DRY BONES DENVER

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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

2003

Legal Domicile

Principal Officer

Katie Coldwell

Phone

3038097389

Tax Period

2023-01-01 to 2023-12-31

DRY BONES DENVER, founded in 2003, is a small nonprofit in the Housing & Shelter sector that reported $996K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 10% operating deficit.

Mission

Helping homeless teens and young adults through outreach and job and life skills training.

Program Service Accomplishments

Program 1

Expenses: $604,537 Revenue: $906,659

Support and teach teens and young adults about living an effective, responsible life and thus give them a pathway to society.

Program 2

Expenses: $389,670 Revenue: $89,072

To employ and provide job training to homeless young adults who are working to exit homelessness through our coffee roasting business. We employ 3-5 homeless young adults, who work 20-30 hours per...

To employ and provide job training to homeless young adults who are working to exit homelessness through our coffee roasting business. We employ 3-5 homeless young adults, who work 20-30 hours per week over a 12 month period. Our job training and mentoring curriculum focuses on transferrable job skills, life and coping skills, and individual support. Employees are paid a working wage and develope workplace skills like problem solving, communication, and processes.

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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 (2023)

Revenue Breakdown

Contributions & Grants $830,854

Program Service Revenue $54,126

Investment Income $22,490

Other Revenue $88,261

TOTAL REVENUE $995,731

Expense Breakdown

Grants Paid $0

Salaries & Benefits $745,250

Fundraising Expenses $23,874

Program Expenses $994,207

Other Expenses $352,170

TOTAL EXPENSES $1,097,420

Year-over-Year Comparison

	2023	2022	Change
Revenue	$995,731	$1,284,236	-0.2%
Expenses	$1,097,420	$992,718	+0.1%
Net Income	$-101,689	$291,518	-1.3%

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

100

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

$61,000

Total Directors

$64,218

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Katherine Wallace	Secretary	3	Officer Director	$61,000	$0	$61,000
Julie Pike	Director	2	Director	$3,218	$0	$3,218
Katheryn Coldwell	President	2	Officer Director	$0	$0	$0
Charlie Kerr	Vice President	2	Officer Director	$0	$0	$0
Tim Henderson	Treasurer	2	Officer Director	$0	$0	$0
Angela McLaughlin	Director	2	Director	$0	$0	$0
Jeff Robinson	Director	2	Director	$0	$0	$0
Tim Schweikhard	Director	2	Director	$0	$0	$0
Mark Solomon	Director	2	Director	$0	$0	$0
Chris Denny	Director	2	Director	$0	$0	$0

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	No data	No data	No data	No data
2023	$995,731	$1,097,420	$861,667	$-101,689
2022	$1,284,236	$992,718	$955,366	$291,518
2021	$1,124,407	$980,739	$663,068	$143,668
2020	$829,417	$850,086	$598,225	$-20,669
2019	$683,002	$631,601	$471,053	$51,401
2018	$699,948	$622,533	$429,216	$77,415