UTAH LAND TITLE ASSOCIATION

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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

1958

Legal Domicile

Principal Officer

MEG WATSON

Phone

8014504098

Tax Period

2023-07-01 to 2024-06-30

UTAH LAND TITLE ASSOCIATION, founded in 1958, is a small nonprofit that reported $220K in total revenue in fiscal year 2023.

Mission

SEE STATEMENT ATTACHED

Program Service Accomplishments

Program 1

Expenses: $230,809

EDUCATIONAL SEMINARS AND CONSULTING FOR LICENSING OF MEMBERS

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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 $123,218

Program Service Revenue $96,339

Investment Income $16

Other Revenue $0

TOTAL REVENUE $219,573

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,382

Fundraising Expenses $0

Program Expenses $230,809

Other Expenses $179,427

TOTAL EXPENSES $230,809

Year-over-Year Comparison

	2023	2022	Change
Revenue	$219,573	$208,976	+0.1%
Expenses	$230,809	$202,127	+0.1%
Net Income	$-11,236	$6,849	-2.6%

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

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

$63,500

Key Employees

$34,500

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEG WATSON	EXECUTIVE DIRECTOR	20.00	Director Key Emp Highest	$34,500	$0	$34,500
MIKE SMITH	PAST PRESIDENT	5.00	Officer	$0	$0	$0
RACHAEL ORTIZ	PRESIDENT	5.00	Officer	$0	$0	$0
KIM HOLBROOK	1ST VICE PRESDIENT	5.00	Officer	$0	$0	$0
MICHAEL ANDERSON	YOUNG PROFESSIONALS CHAIR	5.00	Officer	$0	$0	$0
KIM CONNELLY-CRUZ	VICE PRESIDENT	5.00	Officer	$0	$0	$0
DAVID FREEMAN	VICE PRESIDENT	10.00	Officer	$0	$0	$0
SUSAN HOUGHTON	VICE PRESIDENT	5.00	Officer	$0	$0	$0
TIGE GARNER	CHAIR UNDERWRITER SECTION	5.00	Officer	$0	$0	$0
CATHY HATCH	VICE PRESIDENT	5.00	Officer	$0	$0	$0
JEFF BARNES	VICE PRESIDENT	5.00	Officer	$0	$0	$0
TINA WILLIAMS	VICE PRESIDENT	5.00	Officer	$0	$0	$0
MATT OLSEN	2ND VICE PRESIDENT	10.00	Officer	$0	$0	$0
KIRSTEN JORGENSEN	EDUCATION CHAIR	10.00	Officer	$0	$0	$0
CORT ASHTON	LEGISLATIVE CHAIR	10.00	Officer	$0	$0	$0
NANCY FRANDSEN	MEMBERSHIP CHAIR	5.00	Officer	$0	$0	$0
CHARLIE EVANS	LOBBYIST	10.00	Director	$29,000	$0	$29,000

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	$219,573	$230,809	$67,920	$-11,236
2024	$234,486	$233,218	$69,496	$1,268
2023	$208,976	$202,127	$79,155	$6,849
2022	$233,481	$274,476	$71,378	$-40,995
2019	$250,852	$218,660	$127,537	$32,192