Is Timpanogos Valley Theater Company Legit?

Timpanogos Valley Theater Company demonstrates a generally healthy financial position with consistent growth in assets and revenue over the past five years. The organization has maintained zero liabilities across all reported periods, indicating strong financial management and a lack of debt. Their revenue has fluctuated, peaking at $235,216 in 2022 and settling at $105,975 in 2023, but expenses have consistently remained below revenue, allowing for asset accumulation from $13,676 in 2019 to $164,695 in 2023. This trend suggests a sustainable operational model. The organization's spending efficiency appears strong, as evidenced by the consistent surplus of revenue over expenses. For example, in 2023, they spent $97,667 against $105,975 in revenue, and in 2022, $135,373 against $235,216. A significant positive indicator is the reported 0% officer compensation across all filings, which suggests that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, potentially maximizing funds for programmatic activities. This also contributes positively to transparency regarding how donor funds are utilized. Overall, Timpanogos Valley Theater Company exhibits good financial health, efficient spending practices, and a high degree of transparency, particularly concerning executive compensation. The consistent growth in assets without incurring liabilities, coupled with a clear operational surplus, positions them as a financially sound nonprofit. Their commitment to the arts in Heber, UT, appears well-supported by their financial management.