Utah Assistive Technology Foundation EIN 87-0518823 Form 990 (PDF) Claim this org

Utah Assistive Technology Foundation

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Helps people get assistive technology to improve their lives. For fiscal year 2024 it reported $134K in revenue, $130K in expenses, and $2.4M in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Logan, UT
Filings
5 on file (2020–2024)
Revenue
$134KFY2024
Expenses
$130K
Net assets
$2.4M
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  87-0518823 Public charity (501(c)(3)) Logan, UT
Form 990 (PDF)
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Size
$100K–1M
What they do
Helps people get assistive technology to improve their lives.
Leadership
Penny McMahon · Director
Money in and out
$134K revenue, $130K expenses
Bottom line
86% program efficiency
Where the money goes · FY2024
Total revenue
$134K
Pt VIII · Ln 12
Total expenses
$130K
Pt IX · Ln 25
Net assets
$2.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $4K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.14
Program efficiency
86%
of spending reaches programs+0.5% vs prior filing year
Operating runway
221.3mo
months of highly liquid reserves at operating expense rate▲ +1% vs prior filing year
Surplus margin
+3%
revenue over expenses, this year▲ +475% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$134K
FY2024▲ +2%
Expenses
$130K
FY2024▼ -0.8%
Total assets
$2.4M
FY2024+0.2%
Total liabilities
$825
FY2024▲ +131%
Total revenue
$134K
Pt VIII · Ln 12
Total expenses
$130K
Pt IX · Ln 25
Net assets
$2.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$4K
Total assetsPt X · Ln 16$2.4M
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CUtah Assistive Technology Foundation
EINHdr · item D87-0518823
Principal addressHdr · item CLogan, UT
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MUT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P99Z)
Ruling yearIRS BMFMay 1994

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $111K of program spending, described in the organization's own filed words · FY2024.
01

Assist individuals in receiving assistive technology

$111Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$93K · 69%
Investment income$41K · 31%
Contributions & grants69%$93K
Investment income31%$41K
— government grantsLn 1e$30K
Total revenueLn 12$134K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.14
Program services86%$111K
Management & general14%$19K
Total functional expensesLn 25$130K

Balance Sheet

Part X · end of year
CashLn 1$2.4M
Total assetsLn 16$2.4M
Total liabilitiesLn 26$825
Total net assetsLn 32$2.4M
Months of cash on handcomputed221.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.4M · Operating expenses/yr $130K
221.3 months
Where the money goes
Program services
Program services $111K · Total expenses $130K
86%
Management & General
Management & general $19K · Total expenses $130K
14%
Fundraising
Fundraising $0 · Total expenses $130K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $364 · Solicited contributions (3-yr avg) $60K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $93K · Total revenue $134K
69%
Government reliance
Government grants $30K · Total revenue $134K
22%
Earned-income share
Program service revenue $0 · Total revenue $134K
0%
Investment reliance
Investment income $41K · Total revenue $134K
+31%
Program self-sufficiency
Program service revenue $0 · Total expenses $130K
0%
Growth & trend
Revenue growth (YoY)
This year $134K · Prior year $132K
+2%
Revenue CAGR
FY2020 $307K · FY2024 $134K
-19%
Net-asset trend (YoY)
End of year $2.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $134K · Expenses $130K
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $2.4M
Net-asset ratio
Net assets $2.4M · Total assets $2.4M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $2.4M
0%
People & payroll
Highest Reported Total Compensation
Individual Penny McMahon · Reported title Director · Highest reported compensation $0 · Total expenses $130K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $55K · Total expenses $130K
42%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 14%
Fundraising cost ratio 0%
Revenue growth 2%
Investment management fee ratio 0.7%
Legal fee ratio 0%
Accounting fee ratio 1%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$134K revenue · viewing · ⤓ 990 PDF
FY2023$132K revenue · ⤓ 990 PDF
FY2022$125K revenue · ⤓ 990 PDF
FY2021$236K revenue · ⤓ 990 PDF
FY2020$307K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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