Utah Advanced Materials Manufacturing Initiative
EIN: 813657193 · Salt Lake Cty, UT · NTEE: S41
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $2.2M |
| Net Assets | $197K |
Is Utah Advanced Materials Manufacturing Initiative Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Utah Advanced Materials Manufacturing Initiative
Utah Advanced Materials Manufacturing Initiative (EIN: 813657193) is a nonprofit organization based in Salt Lake Cty, UT, classified under NTEE code S41. The organization reported total revenue of $1.5M and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Utah Advanced Materials Manufacturing Initiative's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Utah Advanced Materials Manufacturing Initiative is a mid-size nonprofit that has been operating for 9 years, with 7 years of IRS 990 filings on record (2016–2022). Revenue has grown at a compound annual rate of 11.8%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $2.2M |
| Surplus / Deficit | $-253,402 |
| Total Assets | $406K |
| Total Liabilities | $210K |
| Net Assets | $197K |
| Operating Margin | -13.0% |
| Debt-to-Asset Ratio | 51.6% |
| Months of Reserves | 2.2 months |
Financial Health Grade: D
In 2022, Utah Advanced Materials Manufacturing Initiative reported a deficit of $253K with expenses exceeding revenue, holds 2.2 months of operating reserves (limited), has a debt-to-asset ratio of 51.6% (high leverage).
Financial Trends
Over 7 years of filings (2016–2022), Utah Advanced Materials Manufacturing Initiative's revenue has grown at a compound annual growth rate (CAGR) of 11.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +1.9% | +9.4% | -26.5% |
| 2021 | +40.3% | +46.0% | -18.0% |
| 2020 | +23.7% | -8.4% | +1.3% |
| 2019 | +323.6% | +80.9% | -35.2% |
| 2018 | -74.1% | +80.8% | -34.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Utah Advanced Materials Manufacturing Initiative has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Utah Advanced Materials Manufacturing Initiative with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $253K, with expenses exceeding revenue.
- Debt-to-asset ratio: 51.6%.
Frequently Asked Questions about Utah Advanced Materials Manufacturing Initiative
Is Utah Advanced Materials Manufacturing Initiative a legitimate charity?
Based on AI analysis of IRS 990 filings, Utah Advanced Materials Manufacturing Initiative (EIN: 813657193) insufficient data. 0 red flags identified, 0 strengths noted.
How does Utah Advanced Materials Manufacturing Initiative spend its money?
Detailed spending breakdown data is not yet available for Utah Advanced Materials Manufacturing Initiative. Check back for updated IRS 990 analysis.
Are donations to Utah Advanced Materials Manufacturing Initiative tax-deductible?
Utah Advanced Materials Manufacturing Initiative is registered as a tax-exempt nonprofit (EIN: 813657193). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Utah Advanced Materials Manufacturing Initiative located?
Utah Advanced Materials Manufacturing Initiative is headquartered in Salt Lake Cty, Utah and files with the IRS under EIN 813657193. It is classified under NTEE code S41.
How many years of IRS 990 filings does Utah Advanced Materials Manufacturing Initiative have?
Utah Advanced Materials Manufacturing Initiative has 7 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 $1.5M in total revenue.
Filing History
IRS 990 filing history for Utah Advanced Materials Manufacturing Initiative showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2016–2022), Utah Advanced Materials Manufacturing Initiative's revenue has grown by 94.9%, moving from $1.0M to $1.9M. Total assets decreased by 59.3% over the same period, from $997K to $406K. Total functional expenses rose by 28412%, from $8K to $2.2M. In its most recent filing year (2022), Utah Advanced Materials Manufacturing Initiative reported a deficit of $253K, with expenses exceeding revenue. The organization holds $210K in liabilities against $406K in assets (debt-to-asset ratio: 51.6%), resulting in net assets of $197K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $1.9M | $2.2M | $406K | $210K | — | View 990 |
| 2021 | $1.9M | $2.0M | $553K | $103K | — | View 990 |
| 2020 | $1.4M | $1.4M | $674K | $124K | — | View 990 |
| 2019 | $1.1M | $1.5M | $665K | $101K | — | — |
| 2018 | $260K | $832K | $1.0M | $60K | — | View 990 |
| 2017 | $1.0M | $460K | $1.6M | $32K | — | View 990 |
| 2016 | $1.0M | $8K | $997K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $1.9M, expenses of $2.2M, and assets of $406K (revenue +1.9% year-over-year).
- 2021: Revenue of $1.9M, expenses of $2.0M, and assets of $553K (revenue +40.3% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.4M, and assets of $674K (revenue +23.7% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.5M, and assets of $665K (revenue +323.6% year-over-year).
- 2018: Revenue of $260K, expenses of $832K, and assets of $1.0M (revenue -74.1% year-over-year).
- 2017: Revenue of $1.0M, expenses of $460K, and assets of $1.6M (revenue +0.5% year-over-year).
- 2016: Revenue of $1.0M, expenses of $8K, and assets of $997K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Utah Advanced Materials Manufacturing Initiative:
Data Sources and Methodology
This transparency report for Utah Advanced Materials Manufacturing Initiative 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.