Civic Intelligence

Athlos Academy of Utah

EIN 47-3279126 • 501(c)3 • Herriman, UT

Profile

Athlos academy of utah empowers students to live fulfilling, responsible, and successful lives by building on the three foundational pillars of prepared mind, healthy body, and performance character.

12309 S Mustang Trail WayHerriman, UT 84096

www.athlosutah.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

97th percentile

1.34x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

92nd percentile

3.42x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

42nd percentile

1.6%

Higher net margin than 42% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

15th percentile

$0

Higher top officer pay than 15% of similar nonprofits.

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

501(c)3 • $10M-$25M nonprofits • Source year 2025

Asset Growth

25th percentile

-2.4%

Faster asset growth than 25% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

68th percentile

18%

Faster revenue growth than 68% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Assets

Down

$16,648,526

Down $402,007 (-2.4%) from 2024

Liabilities

Down

$22,269,462

Down $506,103 (-2.2%) from 2024

Net Assets

Up

-$5,620,936

Up $104,096 (+1.8%) from 2024

Revenue

Up

$6,507,999

Up $980,595 (+18%) from 2024

Expenses

Up

$6,403,903

Up $562,932 (+9.6%) from 2024

Net Income

Up

$104,096

Up $417,663 (+133%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0-$10MAssets 2016: $131,455Liabilities 2016: $20,202Net Assets 2016: $111,2532016Assets 2017: $22,964,387Liabilities 2017: $22,876,760Net Assets 2017: $87,6272017Assets 2018: $21,970,391Liabilities 2018: $23,053,384Net Assets 2018: -$1,082,9932018Assets 2019: $20,524,002Liabilities 2019: $22,341,199Net Assets 2019: -$1,817,1972019Assets 2020: $19,656,827Liabilities 2020: $22,080,311Net Assets 2020: -$2,423,4842020Assets 2021: $18,804,106Liabilities 2021: $22,444,045Net Assets 2021: -$3,639,9392021Assets 2022: $18,074,757Liabilities 2022: $22,622,207Net Assets 2022: -$4,547,4502022Assets 2023: $17,239,667Liabilities 2023: $22,651,132Net Assets 2023: -$5,411,4652023Assets 2024: $17,050,533Liabilities 2024: $22,775,565Net Assets 2024: -$5,725,0322024Assets 2025: $16,648,526Liabilities 2025: $22,269,462Net Assets 2025: -$5,620,9362025

Highlighted filing

2025

Assets$16,648,526
Liabilities$22,269,462
Net Assets-$5,620,936

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2016: $124,386Expenses 2016: $13,133Net Income 2016: $111,2532016Revenue 2017: $5,517,535Expenses 2017: $5,541,161Net Income 2017: -$23,6262017Revenue 2018: $6,182,984Expenses 2018: $7,353,604Net Income 2018: -$1,170,6202018Revenue 2019: $6,897,975Expenses 2019: $7,632,179Net Income 2019: -$734,2042019Revenue 2020: $7,330,594Expenses 2020: $7,936,891Net Income 2020: -$606,2972020Revenue 2021: $6,447,341Expenses 2021: $7,663,796Net Income 2021: -$1,216,4552021Revenue 2022: $5,619,201Expenses 2022: $6,526,712Net Income 2022: -$907,5112022Revenue 2023: $5,301,919Expenses 2023: $6,165,934Net Income 2023: -$864,0152023Revenue 2024: $5,527,404Expenses 2024: $5,840,971Net Income 2024: -$313,5672024Revenue 2025: $6,507,999Expenses 2025: $6,403,903Net Income 2025: $104,0962025

Highlighted filing

2025

Revenue$6,507,999
Expenses$6,403,903
Net Income$104,096

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Jan 30, 2026
Return Version
2024v5.5
Gross Receipts
$6,507,999
Mission and Program Overview

Mission

To provide educaitonal services to students in the Salt Lake County area as a public charter school, to support education initiatives, and to help prepare students to be successful in life by developing healthy lifestyle habits abd by providing a complete educational foundation.

Building on the Three Foundation Pillars of Prepared Mind, Healthy Body, and Performance Character.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$16,141,203$15,769,494▼ $371,709
Cash and Non-Interest-Bearing Accounts$784,295$745,462▼ $38,833
Accounts Receivable$113,653--
Pledges and Grants Receivable-$76,562-
Prepaid Expenses and Deferred Charges$11,049$56,675▲ $45,626
Savings and Temporary Cash Investments$333$333→ $0
Total Assets$17,050,533$16,648,526▼ $402,007
Liabilities
Mortgage Notes Payable Secured by Investment Property$21,687,211$21,566,923▼ $120,288
Accounts Payable and Accrued Expenses$1,088,354$702,539▼ $385,815
Total Liabilities$22,775,565$22,269,462▼ $506,103
Net Assets / Fund Balance
Net Assets With Donor Restrictions$738,175$530,787▼ $207,388
Net Assets Without Donor Restrictions$-6,463,207$-6,151,723▲ $311,484
Total Net Assets Fund Balance$-5,725,032$-5,620,936▲ $104,096
Total Liabilities and Net Assets / Fund Balance$17,050,533$16,648,526▼ $402,007

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$14,613,538$1,670,119$16,283,657
Land$1,092,000-$1,092,000
Equipment$63,486$132,698$196,184
Other Land Buildings$470-$470
Compensation and Service Providers

Board Members and Trustees

NameTitle
Lori AguilarBoard Chair
Ashley SantanillaBoard Member
David WalstonBoard Member
Denise ChristensenBoard Member
Tay TonozziBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
School Model Support LLCManagement services918 W Idaho St, Boise, ID 83702$352,841
Revenue and Support

Revenue Composition

Contributions and Grants
$6,263,393
Program Service Revenue
$133,173
Investment Income
$0
Other Revenue
$111,433
All Other Contributions
$353,622
Change in Net Assets
$104,096

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,507,999
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$6,507,999
Total Revenue per Form 990
$6,507,999
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,544,849
Salaries, Compensation, and Employee Benefits$2,859,054
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,354,098$55,419-$2,409,517
Interest$1,720,295--$1,720,295
Depreciation Depletion$451,066--$451,066
Fees for Services Management-$368,000-$368,000
Fees for Services Other$255,504$1,284-$256,788
Other Employee Benefits$245,759$4,285-$250,044
Payroll Taxes$172,577$3,522-$176,099
Occupancy$156,438--$156,438
Fees for Services Accounting-$112,402-$112,402
Fees for Services Legal-$46,016-$46,016
Insurance$35,777--$35,777
Pension Plan Contributions$23,277$117-$23,394
Other Expenses$22,505--$22,505
All Other Expenses$13,084--$13,084
Advertising$7,040--$7,040
Office Expenses$5,874--$5,874
Travel$4,853--$4,853
Conferences and Meetings$1,800--$1,800
Total Functional Expenses$5,812,858$591,045$0$6,403,903

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,403,903
Total Expenses per Audited Statements$6,403,903
Total Expenses per Form 990$6,403,903
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Audit committee
Yes
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

School Model Support, LLC (Athlos Academies) performs most management duties.

Form 990, Part VI, Section B, line 11B

Board reviews Form 990 prior to filing.

Form 990, Part VI, Section B, line 12C

Conflict of interest policy is annually reviewed and signed by board members. Policy requires disclosure of conflicts as they arise during the conduct of Board business. If a conflict occurs, the respective Board member would recuse themselves form voting.

Form 990, Part VI, Section C, line 19

Governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Athlos Academy of Utah
EIN
47-3279126
Phone
8014384619
Address
12309 S Mustang Trail Way, Herriman, UT 84096

Signing Officer

Name
Lori Aguilar
Title
Board Chair
Phone
8014384619
Signed
2026-01-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lori Aguilar
Formed
2014
Legal Domicile
Ut
Voting Board Members
5
Independent Board Members
5
Employees
91
Volunteers
0

Preparer

Firm
Squire & Company PC
Address
1329 S 800 E, Orem, UT 84097
Preparer
M Paul Winward
Phone
8012256900
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt014613538
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01670119
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt016283657
IRS990ScheduleD/EquipmentGrp/BookValueAmt063486
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0132698
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0196184
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06403903
IRS990ScheduleD/LandGrp/BookValueAmt01092000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01092000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0470
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0470
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06507999
IRS990ScheduleD/TotalBookValueLandBuildingsAmt015769494
IRS990ScheduleD/TotalExpensesPerForm990Amt06403903
IRS990ScheduleD/TotalRevenuePerForm990Amt06507999
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06507999
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06403903
IRS990ScheduleE/ComplianceWithRevProc7550Ind00
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd00
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd00
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0This organization is excused from formal compliance with Rev. Proc. 75-50 as long as the school's charter with the State of Utah remains in effect.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The organization receives state and federal grants to operate.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0School Model Support, LLC (Athlos Academies) performs most management duties.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board reviews Form 990 prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Conflict of interest policy is annually reviewed and signed by board members. Policy requires disclosure of conflicts as they arise during the conduct of Board business. If a conflict occurs, the respective Board member would recuse themselves form voting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Governing documents are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt016648526
IRS990/TotalAssetsGrp/BOYAmt017050533
IRS990/TotalAssetsGrp/EOYAmt016648526
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt06263393
IRS990/TotalEmployeeCnt091
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0591045
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05812858
IRS990/TotalFunctionalExpensesGrp/TotalAmt06403903
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt022775565
IRS990/TotalLiabilitiesEOYAmt022269462
IRS990/TotalLiabilitiesGrp/BOYAmt022775565
IRS990/TotalLiabilitiesGrp/EOYAmt022269462
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-5725032
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-5620936
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt05812858
IRS990/TotalProgramServiceRevenueAmt0133173
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0104766
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0139840
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06507999
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt017050533
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt016648526
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt04853
IRS990/TravelGrp/TotalAmt04853
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt012309 S Mustang Trail Way
IRS990/USAddress/CityNm0Herriman
IRS990/USAddress/StateAbbreviationCd0UT
IRS990/USAddress/ZIPCd084096
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0n/a
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Lori Aguilar
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Board Chair
ReturnHeader/BusinessOfficerGrp/PhoneNum08014384619
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-01-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Athlos Academy of Utah
ReturnHeader/Filer/BusinessNameControlTxt0ATHL
ReturnHeader/Filer/EIN0473279126
ReturnHeader/Filer/PhoneNum08014384619
ReturnHeader/Filer/USAddress/AddressLine1Txt012309 S Mustang Trail Way
ReturnHeader/Filer/USAddress/CityNm0Herriman
ReturnHeader/Filer/USAddress/StateAbbreviationCd0UT
ReturnHeader/Filer/USAddress/ZIPCd084096
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0870343246
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Squire & Company PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01329 S 800 E
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Orem
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0UT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd084097
ReturnHeader/PreparerPersonGrp/PhoneNum08012256900
ReturnHeader/PreparerPersonGrp/PreparationDt02026-02-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0M Paul Winward

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