UTAH LAND TITLE ASSOCIATION

EIN: 876160825

DRAPER, UT

Total Revenue
$234,486
Total Expenses
$233,218
Total Assets
$69,496
Net Assets
$66,371
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1958
Legal Domicile
UT
Principal Officer
MEG WATSON
Phone
8014504098
Tax Period
2024-01-01 to 2024-12-31

UTAH LAND TITLE ASSOCIATION, founded in 1958, is a small nonprofit that reported $234K in total revenue in fiscal year 2024.

Mission

OUR PURPOSE IS TO: PROMOTE THE GENERAL WELFARE OF THE LAND TITLE PROFESSION IN UTAH, TO PROVIDE INFORMATION AND EDUCATION TO CONSUMERS, TO THOSE WHO REGULATE OR SUPERVISE THE LAND TITLE PROFESSION, AND TO ITS MEMBERS, TO PROMOTE PROFESSIONAL STANDARDS AND ETHICS, TO PROMOTE AND ENCOURAGE SOUND LEGISLATION AFFECTING LAND TITLES AND REAL ESTATE ESCROWS AND TO OTHERWISE FACILITATE THE READY TRANSFER OF LAND TITLES.

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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 $135,734
Program Service Revenue $98,751
Investment Income $1
Other Revenue $0
TOTAL REVENUE $234,486

Expense Breakdown

Grants Paid $0
Salaries & Benefits $81,370
Fundraising Expenses $0
Program Expenses $233,218
Other Expenses $151,848
TOTAL EXPENSES $233,218

Year-over-Year Comparison

2024 2023 Change
Revenue $234,486 $219,573 +0.1%
Expenses $233,218 $230,809 +0.0%
Net Income $1,268 $-11,236 -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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Governance

Voting Members
91
Independent Members
91
Employees
2
Volunteers
2

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
15
$36,000
Total Directors
1
$30,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MEG WATSON EXECUTIVE DI 20.00
Officer
$36,000 $0 $36,000
CHARLIE EVANS LOBBYIST 10.00
Director
$30,000 $0 $30,000
DAVID ACOR CENTRAL REGI 5.00
Officer
$0 $0 $0
BRANDEN ALLEN 2ND VICE PRE 5.00
Officer
$0 $0 $0
CORT ASHTON LEGISLATIVE 5.00
Officer
$0 $0 $0
JEFF BARNES DIXIE REGION 5.00
Officer
$0 $0 $0
KIM CRUZ MEMBERSHIP C 5.00
Officer
$0 $0 $0
BLAINE EINZINGER NORTHERN REG 5.00
Officer
$0 $0 $0
JIM HASLAM UNDERWRITER 5.00
Officer
$0 $0 $0
KIM HOLBROOK PRESIDENT 5.00
Officer
$0 $0 $0
KRISTEN JORGENSEN YOUNG PROF. 5.00
Officer
$0 $0 $0
DOUG NEWELL EASTERN REGI 5.00
Officer
$0 $0 $0
MATT OLSEN 1ST VICE PRE 5.00
Officer
$0 $0 $0
SYDNEY STOVER EDUCATION CH 5.00
Officer
$0 $0 $0
TINA WILLIAMS SOUTHERN UTA 5.00
Officer
$0 $0 $0
TYLER YORK CAPITOL REGI 5.00
Officer
$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 $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
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