Utah Heritage Credit Union
Nonprofit profile at a glance
- EIN
- 860229299
- IRS 990 coverage
- 2010–2025
- Forms available
- Form 990 2025
- Location
- Moroni, UT, USA
- Phone
- 4354368288
- Rating
- 44
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $10,352,449
- Expenses
- $7,617,943
- Assets
- $159,744,705
- Liabilities
- $140,503,456
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- TAMI OLSEN (CEO)
Highest reported compensation
- GREG STERNER (CLO): $205,697 total reported compensation
- EMILY FAUX (COO): $197,498 total reported compensation
- TAMI OLSEN (CEO): $190,994 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To assist members financial growth and stability by building strong relationships one member at a time.
What it reported doing in 2025
Funds for local grade and secondary schools along with local college. Scholarships. Donated funds to Civic activities including Veteran Memorial/Search and Rescue/Adult Services in county/local youth activities.
Operating model
- Revenue model
- Other-operating. 86% of the money available for current operations came from other operating revenue.
- 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.
The verdict
MIXED - Most voting board members are independent and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 60
- Accountability: 95
- Sustainability: 72
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0.1%; rating input score 0
- Program expense ratio: 0.1%; rating input score 0
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 26.4%; rating input score 82; 82nd percentile among comparable filings
- Total-asset coverage ratio: 20.97; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: 0.88; rating input score 8; 8th percentile among comparable filings
- Officer compensation ratio: 7.8%; rating input score 37; 37th percentile among comparable filings
Growth
- Program expense growth: -20.7% per year; rating input score 0; 2nd percentile among comparable filings
- Revenue growth: 9.2% per year; rating input score 100; 70th percentile among comparable filings
- Asset growth: 9.4% per year; rating input score 100; 64th percentile among comparable filings
Details
- Where the money goes: 0.1% of revenue deployed · 0.1% of spending went to programs
- Governance: 5 of 5 board members independent · 8 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $7K in reported program spending
- Leadership: top reported pay $206K · 12 people listed · 0 of 6 pay-setting controls reported
- Consistency: 43 of 43 current checks pass
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 16 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 9 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.
- 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.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Liabilities to assets ratio scored 8/100.
- Moderate — Sustainability: Officer compensation ratio scored 37/100.