Loa Scholarship Fund

Nonprofit profile at a glance

EIN
452534204
IRS 990-EZ coverage
2022–2023
Forms available
Form 990 2021, Form 990-EZ 2023, Form 990-N 2019
Location
Teasdale, UT, USA
Phone
8013582974
Rating
63
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Youth Development Programs

Reported finances

Revenue
$90,000
Expenses
$210,408
Assets
$305,958
Liabilities
$9,460

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

5 people listed

People named in this filing

  • Derek Daley (Chairman)
  • Michael Hinkle (Board Member)
  • Doug Carlson (Board Member)

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 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Loa Scholarship Fund provides financial support to qualified individuals that would benefit from Outdoor Behavioral Healthcare treatment for mental health or addiction, including education, prevention, and treatment.We believe that through healthy interventions, ongoing collaboration, and effective wilderness and residential programing we can provide everyone with the opportunity to grow mentally, physically, and emotionally. LOA FUND creates unique opportunities for individuals to receive mental health care, develop support for addiction recovery, and establish healthy family relationships. Through fundraising, community awareness interventions, and program evaluation, LOA FUND ensures that each persons experience is optimally suited for their needs and their strengths. By working with providers and offering scholarships to those in need, we give families hope and make change a genuine possibility.The Loa fund is based in Utah and has representatives in offices in Seattle, Las Veg

What it reported doing in 2023

The LOA Scholarship Fund has successfully funded over 160 people for treatment over the life of the program, of those, about 6 were funded in 2023.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.

The verdict

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

Rating breakdown

  • Financial Efficiency: 62
  • Transparency & Controls: 75
  • Sustainability: 23
  • Growth: 20

Detailed rating inputs

Financial Efficiency

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

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 3rd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -133.8%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 1.45; rating input score 56; 56th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 25; 25th percentile among comparable filings
  • Officer compensation ratio: 33.3%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -59.6% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: 23.3% per year; rating input score 100; 88th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2022 to 2023
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • 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 — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 7/100.
  • Review — Sustainability: Total-asset coverage ratio scored 56/100.
  • High — Sustainability: Officer compensation ratio scored 5/100.
  • High — Sustainability: Liabilities to assets ratio scored 25/100.