Civic Intelligence

Athlos Academy of Utah

990 • Fiscal year 2021 • EIN 47-3279126

Jul 01, 2020 to Jun 30, 2021 • Filed on Feb 17, 2022

12309 S Mustang Trail WayHerriman, UT 84096

(866) 208-3332

Siviq Scores

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

Liabilities / Assets

96th percentile

1.19x

Higher debt load relative to assets than 96% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

92nd percentile

3.48x

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

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

8th percentile

-19%

Higher net margin than 8% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

12th percentile

-4.3%

Faster asset growth than 12% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

16th percentile

-12%

Faster revenue growth than 16% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Down

$18,804,106

Down $852,721 (-4.3%) from 2020

Net Assets

Down

-$3,639,939

Down $1,216,455 (-50%) from 2020

Liabilities

Up

$22,444,045

Up $363,734 (+1.6%) from 2020

Revenue

Down

$6,447,341

Down $883,253 (-12%) from 2020

Expenses

Down

$7,663,796

Down $273,095 (-3.4%) from 2020

Net Income

Down

-$1,216,455

Down $610,158 (-101%) from 2020

Historical Trend

Balance Sheet Trend

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

$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

2021

Assets$18,804,106
Liabilities$22,444,045
Net Assets-$3,639,939

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2021

Revenue$6,447,341
Expenses$7,663,796
Net Income-$1,216,455
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Feb 17, 2022
Return Version
2020v4.2
Gross Receipts
$6,447,341
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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$18,296,098$17,459,763▼ $836,335
Cash and Non-Interest-Bearing Accounts$938,151$1,051,073▲ $112,922
Accounts Receivable$291,155$270,086▼ $21,069
Prepaid Expenses and Deferred Charges$131,418$23,179▼ $108,239
Savings and Temporary Cash Investments$5$5→ $0
Total Assets$19,656,827$18,804,106▼ $852,721
Liabilities
Mortgage Notes Payable Secured by Investment Property$21,594,022$22,111,168▲ $517,146
Accounts Payable and Accrued Expenses$486,289$332,877▼ $153,412
Total Liabilities$22,080,311$22,444,045▲ $363,734
Net Assets / Fund Balance
Net Assets With Donor Restrictions$253,302$407,012▲ $153,710
Net Assets Without Donor Restrictions$-2,676,786$-4,046,951▼ $1,370,165
Total Net Assets Fund Balance$-2,423,484$-3,639,939▼ $1,216,455
Total Liabilities and Net Assets / Fund Balance$19,656,827$18,804,106▼ $852,721

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$16,283,657-$16,283,657
Land$1,092,000-$1,092,000
Equipment$84,106$32,721$116,827
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ben HyinkChair
Will FountainVice Chair
Amber WadeMember
Jenny PotterMember
Mac TapiaMember
Jon CazierSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$6,344,985
Program Service Revenue
$94,411
Investment Income
$0
Other Revenue
$7,945
All Other Contributions
$4,752
Change in Net Assets
$-1,216,455

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,447,341
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$6,447,341
Total Revenue per Form 990
$6,447,341
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,902,166
Salaries, Compensation, and Employee Benefits$3,761,630
Total Fundraising Expense$6,740
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,058,641$48,773-$3,107,414
Interest$1,804,518--$1,804,518
Depreciation Depletion$886,136--$886,136
Fees for Services Other$402,558$15-$402,573
Other Employee Benefits$349,296$1,779-$351,075
Payroll Taxes$226,565$3,999-$230,564
Other Expenses$116,390$6,797$6,740$116,390
Pension Plan Contributions$71,882$695-$72,577
Insurance$27,404--$27,404
Fees for Services Accounting-$13,750-$13,750
Information Technology$3,843--$3,843
Advertising$3,315--$3,315
Travel$933--$933
Total Functional Expenses$7,581,248$75,808$6,740$7,663,796

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,663,796
Total Expenses per Audited Statements$7,663,796
Total Expenses per Form 990$7,663,796
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
Backup withholding compliance
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
No

Governance Explanations

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

The board will review the 990 before it is filed.

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

The board of directors has a conflict of interest policy that is annually reviewed and signed by board members that requires disclosure of conflicts as they arise during the conduct of board business

Form 990, Part VI, Section C, Line 19

The form 990 is available on the website, as well as, upon request.

Filing and Contact Details

Filer

Filer Name
Athlos Academy of Utah
EIN
47-3279126
Phone
8662083332
Address
12309 S MUSTANG TRAIL WAY, HERRIMAN, UT 84096

Signing Officer

Name
Ben Hyink
Title
Board Chair
Phone
8018095206
Signed
2022-02-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ben Hyink
Formed
2014
Legal Domicile
Ut
Voting Board Members
6
Independent Board Members
6
Employees
137
Volunteers
152

Preparer

Firm
Eide Bailly Llp
Address
5929 FASHION POINT DR STE 300, OGDEN, UT 84403-4684
Preparer
Chett Campbell CPA
Phone
8016211575
Supplemental Narrative

Financial Statement Notes

Change in Accounting Framework

Utah house bill 242 (h.b. 242) was passed in 2020 and requires utah charter schools to report under the governmental accounting standards board (gasb) framework. As a result of implementing the financial reporting requirements of h.b. 242, the school has converted the financial statement presentation of the school financial statements and related disclosures to be presented in accordance with the gasb financial reporting framework. Previously, the school prepared financial statements under the financial accounting standards board (fasb) framework.

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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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IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt07663796
IRS990ScheduleD/LandGrp/BookValueAmt01092000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01092000
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06447341
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0UTAH HOUSE BILL 242 (H.B. 242) WAS PASSED IN 2020 AND REQUIRES UTAH CHARTER SCHOOLS TO REPORT UNDER THE GOVERNMENTAL ACCOUNTING STANDARDS BOARD (GASB) FRAMEWORK. AS A RESULT OF IMPLEMENTING THE FINANCIAL REPORTING REQUIREMENTS OF H.B. 242, THE SCHOOL HAS CONVERTED THE FINANCIAL STATEMENT PRESENTATION OF THE SCHOOL FINANCIAL STATEMENTS AND RELATED DISCLOSURES TO BE PRESENTED IN ACCORDANCE WITH THE GASB FINANCIAL REPORTING FRAMEWORK. PREVIOUSLY, THE SCHOOL PREPARED FINANCIAL STATEMENTS UNDER THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) FRAMEWORK.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0CHANGE IN ACCOUNTING FRAMEWORK
IRS990ScheduleD/TotalBookValueLandBuildingsAmt017459763
IRS990ScheduleD/TotalExpensesPerForm990Amt07663796
IRS990ScheduleD/TotalRevenuePerForm990Amt06447341
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06447341
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07663796
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
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/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd00
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THIS ORGANIZATION IS EXCUSED FROM FORMAL COMPLIANCE WITH REV. PROC. 75-50 AS LONG AS THE SCHOOL'S CHARTER AGREEMENT WITH THE STATE REMAINS IN EFFECT.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ACADEMY RECEIVES FUNDING FROM THE STATE OF UTAH AS ADMINISTERED BY THE UTAH STATE OFFICE OF EDUCATION BASED ON THE NUMBER OF STUDENTS ENROLLED IN THE ACADEMY. THE ACADEMY ALSO RECEIVES FEDERAL CHARTER SCHOOL GRANTS WHICH ARE PAID THROUGH THE UTAH STATE OFFICE OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD WILL REVIEW THE 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS HAS A CONFLICT OF INTEREST POLICY THAT IS ANNUALLY REVIEWED AND SIGNED BY BOARD MEMBERS THAT REQUIRES DISCLOSURE OF CONFLICTS AS THEY ARISE DURING THE CONDUCT OF BOARD BUSINESS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS AVAILABLE ON THE WEBSITE, AS WELL AS, UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
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IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0UT
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt018804106
IRS990/TotalAssetsGrp/BOYAmt019656827
IRS990/TotalAssetsGrp/EOYAmt018804106
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt06344985
IRS990/TotalEmployeeCnt0137
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt06740
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt075808
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt07581248
IRS990/TotalFunctionalExpensesGrp/TotalAmt07663796
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt022080311
IRS990/TotalLiabilitiesEOYAmt022444045
IRS990/TotalLiabilitiesGrp/BOYAmt022080311
IRS990/TotalLiabilitiesGrp/EOYAmt022444045
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-2423484
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-3639939
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt07581248
IRS990/TotalProgramServiceRevenueAmt094411
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt07945
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt094411
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06447341
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0152
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt019656827
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt018804106
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0933
IRS990/TravelGrp/TotalAmt0933
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt012309 MUSTANG TRAIL WAY
IRS990/USAddress/CityNm0HERRIMAN
IRS990/USAddress/StateAbbreviationCd0UT
IRS990/USAddress/ZIPCd084096
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.ATHLOSUTAH.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BEN HYINK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum08018095206
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-02-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ATHLOS ACADEMY OF UTAH
ReturnHeader/Filer/BusinessNameControlTxt0ATHL
ReturnHeader/Filer/EIN0473279126
ReturnHeader/Filer/PhoneNum08662083332
ReturnHeader/Filer/USAddress/AddressLine1Txt012309 S MUSTANG TRAIL WAY
ReturnHeader/Filer/USAddress/CityNm0HERRIMAN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0UT
ReturnHeader/Filer/USAddress/ZIPCd084096
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0450250958
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EIDE BAILLY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05929 FASHION POINT DR STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OGDEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0UT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0844034684
ReturnHeader/PreparerPersonGrp/PhoneNum08016211575
ReturnHeader/PreparerPersonGrp/PreparationDt02022-02-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHETT CAMPBELL CPA
ReturnHeader/ReturnTs02022-05-18T12:18:27-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BEN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HYINK
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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