Hale Center Foundation for the Arts and Education

Nonprofit profile at a glance

EIN
870665160
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Pleasant Grove, UT, USA
Phone
8012268600
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Performing Arts Schools

Reported finances

Revenue
$17,561,650
Expenses
$12,186,994
Assets
$79,897,855
Liabilities
$65,082,459

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • CODY SWENSON (EXECUTIVE DIRECTOR)
  • BILL WOAHN (EXECUTIVE VICE PRESIDENT)

Highest reported compensation

  • CODY SWENSON (EXECUTIVE DIRECTOR): $177,247 total reported compensation
  • JEFF FISHER (DEVELOPMENT): $174,174 total reported compensation
  • TROY ANDERSON (IT AND OPERATIONS): $139,320 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Organization provides a high quality, intimate, theatrical experience by furnishing an excellent venue for artists to express their talents and gain valuable experience; and by providing a positive place for children and adults to learn and perform.

Operating model

Revenue model
Donor-supported. 61% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 64
  • Transparency & Controls: 74
  • Accountability: 88
  • Sustainability: 72
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 59.1%; rating input score 59
  • Program expense ratio: 79.8%; rating input score 80
  • Fundraising efficiency: $11.42 raised per $1 spent on fundraising; rating input score 42; 42nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 80%; rating input score 80; 16th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 30.6%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 6.56; rating input score 88; 88th percentile among comparable filings
  • Liabilities to assets ratio: 0.81; rating input score 13; 13th percentile among comparable filings
  • Officer compensation ratio: 9.5%; rating input score 23; 23rd percentile among comparable filings

Growth

  • Program expense growth: 14.2% per year; rating input score 100; 82nd percentile among comparable filings
  • Revenue growth: 17.7% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: 31.5% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 59.1% of revenue deployed · 79.8% of spending went to programs
  • Governance: 8 of 10 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $9.7M in reported program spending
  • Leadership: top reported pay $177K · 17 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 4 contractors listed · $4.2M reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 9 filed schedules · includes major donors and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 10 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 59/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 42/100.
  • High — Sustainability: Liabilities to assets ratio scored 13/100.
  • High — Sustainability: Officer compensation ratio scored 23/100.