Salt Lake Figure Skating
Salt Lake Figure Skating maintains stable assets and no executive compensation despite volatile revenues.
EIN: 20715508 · Salt Lake Cty, UT · NTEE: N67 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $83K |
| Total Expenses | $103K |
| Program Spending | 85% |
| Net Assets | $259K |
| Transparency Score | 90/100 |
Is Salt Lake Figure Skating Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Salt Lake Figure Skating directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Salt Lake Figure Skating
Salt Lake Figure Skating (EIN: 20715508) is a nonprofit organization based in Salt Lake Cty, UT, classified under NTEE code N67. The organization reported total revenue of $83K and total assets of $271K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Salt Lake Figure Skating's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Salt Lake Figure Skating is a micro nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -0.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $116K |
| Total Expenses | $103K |
| Surplus / Deficit | +$13K |
| Total Assets | $262K |
| Total Liabilities | $3K |
| Net Assets | $259K |
| Operating Margin | 11.3% |
| Debt-to-Asset Ratio | 1.2% |
| Months of Reserves | 30.7 months |
Financial Health Grade: A
In 2024, Salt Lake Figure Skating reported a surplus of $13K with revenue exceeding expenses, holds 30.7 months of operating reserves (strong position), has a debt-to-asset ratio of 1.2% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Salt Lake Figure Skating's revenue has declined at a compound annual growth rate (CAGR) of -0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -54.1% | -54.3% | +5.2% |
| 2023 | +4221.3% | +499.8% | +12.3% |
| 2022 | -77.6% | +128.3% | -17.8% |
| 2021 | -83.5% | -90.0% | +12.6% |
| 2020 | -53.7% | -49.9% | -2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Salt Lake Figure Skating with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Salt Lake Figure Skating allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $13K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly commendable for a nonprofit of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Salt Lake Figure Skating's IRS 990 filings:
- Significant year-to-year revenue volatility, making long-term financial planning potentially challenging (e.g., $251,845 in 2023 vs. $5,828 in 2022).
Strengths
The following positive indicators were identified for Salt Lake Figure Skating:
- Consistent 0% officer compensation, indicating all funds are directed towards the mission.
- Healthy and growing asset base, increasing from $172,524 in 2015 to $262,463 in 2024.
- Minimal liabilities, demonstrating strong financial solvency and low debt.
- Generally operates with a surplus, indicating effective expense management (e.g., $115,698 revenue vs. $102,635 expenses in 2024).
- Consistent IRS 990 filing history over 13 periods, showing commitment to transparency.
Frequently Asked Questions about Salt Lake Figure Skating
Is Salt Lake Figure Skating a legitimate charity?
Based on AI analysis of IRS 990 filings, Salt Lake Figure Skating (EIN: 20715508) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Salt Lake Figure Skating spend its money?
Salt Lake Figure Skating directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Salt Lake Figure Skating tax-deductible?
Salt Lake Figure Skating is registered as a tax-exempt nonprofit (EIN: 20715508). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Salt Lake Figure Skating's spending goes to programs?
Salt Lake Figure Skating directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Salt Lake Figure Skating compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Salt Lake Figure Skating is above average for NTEE category N67 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Salt Lake Figure Skating located?
Salt Lake Figure Skating is headquartered in Salt Lake Cty, Utah and files with the IRS under EIN 20715508. It is classified under NTEE code N67.
How many years of IRS 990 filings does Salt Lake Figure Skating have?
Salt Lake Figure Skating has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $83K in total revenue.
Is Salt Lake Figure Skating a good charity?
Based on the provided data, Salt Lake Figure Skating appears to be a good charity. It consistently reports 0% officer compensation, maintains a healthy asset base ($262,463 in 2024), and generally operates with a surplus, indicating efficient financial management and a strong commitment to its mission.
How has Salt Lake Figure Skating's revenue changed over time?
Salt Lake Figure Skating's revenue has been highly volatile. It saw a peak of $340,697 in 2019, a significant drop to $5,828 in 2022, and then rebounded to $251,845 in 2023 before settling at $115,698 in 2024.
What is the organization's asset-to-liability ratio?
The organization maintains a very strong asset-to-liability ratio. For example, in 2024, assets were $262,463 while liabilities were only $3,100, indicating excellent financial solvency.
Filing History
IRS 990 filing history for Salt Lake Figure Skating showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Salt Lake Figure Skating's revenue has declined by 5%, moving from $122K to $116K. Total assets increased by 61.9% over the same period, from $162K to $262K. Total functional expenses fell by 3.5%, from $106K to $103K. In its most recent filing year (2024), Salt Lake Figure Skating reported a surplus of $13K, with revenue exceeding expenses. The organization holds $3K in liabilities against $262K in assets (debt-to-asset ratio: 1.2%), resulting in net assets of $259K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $116K | $103K | $262K | $3K | — | — |
| 2023 | $252K | $225K | $249K | $3K | — | View 990 |
| 2022 | $6K | $37K | $222K | $3K | — | View 990 |
| 2021 | $26K | $16K | $270K | $3K | — | View 990 |
| 2020 | $158K | $163K | $240K | $3K | — | View 990 |
| 2019 | $341K | $326K | $247K | $4K | — | View 990 |
| 2018 | $184K | $169K | $228K | $0 | — | View 990 |
| 2017 | $179K | $155K | $209K | $0 | — | View 990 |
| 2016 | $92K | $87K | $181K | $0 | — | View 990 |
| 2015 | $245K | $240K | $173K | $0 | — | — |
| 2014 | $52K | $52K | $170K | $0 | — | View 990 |
| 2013 | $51K | $47K | $163K | $0 | — | View 990 |
| 2012 | $122K | $106K | $162K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $116K, expenses of $103K, and assets of $262K (revenue -54.1% year-over-year).
- 2023: Revenue of $252K, expenses of $225K, and assets of $249K (revenue +4221.3% year-over-year).
- 2022: Revenue of $6K, expenses of $37K, and assets of $222K (revenue -77.6% year-over-year).
- 2021: Revenue of $26K, expenses of $16K, and assets of $270K (revenue -83.5% year-over-year).
- 2020: Revenue of $158K, expenses of $163K, and assets of $240K (revenue -53.7% year-over-year).
- 2019: Revenue of $341K, expenses of $326K, and assets of $247K (revenue +85.4% year-over-year).
- 2018: Revenue of $184K, expenses of $169K, and assets of $228K (revenue +2.4% year-over-year).
- 2017: Revenue of $179K, expenses of $155K, and assets of $209K (revenue +95.8% year-over-year).
- 2016: Revenue of $92K, expenses of $87K, and assets of $181K (revenue -62.6% year-over-year).
- 2015: Revenue of $245K, expenses of $240K, and assets of $173K (revenue +372.4% year-over-year).
- 2014: Revenue of $52K, expenses of $52K, and assets of $170K (revenue +2.1% year-over-year).
- 2013: Revenue of $51K, expenses of $47K, and assets of $163K (revenue -58.3% year-over-year).
- 2012: Revenue of $122K, expenses of $106K, and assets of $162K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Salt Lake Figure Skating:
Data Sources and Methodology
This transparency report for Salt Lake Figure Skating is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.