SALT LAKE MENTAL HEALTH HOUSING INC (EIN 942938347) - Form 990 Financial Analysis & Trantor Score

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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

1984

Legal Domicile

Principal Officer

SPENCER SEAQUIST

Phone

8012637221

Tax Period

2023-01-01 to 2023-12-31

SALT LAKE MENTAL HEALTH HOUSING INC, founded in 1984, is a small nonprofit that reported $289K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $280K left a modest 3% surplus.

Mission

PROVIDE LOW INCOME HOUSING TO MENTALLY ILL PEOPLE WHO COULD NOT AFFORD HOUSING OTHERWISE

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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 $213,207

Program Service Revenue $75,190

Investment Income $140

Other Revenue $710

TOTAL REVENUE $289,247

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,629

Fundraising Expenses $0

Program Expenses $256,469

Other Expenses $228,755

TOTAL EXPENSES $280,384

Year-over-Year Comparison

	2023	2022	Change
Revenue	$289,247	$248,948	+0.2%
Expenses	$280,384	$269,031	+0.0%
Net Income	$8,863	$-20,083	-1.4%

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

N/A

Volunteers

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

$506,408

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN HANSHAW	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
JIM DUNNIGAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CAMERON MCBRIDE	SECRETARY	1.00	Officer Director	$0	$0	$0
MITCH TIBBITTS	TREASURER	1.00	Officer Director	$0	$0	$0
STAN BEAGLEY	MEMBER	1.00	Director	$0	$0	$0
RUSS ELBEL	MEMBER	1.00	Director	$0	$0	$0
KENNETH WOOLLEY	MEMBER	1.00	Director	$0	$0	$0
LYNETTE HANSEN	MEMBER	1.00	Director	$0	$0	$0
JULIA HOOD	MEMBER	1.00	Director	$0	$0	$0
JARED SANFORD	CEO/PRESIDENT	1.00	Officer	$0	$0	$332,013
SPENCER SEAQUIST	CFO/VICE PRESIDENT	1.00	Officer	$0	$0	$174,395

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	$289,247	$280,384	$482,250	$8,863
2022	$248,948	$269,031	$526,614	$-20,083
2021	$268,629	$235,102	$538,701	$33,527
2020	$252,493	$240,084	$351,108	$12,409
2019	$267,124	$240,057	$377,924	$27,067
2018	$262,664	$228,825	$376,882	$33,839

SALT LAKE MENTAL HEALTH HOUSING INC