Wasatch Business Finance Inc
EIN: 851979409 · Salt Lake City, UT · NTEE: S30
| Metric | Value |
|---|---|
| Total Revenue | $99K |
| Total Expenses | $278K |
| Net Assets | $97K |
Is Wasatch Business Finance Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Wasatch Business Finance Inc
Wasatch Business Finance Inc (EIN: 851979409) is a nonprofit organization based in Salt Lake City, UT, classified under NTEE code S30. The organization reported total revenue of $99K and total assets of $111K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wasatch Business Finance Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wasatch Business Finance Inc is a micro nonprofit that has been operating for 5 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -80.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $99K |
| Total Expenses | $278K |
| Surplus / Deficit | $-179,593 |
| Total Assets | $111K |
| Total Liabilities | $14K |
| Net Assets | $97K |
| Operating Margin | -181.9% |
| Debt-to-Asset Ratio | 12.7% |
| Months of Reserves | 4.8 months |
Financial Health Grade: B
In 2023, Wasatch Business Finance Inc reported a deficit of $180K with expenses exceeding revenue, holds 4.8 months of operating reserves (adequate), has a debt-to-asset ratio of 12.7% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Wasatch Business Finance Inc's revenue has declined at a compound annual growth rate (CAGR) of -80.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -80.6% | +18.4% | -63.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Wasatch Business Finance Inc 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 Wasatch Business Finance Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $180K, with expenses exceeding revenue.
- Debt-to-asset ratio: 12.7%.
Frequently Asked Questions about Wasatch Business Finance Inc
Is Wasatch Business Finance Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wasatch Business Finance Inc (EIN: 851979409) insufficient data. 0 red flags identified, 0 strengths noted.
How does Wasatch Business Finance Inc spend its money?
Detailed spending breakdown data is not yet available for Wasatch Business Finance Inc. Check back for updated IRS 990 analysis.
Are donations to Wasatch Business Finance Inc tax-deductible?
Wasatch Business Finance Inc is registered as a tax-exempt nonprofit (EIN: 851979409). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Wasatch Business Finance Inc located?
Wasatch Business Finance Inc is headquartered in Salt Lake City, Utah and files with the IRS under EIN 851979409. It is classified under NTEE code S30.
How many years of IRS 990 filings does Wasatch Business Finance Inc have?
Wasatch Business Finance Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $99K in total revenue.
Filing History
IRS 990 filing history for Wasatch Business Finance Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Wasatch Business Finance Inc's revenue has declined by 80.6%, moving from $510K to $99K. Total assets decreased by 63.6% over the same period, from $303K to $111K. Total functional expenses rose by 18.4%, from $235K to $278K. In its most recent filing year (2023), Wasatch Business Finance Inc reported a deficit of $180K, with expenses exceeding revenue. The organization holds $14K in liabilities against $111K in assets (debt-to-asset ratio: 12.7%), resulting in net assets of $97K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $99K | $278K | $111K | $14K | — | View 990 |
| 2022 | $510K | $235K | $303K | $29K | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wasatch Business Finance Inc:
Data Sources and Methodology
This transparency report for Wasatch Business Finance Inc 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.