DOWNTOWN BOULDER COMMUNITY INITIAT… - Form 990 Financial Data

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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

2016

Legal Domicile

Principal Officer

ELIZABETH SWIGGER

Phone

3034493774

Tax Period

2024-01-01 to 2024-12-31

DOWNTOWN BOULDER COMMUNITY INITIATIVES, founded in 2016, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $405K in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring.

Mission

DOWNTOWN BOULDER COMMUNITY INITIATIVES IS A CHARITABLE 501 (C)(3) NONPROFIT ORGANIZATION DEDICATED TO MAINTAINING DOWNTOWN BOULDER AS THE HEART AND SOUL OF OUR COMMUNITY. OUR STAFF AND VOLUNTEERS PRODUCE OVER TWO DOZEN ANNUAL EVENTS FOCUSED ON ARTS, CULTURE, FAMILY ENTERTAINMENT AND SUPPORTING LOCAL BUSINESS. FROM FINE ARTS TO FREE CONCERTS ON THE PEARL STREET MALL, DBCI EVENTS DRAW NEARLY 250,000 PEOPLE DOWNTOWN EVERY YEAR. WE ALSO SUPPORT OTHER COMMUNITY EVENTS THAT ENHANCE DOWNTOWN INCLUDING THE BOULDER INTERNATIONAL FILM FESTIVAL AND THE PEARL STREET STAMPEDES.

Program Service Accomplishments

Program 1

Expenses: $66,648 Revenue: $48,855

BAND ON THE BRICKS - FROM OLDIES TO ALTERNATIVE AND EVERYTHING IN BETWEEN, BANDS ON THE BRICKS IS BOULDER COUNTY'S PREMIER OUTDOOR SUMMER CONCERT SERIES TAKING PLACE IN THE HEART OF THE CITY ON THE BRICKS OF THE ONE-AND-ONLY PEARL STREET MALL. A SUMMER TRADITION WITH 10 WEEKS OF FREE CONCERTS. ENJOY PERFORMANCES FROM THE BEST LOCAL MUSICIANS ALONG THE FRONT RANGE WHILE DANCING UNDER THE STARS.

Program 2

Expenses: $61,107 Revenue: $41,469

FALL FEST - 3-DAY AUTUMN FESTIVAL FEATURING FOOD, BREWS, MUSIC, CHILDREN'S ACTIVITIES AND FIREFLY HANDMADE MARKET.

Program 3

Expenses: $27,872 Revenue: $61,773

PEARL STREET ART FAIR - FROM WHIMSICAL AND MODERN SCULPTURES TO TRADITIONAL WATERCOLORS, OILS & MORE, PEARL STREET ARTS FEST IS A BEAUTIFUL OUTDOOR GALLERY NESTLED IN THE HEART OF DOWNTOWN BOULDER ON...

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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 (2024)

Revenue Breakdown

Contributions & Grants $176,263

Program Service Revenue $228,608

Investment Income $0

Other Revenue $0

TOTAL REVENUE $404,871

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $419,273

Other Expenses $431,700

TOTAL EXPENSES $431,700

Year-over-Year Comparison

	2024	2023	Change
Revenue	$404,871	$728,964	-0.4%
Expenses	$431,700	$691,393	-0.4%
Net Income	$-26,829	$37,571	-1.7%

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

N/A

Volunteers

350

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

$166,294

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MOLLY WINTER	CHAIRMAN	4.00	Officer Director	$0	$0	$0
MICHAEL BRUNS	TREASURER	2.00	Officer Director	$0	$0	$0
STEPHANIE RUDY	DIRECTOR	2.00	Director	$0	$0	$0
DENNIS PAUL	DIRECTOR	2.00	Director	$0	$0	$0
BRIDGER TOMLIN	DIRECTOR	2.00	Director	$0	$0	$0
BEN O'MEARA	DIRECTOR	2.00	Director	$0	$0	$0
ROB LANTZ	DIRECTOR	2.00	Director	$0	$0	$0
SOLEDAD DIAZ	DIRECTOR	2.00	Director	$0	$0	$0
JOSH DINAR	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH SWIGGER	CEO	15.00	Officer	$156,200	$10,094	$166,294

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
2025	No data	No data	No data	No data
2024	$404,871	$431,700	$237,405	$-26,829
2023	$728,964	$691,393	$253,636	$37,571
2022	$454,723	$471,989	$197,697	$-17,266
2021	$253,624	$245,519	$197,874	$8,105
2020	$220,591	$264,031	$196,497	$-43,440
2019	$480,128	$495,977	$254,241	$-15,849
2018	$684,454	$483,984	$257,042	$200,470

DOWNTOWN BOULDER COMMUNITY INITIATIVES