DENVER BIKE SHARING

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

SUE BALDWIN

Phone

3038253325

Tax Period

2020-01-01 to 2020-12-31

DENVER BIKE SHARING, founded in 2009, is a micro nonprofit that reported $20K in total revenue in fiscal year 2020. Revenue fell 102% from the prior year — a significant decline worth monitoring.

Mission

PROMOTE HEALTH, QUALITY OF LIFE AND PRESERVATION OF THE ENVIRONMENT IN DENVER BY BUILDING AND OPERATING A COMPREHENSIVE, CITY-WIDE BIKE SHARING SYSTEM.

Program Service Accomplishments

Program 1

Expenses: $568,613 Revenue: $-82

DENVER BIKE SHARING SERVES AS A CATALYST FOR A FUNDAMENTAL TRANSFORMATION IN THINKING AND BEHAVIOR BY OPERATING A BIKE SHARING SYSTEM IN DENVER TO ENHANCE MOBILITY WHILE PROMOTING ALL ASPECTS OF...

DENVER BIKE SHARING SERVES AS A CATALYST FOR A FUNDAMENTAL TRANSFORMATION IN THINKING AND BEHAVIOR BY OPERATING A BIKE SHARING SYSTEM IN DENVER TO ENHANCE MOBILITY WHILE PROMOTING ALL ASPECTS OF SUSTAINABILITY: QUALITY OF LIFE, EQUITY, THE ENVIRONMENT, ECONOMIC DEVELOPMENT, AND PUBLIC HEALTH. THE LONG-TERM GOAL OF DENVER BIKE SHARING IS TO OFFER A PUBLIC BIKE SHARING SYSTEM OF 600 DOCKLESS BIKES TO DENVER RESIDENTS AND VISITORS. DENVER BIKE SHARING CEASED OPERATIONS OF THE DENVER B-CYCLE SYSTEM AS OF JANUARY 30, 2020. MULTIPLE FACTORS LED TO THIS DECISION INCLUDING AGING EQUIPMENT, DPSA TERM AND EXPIRATION, CHANGING MOBILITY LANDSCAPE AND COMPETITION. DENVER BIKE SHARING PARTNERED WITH A NEW VENDOR AND COMPETED FOR THE CITY OF DENVER'S RFQ IN THE SPRING OF 2020. ON JULY 23, 2020, WE RECEIVED WORD FROM THE PUBLIC WORKS DEPARTMENT THAT DENVER BIKE SHARING WAS NOT SELECTED.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $8,147

Program Service Revenue $-82

Investment Income $-40,332

Other Revenue $12,505

TOTAL REVENUE $-19,762

Expense Breakdown

Grants Paid $0

Salaries & Benefits $683,463

Fundraising Expenses $0

Program Expenses $568,613

Other Expenses $262,551

TOTAL EXPENSES $946,014

Year-over-Year Comparison

	2020	2019	Change
Revenue	$-19,762	$1,096,937	-1.0%
Expenses	$946,014	$1,653,307	-0.4%
Net Income	$-965,776	$-556,370	+0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$131,984

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE DINO	CHAIR	4.00	Officer Director	$0	$0	$0
JAY KENNEY	VICE-CHAIR	4.00	Officer Director	$0	$0	$0
STEVE SANDER	SECRETARY	4.00	Officer Director	$0	$0	$0
SARAH KEYS	TREASURER	4.00	Officer Director	$0	$0	$0
PETER COAKLEY	DIRECTOR	4.00	Director	$0	$0	$0
ADAM DEVOE	DIRECTOR	4.00	Director	$0	$0	$0
ANDY DUVALL	DIRECTOR	4.00	Director	$0	$0	$0
ADAM EICHBERG	DIRECTOR	4.00	Director	$0	$0	$0
LINDSEY SOUSA	DIRECTOR	4.00	Director	$0	$0	$0
CHRISTOPHER SMITH	DIRECTOR	4.00	Director	$0	$0	$0
BILL VAN METER	DIRECTOR	4.00	Director	$0	$0	$0
BOB VAN WETTER	DIRECTOR	4.00	Director	$0	$0	$0
MICHAEL A PLETSCH	EXECUTIVE DI	40.00	Officer	$30,951	$2,309	$33,260
SUE BALDWIN	ACTING EXEC	40.00	Officer	$89,636	$9,088	$98,724

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2020	$-19,762	$946,014	$139,082	$-965,776
2019	$1,096,937	$1,653,307	$969,468	$-556,370
2018	$2,194,110	$2,123,725	$1,699,357	$70,385