Utah Tech Leads Association
Nonprofit profile at a glance
- EIN
- 874496132
- IRS 990 coverage
- 2022–2022
- Forms available
- Form 990 2022
- Location
- Salt Lake City, UT, USA
- Phone
- 8018357087
- Rating confidence
- Limited
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $251,663
- Expenses
- $413,135
- Assets
- $18,273
- Liabilities
- $179,745
Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
2 people listed
Executive titles in this filing
- SUNNY WASHINGTON (PRESIDENT & CEO)
Highest reported compensation
- SUNNY WASHINGTON (PRESIDENT & CEO): $113,750 total reported compensation
- ELIZABETH CONVERSE - SECRETARY (TREASURER & EXEC. DIRECTOR): $110,833 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote the common interests of those entities and persons, including entrepreneurs and startup companies, involved in the technology industry within the state of Utah.
What it reported doing in 2022
Utl held monthly sessions with members and representatives from tech companies to meet with legislators, understand legislation that would impact them or their workforce, and also get insight from the tech industry.utl also held a "tech day on the hill" that would connect tech industry people to shadow a local legislator during the session. It gave them opportunities to build 1:1 relationships with each other while also giving our members the opportunity to see first hand the process of how legislation is done.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 92
- Accountability: 72
- Sustainability: 3
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 9 controls in place; rating input score 33
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -64.2%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 0.04; rating input score 3; 3rd percentile among comparable filings
- Liabilities to assets ratio: 9.84; rating input score 0; 0th percentile among comparable filings
- Officer compensation ratio: 54.4%; rating input score 3; 3rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 3 of 3 board members independent · 3 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $114K · 2 people listed
- Consistency: 10 of 10 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Contacts: How to reach this organization
- Money network: 2 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.
- Moderate — Accountability: Governance controls: 5 of 8 not reported.
- High — Sustainability: Operating margin scored 4/100.
- High — Sustainability: Total-asset coverage ratio scored 3/100.
- High — Sustainability: Liabilities to assets ratio scored 0/100.
- High — Sustainability: Officer compensation ratio scored 3/100.