WASATCH PEAKS FOUNDATION

EIN: 881110789 501(c)(3) Public & Societal Benefit

Ogden, UT

Total Revenue
$261,420
Total Expenses
$224,715
Total Assets
$72,970
Net Assets
$72,970
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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
Tod Schroeder
Phone
8014766366
Tax Period
2023-01-01 to 2023-12-31

WASATCH PEAKS FOUNDATION, founded in 2022, is a small nonprofit in the Public & Societal Benefit sector that reported $261K in total revenue in fiscal year 2023. Revenue surged 60% from the prior year, signaling strong growth momentum. Expenses of $225K left a modest 14% surplus.

Mission

To assist organizations that benefit the communities in which Wasatch Peaks operates. The Foundation works to connect volunteers and resources to community organizations. The Foundation's focus is in four areas: children and youth, education and financial literacy, environment, economic and recreation.

Program Service Accomplishments

Program 1
Expenses: $53,411 Revenue: $53,411

* Wasatch Peaks has licensed the Stukent Personal Finance Simulation software for 27 high schools, charter schools, and technical/vocational schools in 2022 totaling $54,000 annually with the...

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* Wasatch Peaks has licensed the Stukent Personal Finance Simulation software for 27 high schools, charter schools, and technical/vocational schools in 2022 totaling $54,000 annually with the opportunity to reach over 10,000 students. As many as 20 new schools will likely be added in 2023 requiring an additional $40,000 in funding. The Foundation will reach every graduating senior in eight northern Utah counties. This national/state education core standard financial education platform prepares students in a semester to budget for 18 months of "real" world finance based on decision-based learning.

Program 2
Expenses: $34,892 Revenue: $46,121

Warm The Soles is an annual campaign where we raised over funds in member donations to purchase 1,120 pair of shoes for economically disadvantaged elementary students in 13 local Title I schools.

Program 3
Expenses: $22,023 Revenue: $61,560

The Foundation will be funding $25,000 in college scholarships with 10, $1,500 scholarships being awarded to a student at ten local high schools. One $10,000 scholarship will be awarded from the same...

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The Foundation will be funding $25,000 in college scholarships with 10, $1,500 scholarships being awarded to a student at ten local high schools. One $10,000 scholarship will be awarded from the same pool of high schools. Scholarship qualifications are based on a 3.0 GPA, credit union membership, and an essay on their community involvement and volunteerism. The funds to provide these scholarships were raised in 2023, funding of the scholarships will happen in 2024.

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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 (2023)

Revenue Breakdown

Contributions & Grants $261,420
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $261,420

Expense Breakdown

Grants Paid $224,715
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $224,715
Other Expenses $0
TOTAL EXPENSES $224,715

Year-over-Year Comparison

2023 2022 Change
Revenue $261,420 $163,588 +0.6%
Expenses $224,715 $127,323 +0.8%
Net Income $36,705 $36,265 +0.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
12

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
10
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tod Schroeder Executive Director 5
Officer
$0 $0 $0
Ashley Loftus Treasurer 5
Officer
$0 $0 $0
Jenny Welch Secretary 1
Officer
$0 $0 $0
Spence Mcarthur Board member 1
Officer
$0 $0 $0
Jeff Shaw Board Member 1
Officer
$0 $0 $0
Nanette Combe Board Member 1
Officer
$0 $0 $0
Cindi Hellewell Board Member 1
Officer
$0 $0 $0
Randy Rounds Board Member 1
Officer
$0 $0 $0
Todd Skeen board member 1
Officer
$0 $0 $0
Curtis Smout board member 1
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $261,420 $224,715 $72,970 $36,705
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