Nonprofit · EIN 87-0228572
UTAH ASSOCIATION OF FINANCIAL SERVICES
Tax-exempt · SALT LAKE CITY, UT 84111
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $593,910 | $537,281 | $56,629 | $702,377 | $133,375 | $569,002 |
| December 31, 2023 | 990 | $592,468 | $484,452 | $108,016 | $539,673 | $27,300 | $512,373 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $432,100
- Membership dues
- $432,100
- Program service revenue
- $161,751
- Investment income
- $59
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $24,660
- Accounting fees
- $1,485
- Travel
- $21,802
- Program services (functional)
- $514,860
- Management and general (functional)
- $22,421
Balance sheet and other
- Total assets, start of year
- $539,673
- Total assets, end of year
- $702,377
- Total liabilities, end of year
- $133,375
- Net assets, end of year
- $569,002
- Gross receipts
- $593,910
- Employees
- 0
- Year formed
- 1951
- State of legal domicile
- UT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sherrie Rees | Member-at-large Trustee or director | 3 | $0 |
| Ray Specht | Chairman Emeritus Trustee or director | 3 | $0 |
| John Taylor | Member-at-large Trustee or director | 3 | $0 |
| Frank Pignanelli | Executive Director Trustee or director, Officer | 4 | $0 |
| Andrea Moss | President Trustee or director | 3 | $0 |
| Ed Haidenthaller | Vice President Trustee or director | 3 | $0 |
| Reese Howell | Member-at-large Trustee or director | 3 | $0 |
| Bill Donnelly | SecretaryTreasurer Trustee or director | 3 | $0 |
| Christi Palmer | Member-at-large Trustee or director | 3 | $0 |
| Lew Goodwin | Member-at-large Trustee or director | 3 | $0 |
| Tracy Sandin | Member-at-large Trustee or director | 2 | $0 |
| Mara McNiel | Member-at-large Trustee or director | 2 | $0 |
| Nathan Cluff | Member-at-large Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lew Goodwin | Member-at-large Trustee or director | 3 | $0 |
| Christi Palmer | Member-at-large Trustee or director | 3 | $0 |
| Bill Donnelly | SecretaryTreasurer Trustee or director | 3 | $0 |
| Nathan Cluff | Member-at-large Trustee or director | 2 | $0 |
| Mara McNiel | Member-at-large Trustee or director | 2 | $0 |
| Tracy Sandin | Member-at-large Trustee or director | 2 | $0 |
| Reese Howell | Member-at-large Trustee or director | 3 | $0 |
| John Taylor | Member-at-large Trustee or director | 3 | $0 |
| Ray Specht | Chairman Emeritus Trustee or director | 3 | $0 |
| Sherrie Rees | Member-at-large Trustee or director | 3 | $0 |
| Ed Haidenthaller | Vice President Trustee or director | 3 | $0 |
| Andrea Moss | President Trustee or director | 3 | $0 |
| Frank Pignanelli | Executive Director Trustee or director, Officer | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 445 EAST 200 SOUTH STE 200, SALT LAKE CITY, UT 84111-2139
- In care of
- % FRANK PIGNANELI
- Principal officer (990 for 2024)
- Frank Pignanelli, 60 S 600 E Ste 150, Salt Lake City, UT 84102
- Signed the 990
- FRANK PIGNANELI, Executive Director
- Phone
- (801) 355-2821
- Website
- uafs.net
- Return prepared by
- Traveller & Company LLC
Mission
Preserve the industrial bank charter and encourage the continued development of the Industrial Bank industry while returning substantial benefits to the State of Utah, including job creation, tax revenue and community reinvestment activities.
Program accomplishments
- Lobbying and management activities to protect and promote the industrial bank charter.Expenses $358,685
- Utah Association of Financial Services Annual Convention.Expenses $156,175
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 87-0228572
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1956
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $702,377
- Income (IRS master file)
- $593,910
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $593,910 | $537,281 | $702,377 | IRS |
| 990 | December 2023 | $592,468 | $484,452 | $539,673 | XML |
| 990 | December 2022 | $574,060 | $498,208 | $443,305 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 87-0228572).
Questions about UTAH ASSOCIATION OF FINANCIAL SERVICES
- What is the EIN of UTAH ASSOCIATION OF FINANCIAL SERVICES?
- The employer identification number (EIN) of UTAH ASSOCIATION OF FINANCIAL SERVICES is 87-0228572.
- Is UTAH ASSOCIATION OF FINANCIAL SERVICES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1956.
- Are donations to UTAH ASSOCIATION OF FINANCIAL SERVICES tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does UTAH ASSOCIATION OF FINANCIAL SERVICES file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of UTAH ASSOCIATION OF FINANCIAL SERVICES due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UTAH ASSOCIATION OF FINANCIAL SERVICES last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of UTAH ASSOCIATION OF FINANCIAL SERVICES?
- The 990 for the year ended December 31, 2024 names Frank Pignanelli.
- Who are the officers and directors of UTAH ASSOCIATION OF FINANCIAL SERVICES?
- The 990 for the year ended December 31, 2024 lists 13 people; 0 received compensation from the organization.
- How much revenue does UTAH ASSOCIATION OF FINANCIAL SERVICES have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $593,910, expenses of $537,281 and total assets of $702,377 at year end.
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