Intermountain Athlete Development Foundation

Nonprofit profile at a glance

EIN
853368401
IRS 990-EZ coverage
2020–2024
Forms available
Form 990-EZ 2024
Location
Heber City, UT, USA
Phone
8014926092
Rating
90
Verdict
STRONG
Rating confidence
Moderate
Sector
Educational Services and Schools - Other

Reported finances

Revenue
$5,581
Expenses
$19,007
Assets
$297

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

Leadership & pay

3 people listed

Executive titles in this filing

  • WESTON L WATKINS (PRESIDENT)

People named in this filing

  • REBECKAH G WATKINS (SECRETARY)
  • IAN LACY (TREASURER)
  • WESTON L WATKINS (PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

To teach, educate, and provide unique access to the sport of racing for youth and young adults.

What it reported doing in 2024

The foundation provides educational opportunities to the community at large and those who directly affiliate with the foundation. This includes teaching a history of racing and automobiles; encouraging teamwork and a sense of community through collaboration with other programs; and coaching proper driving techniques and competition. It is dedicated to lifting the spirits and creating opportunities of inspiration for children throughout the intermountain west by providing them with unique access to events and training that would not be available to them due to the high costs associated with the sport. Specifically the foundation supports hands-on education and safety programs, recognizes excellence in automotive engineering education and promotes amateur auto-racing. The foundation, in cooperation with Utah motorsports campus, will teach and educate youth and young adults in how to participate in amateur racing. As part of its education programming, the foundation may own one or more vehicles and operate or support a team. Participants will learn how to operate such a program and the skills, drive, and ambition necessary to succeed in life.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 96% 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.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 100
  • Sustainability: 10
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -240.6%; rating input score 4; 4th percentile among comparable filings
  • Total-asset coverage ratio: 0.02; rating input score 6; 6th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -28.4% per year; rating input score 0; 14th percentile among comparable filings
  • Revenue growth: -51.6% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: -35.7% per year; rating input score 0; 6th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $19K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • 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.

Key Signals

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

  • High — Sustainability: Operating margin scored 4/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 6/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.