATIVES FROM TECH COMPANIES TO MEET WITH LEGISLATORS, UNDERSTAND LEGISLATION THAT WOULD IMPACT THEM OR THEIR WORKFORCE, AND ALSO GET INSIGHT FROM THE TECH INDUSTRY.UTL ALSO HELD A "TECH DAY ON THE HILL" THAT WOULD CONNECT TECH INDUSTRY PEOPLE TO SHADOW A LOCAL LEGISLATOR DURING THE SESSION. IT GAVE THEM OPPORTUNITIES TO BUILD 1:1 RELATIONSHIPS WITH EACH OTHER WHILE ALSO GIVING OUR MEMBERS THE OPPORTUNITY TO SEE FIRST HAND THE PROCESS OF HOW LEGISLATION IS DONE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $135,500
Program Service Revenue $112,663
Investment Income $0
Other Revenue $3,500
TOTAL REVENUE $251,663

Expense Breakdown

Grants Paid $0
Salaries & Benefits $285,159
Fundraising Expenses $0
Other Expenses $127,976
TOTAL EXPENSES $413,135

Year-over-Year Comparison

2022 2021 Change
Revenue $251,663 N/A N/A
Expenses $413,135 N/A N/A
Net Income $-161,472 N/A N/A
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

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
2
Volunteers
3

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
2
$224,583
Total Directors
2
$224,583
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUNNY WASHINGTON PRESIDENT & CEO 2.00
Officer Director
$113,750 $0 $113,750
ELIZABETH CONVERSE - SECRETARY TREASURER & EXEC. DIRECTOR 2.00
Officer Director
$110,833 $0 $110,833
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
2022 $251,663 $413,135 $18,273 $-161,472
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