DENVER TOOL LIBRARY

EIN: 471610698 501(c)(3) Human Services

DENVER, CO

Total Revenue
$528,360
Total Expenses
$460,201
Total Assets
$155,505
Net Assets
$155,505
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
CO
Phone
7209434385
Tax Period
2023-01-01 to 2023-12-31

DENVER TOOL LIBRARY, founded in 2013, is a small nonprofit in the Human Services sector that reported $528K in total revenue in fiscal year 2023. Revenue surged 86% from the prior year, signaling strong growth momentum. Expenses of $460K left a modest 13% surplus.

Mission

The Denver Tool Library provides folks with low-cost access to tools and the know-how to use them all in a safe and supportive environment. We remove barriers like cost space knowledge inhibition and discrimination so that everyone can have the resources they need to make and maintain the lives they imagine. Our tool library has over 5,000 tools that you can check out just like you borrow books from a book library. We also offer DIY and traditional art classes as well as a community workspace to help develop hands-on skills and compliment the take-home tools. People from all walks of life are welcome to enter the Denver Tool Library without fear of criticism or judgement and get the tools and skills they need to succeed in their projects.

Program Service Accomplishments

Program 1
Expenses: $130,232 Revenue: $145,999

TOOL LIBRARY - Members can check out power tools hand tools lawn and garden tools and more. Just like checking out books from a book library but tools! Over 700 individuals and 40 schools and...

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TOOL LIBRARY - Members can check out power tools hand tools lawn and garden tools and more. Just like checking out books from a book library but tools! Over 700 individuals and 40 schools and nonprofit organizations borrow tools to improve their homes neighborhoods and communities.

Program 2
Expenses: $294,141 Revenue: $299,761

CLASSES - Learn woodworking blacksmithing welding woodturning jewelry making metalsmithing bike maintenance arts and crafts home improvement renovation beekeeping gardening and more in a safe and...

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CLASSES - Learn woodworking blacksmithing welding woodturning jewelry making metalsmithing bike maintenance arts and crafts home improvement renovation beekeeping gardening and more in a safe and supportive environment. Benefitting hundreds of students per month as well as dozens of local artists and craftspeople hired to teach the classes.

Program 3
Expenses: $35,828 Revenue: $34,571

OPEN WORKSHOP - Work in our full public woodshop complete with industrial woodworking tools specialty hand tools and a knowledgeable staff member that will help keep you safe and answer any question...

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OPEN WORKSHOP - Work in our full public woodshop complete with industrial woodworking tools specialty hand tools and a knowledgeable staff member that will help keep you safe and answer any question you may have about your project or the tools.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $45,715
Program Service Revenue $480,331
Investment Income $2,314
Other Revenue $0
TOTAL REVENUE $528,360

Expense Breakdown

Grants Paid $0
Salaries & Benefits $209,739
Fundraising Expenses $0
Program Expenses $460,201
Other Expenses $250,462
TOTAL EXPENSES $460,201

Year-over-Year Comparison

2023 2022 Change
Revenue $528,360 $284,074 +0.9%
Expenses $460,201 $227,338 +1.0%
Net Income $68,159 $56,736 +0.2%
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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Governance

Voting Members
4
Independent Members
2
Employees
5
Volunteers
50

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
3
$167,056
Total Directors
1
$81,660
Key Employees
3
$167,056
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sarah Steiner Executive Director Tool Library Community Workshop Director 45.00
Officer Director Key Emp Highest
$81,660 $0 $81,660
Garrett Carr Assistant Director Classes Director 40.00
Officer Key Emp
$68,509 $0 $68,509
Ian Saunders Director of Operations 12.00
Officer Key Emp
$16,887 $0 $16,887
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 $528,360 $460,201 $155,505 $68,159
2022 $284,074 $227,338 $87,347 $56,736
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