Utah Trucking Association
- Assets
- $1.9m
- Revenue
- $754.8k
- Investments
- $0.0
- Employees
- 4
- Location
- West Valley City, UT
- Founding
- 10/1945
- Data as of
- 12/2022
- EIN
- 87-0187720
Organization Overview
Utah Trucking Association is located in West Valley City, UT. The organization was established in 1945. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Utah Trucking Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Utah Trucking Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Utah Trucking Association generated $754.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $697.4k during the year ending 12/2022. While expenses have increased by 0.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE UTAH TRUCKING ASSOCIATION (UTA) IS A NON-PROFIT TRADE ASSOCIATION IN THE STATE OF UTAH. UTA IS A COMPANY MEMBER ORGANIZATION REPRESENTING LOCAL AND NATIONAL TRUCKING COMPANIES AS WELL AS SUPPLIERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT AND ASSIST MEMBERS IN STAYING ABREAST OF CHANGES AND OTHER MATTERS IN THE MOTOR TRANSPORTATION INDUSTRY. 618 MEMBERS IN 2019.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard A Clasby Executive Dir. | Officer | 40 | $123,094 |
Jonathon Boyer Officer | Officer | 40 | $58,335 |
Terry B Smith Officer | Officer | 40 | $53,700 |
Justin Deputy 3rd Vice Pres | OfficerTrustee | 5 | $0 |
Danny Hansen Exec Committee | Trustee | 1 | $0 |
Bill Kremin Buta President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $256,036 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $257,036 |
| Total Program Service Revenue | $473,864 |
| Investment income | $100 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $36,726 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $19,336 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$32,283 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $754,779 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $235,129 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,239 |
| Pension plan accruals and contributions | $17,406 |
| Other employee benefits | $273 |
| Payroll taxes | $2,963 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $20,936 |
| Information technology | $29,912 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,938 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $163,736 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,650 |
| Insurance | $7,062 |
| All other expenses | $16,985 |
| Total functional expenses | $697,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,627 |
| Savings and temporary cash investments | $105,419 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,381 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,271 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,660,461 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,910,159 |
| Accounts payable and accrued expenses | $9,356 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,036 |
| Total liabilities | $19,392 |
| Net assets without donor restrictions | $1,890,767 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,910,159 |