UTAH NON-PROFIT HOUSING CORPORATION

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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

1967

Legal Domicile

Principal Officer

GORDON J MCCOMB

Phone

8013646117

Tax Period

2023-01-01 to 2023-12-31

UTAH NON-PROFIT HOUSING CORPORATION, founded in 1967, is a mid-sized nonprofit that reported $19.7M in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $8.3M, a strong 42% operating margin.

Mission

ACQUIRE AN INTEREST IN REAL PROPERTY IN ORDER TO DEVELOP, CONSTRUCT, MANAGE AND OPERATE HOUSING FOR LOW INCOME INDIVIDUALS, FAMILIES AND THE ELDERLY.

Program Service Accomplishments

Program 1

Expenses: $10,431,393 Revenue: $7,109,483

OPERATIONS, MANAGEMENT AND SUPPORTIVE SERVICES FOR LOW INCOME HOUSING RENTAL PROPERTIES - PROGRAM EXPENSES ARE RELATED TO AFFORDABLE HOUSING PROPERTIES OWNED AND MANAGED BY THE COMPANY.

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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 $12,273,130

Program Service Revenue $7,121,146

Investment Income $-617,032

Other Revenue $930,108

TOTAL REVENUE $19,707,352

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,992,058

Fundraising Expenses $0

Program Expenses $10,431,393

Other Expenses $8,441,536

TOTAL EXPENSES $11,433,594

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,707,352	$25,355,454	-0.2%
Expenses	$11,433,594	$7,634,476	+0.5%
Net Income	$8,273,758	$17,720,978	-0.5%

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

119

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

$192,578

Total Directors

Key Employees

$172,500

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARION WILLEY	EXECUTIVE DI	25.00	Officer	$192,578	$0	$192,578
SHARON ABEGGLEN	VICE PRESIDE	2.00	Director	$0	$0	$0
GREG CHAPMAN	SECRETARY	2.00	Director	$0	$0	$0
CRAIG DEMORDAUNT	PRESIDENT	2.00	Director	$0	$0	$0
LAURA LEE DUARTE	PRESIDENT	2.00	Director	$0	$0	$0
ROBERT DANIELS	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL IWASKI	BOARD MEMBER	2.00	Director	$0	$0	$0
GARY OLIVER	BOARD MEMBER	2.00	Director	$0	$0	$0
MARK L SMITH	BOARD MEMBER	2.00	Director	$0	$0	$0
SCOTT SCHWAB	BOARD MEMBER	2.00	Director	$0	$0	$0
MARY JANE FINE	OPERATIONS D	40.00	Key Emp	$172,500	$0	$172,500

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	$19,707,352	$11,433,594	$103,897,876	$8,273,758
2022	$25,355,454	$7,634,476	$88,535,148	$17,720,978
2021	$36,661,110	$6,172,152	$66,026,062	$30,488,958
2020	$15,944,527	$7,579,029	$50,806,774	$8,365,498
2019	$16,487,924	$7,209,877	$32,991,619	$9,278,047
2018	$7,099,911	$7,201,481	$31,345,832	$-101,570