Wallace Stegner Academy

Nonprofit profile at a glance

EIN
473210780
IRS 990 coverage
2016–2024
Forms available
Form 990 2024
Location
Salt Lake City, UT, USA
Phone
8014569570
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Charter Schools

Official website

Reported finances

Revenue
$28,057,475
Expenses
$26,109,780
Assets
$66,695,202
Liabilities
$59,897,168

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

Leadership & pay

5 people listed

Executive titles in this filing

  • SARAH VAUGHAN (PRESIDENT)

People named in this filing

  • SARAH VAUGHAN (PRESIDENT)
  • ANTONIO FURANO (TREASURER)
  • JEREMY SCHOW (SECRETARY)

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

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

Overview

Mission

Wallace stegner academy is a rigorous college preparatory charter school designed to prepare students for their future careers as high school students, university students, and beyond.

What it reported doing in 2024

Wallace stegner academy will foster a community of academic rigor and citizenship through its school-wide culture, and civic-based community involvement. Our vision is to create a school that will provide a critical and reliable alternative to mainstream education, especially for english learners and students who struggle in a typical classroom environment. The majority of the school's student population will read at grade level, deploy academic languge proficiently, and demonstrate developmentally proficient skills in writing and mathematics.

Operating model

Revenue model
Grant-funded. 90% of the money available for current operations came from government grants.
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

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 67
  • Transparency & Controls: 92
  • Accountability: 88
  • Sustainability: 61
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 73.9%; rating input score 74
  • Program expense ratio: 78.9%; rating input score 79
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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; 66th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 6.9%; rating input score 60; 60th percentile among comparable filings
  • Total-asset coverage ratio: 2.55; rating input score 70; 70th percentile among comparable filings
  • Liabilities to assets ratio: 0.9; rating input score 10; 10th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 96; 96th percentile among comparable filings

Growth

  • Program expense growth: 26.3% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: 25.3% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 24.1% per year; rating input score 100; 93rd percentile among comparable filings

Details

  • Where the money goes: 73.9% of revenue deployed · 78.9% of spending went to programs
  • Governance: 5 of 5 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $20.6M in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Highest-paid contractors: 2 contractors listed · $2M reported
  • Consistency: 26 of 26 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 9 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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.

Key Signals

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

  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Sustainability: Liabilities to assets ratio scored 10/100.