Civic Intelligence

Triumph Academy Inc.

990 • Fiscal year 2023 • EIN 32-0108413

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 19, 2024

Organization ProfileWWW.TRIUMPHACADEMY.ORG

Refreshing map…

62 South 950 WestBrigham City, UT 84302

(435) 538-5063

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

86th percentile

0.56x

Higher debt load relative to assets than 86% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

67th percentile

0.23x

Higher debt load relative to revenue than 67% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

25th percentile

-8.1%

Higher net margin than 25% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

9th percentile

-16%

Faster asset growth than 9% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

11th percentile

-34%

Faster revenue growth than 11% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets86th percentile

Assets

Down

$416,561

Down $78,232 (-16%) from 2022

Net Assets

Down

$184,396

Down $80,912 (-30%) from 2022

Liabilities

Up

$232,165

Up $2,680 (+1.2%) from 2022

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin25th percentile

Revenue

Down

$1,022,142

Down $530,331 (-34%) from 2022

Expenses

Down

$1,105,362

Down $395,670 (-26%) from 2022

Net Income

Down

-$83,220

Down $134,661 (-262%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth9th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2013: $29,674Liabilities 2013: $0Net Assets 2013: $29,6742013Assets 2014: $98,887Liabilities 2014: $0Net Assets 2014: $98,8872014Assets 2015: $67,629Liabilities 2015: $0Net Assets 2015: $67,6292015Assets 2016: $140,711Liabilities 2016: $83,254Net Assets 2016: $57,4572016Assets 2017: $231,387Liabilities 2017: $132,894Net Assets 2017: $98,4932017Assets 2020: $494,763Liabilities 2020: $240,852Net Assets 2020: $253,9112020Assets 2021: $458,476Liabilities 2021: $244,609Net Assets 2021: $213,8672021Assets 2022: $494,793Liabilities 2022: $229,485Net Assets 2022: $265,3082022Assets 2023: $416,561Liabilities 2023: $232,165Net Assets 2023: $184,3962023Assets 2024: $500,501Liabilities 2024: $323,279Net Assets 2024: $177,2222024

Highlighted filing

2023

Assets$416,561
Liabilities$232,165
Net Assets$184,396
Open 2023 Filing

Operations Trend

Revenue Growth11th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2013: $248,513Expenses 2013: $287,066Net Income 2013: -$38,5532013Revenue 2014: $239,408Expenses 2014: $170,195Net Income 2014: $69,2132014Revenue 2015: $318,791Expenses 2015: $350,049Net Income 2015: -$31,2582015Revenue 2016: $419,337Expenses 2016: $420,383Net Income 2016: -$1,0462016Revenue 2017: $1,019,868Expenses 2017: $978,832Net Income 2017: $41,0362017Revenue 2020: $1,538,004Expenses 2020: $1,425,406Net Income 2020: $112,5982020Revenue 2021: $1,496,178Expenses 2021: $1,536,222Net Income 2021: -$40,0442021Revenue 2022: $1,552,473Expenses 2022: $1,501,032Net Income 2022: $51,4412022Revenue 2023: $1,022,142Expenses 2023: $1,105,362Net Income 2023: -$83,2202023Revenue 2024: $1,622,231Expenses 2024: $1,629,335Net Income 2024: -$7,1042024

Highlighted filing

2023

Revenue$1,022,142
Expenses$1,105,362
Net Income-$83,220
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 19, 2024
Return Version
2023v5.0
Gross Receipts
$1,024,641
Mission and Program Overview

Mission

Triumph academy, inc. (the organization) provides an individual education in which students with both academic and emotional needs can be served and thrive successfully.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$147,288$215,741▲ $68,453
Cash and Non-Interest-Bearing Accounts$324,507$188,617▼ $135,890
Land, Buildings, and Equipment, Net$16,579$12,203▼ $4,376
Inventories for Sale or Use$6,419--
Total Assets$494,793$416,561▼ $78,232
Liabilities
Accounts Payable and Accrued Expenses$229,485$232,165▲ $2,680
Total Liabilities$229,485$232,165▲ $2,680
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$264,808$184,396▼ $80,412
Net Assets With Donor Restrictions$500--
Total Net Assets Fund Balance$265,308$184,396▼ $80,912
Total Liabilities and Net Assets / Fund Balance$494,793$416,561▼ $78,232

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$12,203$45,259$57,462
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Sterling LymanPresident
Joette HaydenDirector
Don SalazarTrustee
Lee KilpackTrustee
Michelle YoungTreasurer
Bruce HumphriesVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$71,809
Program Service Revenue
$952,302
Investment Income
$-1,969
Other Revenue
$0
All Other Contributions
$71,809
Change in Net Assets
$-83,220
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$931,867
Salaries, Compensation, and Employee Benefits$173,495
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$159,523--$159,523
Travel$45,864--$45,864
All Other Expenses$34,971$7,603-$42,574
Payroll Taxes$13,972--$13,972
Other Expenses$12,913$34,721-$12,913
Advertising$10,413--$10,413
Depreciation Depletion$7,094--$7,094
Insurance$6,439--$6,439
Total Functional Expenses$1,063,038$42,324$0$1,105,362
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 9

“Sterling lyman 62 s 950 w brigham city, ut 84302 joette hayden 3838 w 1500 n cedar city, ut 84720 bruce humphries 62 s 950 w brigham city, ut 84302 michelle young 3650 kentucky dr west jordan, ut 84084 lee kilpack 550 n 200 w willard, ut 84340”

Form 990, Page 6, Part VI, Line 11B

“Each board member is provided a copy of the draft 990 for review. Questions are directed to the president. When all have approved the draft, the return is completed and filed.”

Form 990, Page 6, Part VI, Line 12C

“The policy is reviewed annually with board members and management.”

Form 990, Page 6, Part VI, Line 15B

“-”

Form 990, Page 6, Part VI, Line 19

“Documents and policies are available upon request”

Filing and Contact Details

Filer

Filer Name
Triumph Academy Inc
EIN
32-0108413
Phone
4355385063
Address
62 SOUTH 950 WEST, BRIGHAM CITY, UT 84302

Signing Officer

Name
Sterling Lyman
Title
President
Phone
3107760814
Signed
2024-08-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sterling Lyman
Formed
2003
Legal Domicile
Ut
Voting Board Members
2
Independent Board Members
0
Employees
3

Preparer

Firm
Acuity Business & Tax Advisors LLC
Address
2655 KIESEL AVE, OGDEN, UT 84401-3665
Preparer
Robert J East
Phone
3853334050
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Triumph academy, inc. (the organization) provides an individual education in which students with both academic and emotional needs can be served and thrive successfully.”

Form 990, Part XI, Line 9

“Book / tax depreciation difference 2,308”

Raw XML Appendix332 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0LOCAL NEWSPAPER ADS THAT RAN IN PRINT AND ON-LINE; ALONG WITH C ONTINUAL WEBSITE LISTING.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1ACADEMY DOES NOT CURRENTLY OFFER SCHOLARSHIPS
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TRIUMPH ACADEMY, INC. (THE ORGANIZATION) PROVIDES AN INDIVIDUAL EDUCATION IN WHICH STUDENTS WITH BOTH ACADEMIC AND EMOTIONAL NEEDS CAN BE SERVED AND THRIVE SUCCESSFULLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1STERLING LYMAN 62 S 950 W BRIGHAM CITY, UT 84302 JOETTE HAYDEN 3838 W 1500 N CEDAR CITY, UT 84720 BRUCE HUMPHRIES 62 S 950 W BRIGHAM CITY, UT 84302 MICHELLE YOUNG 3650 KENTUCKY DR WEST JORDAN, UT 84084 LEE KILPACK 550 N 200 W WILLARD, UT 84340
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH BOARD MEMBER IS PROVIDED A COPY OF THE DRAFT 990 FOR REVIEW. QUESTIONS ARE DIRECTED TO THE PRESIDENT. WHEN ALL HAVE APPROVED THE DRAFT, THE RETURN IS COMPLETED AND FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE POLICY IS REVIEWED ANNUALLY WITH BOARD MEMBERS AND MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4-
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENTS AND POLICIES ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BOOK / TAX DEPRECIATION DIFFERENCE 2,308
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0494793
IRS990/TotalAssetsEOYAmt0416561
IRS990/TotalAssetsGrp/BOYAmt0494793
IRS990/TotalAssetsGrp/EOYAmt0416561
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt071809
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt042324
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01063038
IRS990/TotalFunctionalExpensesGrp/TotalAmt01105362
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0229485
IRS990/TotalLiabilitiesEOYAmt0232165
IRS990/TotalLiabilitiesGrp/BOYAmt0229485
IRS990/TotalLiabilitiesGrp/EOYAmt0232165
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0265308
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0184396
IRS990/TotalOtherProgSrvcExpenseAmt01063038
IRS990/TotalProgramServiceExpensesAmt01063038
IRS990/TotalProgramServiceRevenueAmt0952302
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0950333
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01022142
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0494793
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0416561
IRS990/TravelGrp/ProgramServicesAmt045864
IRS990/TravelGrp/TotalAmt045864
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt062 S 950 W
IRS990/USAddress/CityNm0BRIGHAM CITY
IRS990/USAddress/StateAbbreviationCd0UT
IRS990/USAddress/ZIPCd084302
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.TRIUMPHACADEMY.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STERLING LYMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03107760814
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-08-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TRIUMPH ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0TRIU
ReturnHeader/Filer/EIN0320108413
ReturnHeader/Filer/PhoneNum04355385063
ReturnHeader/Filer/USAddress/AddressLine1Txt062 SOUTH 950 WEST
ReturnHeader/Filer/USAddress/CityNm0BRIGHAM CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0UT
ReturnHeader/Filer/USAddress/ZIPCd084302
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0463779580
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ACUITY BUSINESS & TAX ADVISORS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02655 KIESEL AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OGDEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0UT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0844013665
ReturnHeader/PreparerPersonGrp/PhoneNum03853334050
ReturnHeader/PreparerPersonGrp/PreparationDt02024-08-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT J EAST
ReturnHeader/ReturnTs02024-08-19T12:10:29-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$416,561
Liabilities
$232,165
Net assets
$184,396
Revenue
$1,022,142
Expenses
$1,105,362
Net income
-$83,220
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.32$0.18$1.62$1.63$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.42$0.23$0.18$1.02$1.11$0.08
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.49$0.23$0.27$1.55$1.50$0.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.46$0.24$0.21$1.50$1.54$0.04
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.49$0.24$0.25$1.54$1.43$0.11
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.23$0.13$0.10$1.02$0.98$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.14$0.08$0.06$0.42$0.42$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$0.32$0.35$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.24$0.17$0.07
2013Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.25$0.29$0.04