GROUNDWORK DENVER INC

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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

2002

Legal Domicile

Principal Officer

DEREK MCCOY

Phone

3034555600

Tax Period

2024-01-01 to 2024-12-31

GROUNDWORK DENVER INC, founded in 2002, is a community nonprofit in the Community Improvement sector that reported $2.0M in total revenue in fiscal year 2024.

Mission

GROUNDWORK DENVER PARTNERS WITH YOUTH AND COMMUNITY TO BUILD A HEALTHY, EQUITABLE, AND SUSTAINABLE ENVIRONMENT.

Program Service Accomplishments

Program 1

Expenses: $598,848

GREEN TEAM YOUTH EMPLOYMENT PROGRAM: GWD EMPLOYED 80 YOUTH WHO WORKED IN URBAN GARDENS AND ON NEIGHBORHOOD IMPROVEMENT AND CIVIC ENGAGEMENT PROJECTS RELATED TO ENVIRONMENTAL ISSUES AS WELL AS HEALTHY EATING AND ACTIVE LIVING. AGES RANGED FROM 14 TO 26. THE OLDER YOUTH (AGED 18-26) WORKED AT THE ROCKY MOUNTAIN ARSENAL NATIONAL WILDLIFE REFUGE AND ON OTHER PUBLIC LANDS. THE YOUTH AGED 14-17 WORKED ON COMMUNITY PROJECTS INCLUDING URBAN FARMING AND WATER QUALITY.

Program 2

Expenses: $427,904 Revenue: $121,787

ENERGY EFFICIENCY PROGRAMS: CONDUCTED DOOR-TO-DOOR OUTREACH SIGNING RESIDENTS UP FOR FREE ENERGY AUDITS, TREES, AND OTHER RESOURCES. WE COMPLETED 129 HOME ENERGY AUDITS IN DENVER AND COMMERCE CITY...

ENERGY EFFICIENCY PROGRAMS: CONDUCTED DOOR-TO-DOOR OUTREACH SIGNING RESIDENTS UP FOR FREE ENERGY AUDITS, TREES, AND OTHER RESOURCES. WE COMPLETED 129 HOME ENERGY AUDITS IN DENVER AND COMMERCE CITY. LOW-COST AND MAJOR ENERGY UPGRADES, SUCH AS INSULATION OR ENERGY EFFICIENT APPLIANCES, WERE INSTALLED IN MANY OF THESE HOMES.

Program 3

Expenses: $283,754

OTHER ENVIRONMENTAL PROGRAMS: VARIOUS PROJECTS TO PARTNER WITH YOU AND COMMUNITY TO BUILD A HEALTHY, EQUITABLE, AND SUSTAINABLE ENVIRONMENT.

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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 $1,837,890

Program Service Revenue $142,259

Investment Income $42,491

Other Revenue $6,166

TOTAL REVENUE $2,028,806

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,349,599

Fundraising Expenses $131,230

Program Expenses $1,418,772

Other Expenses $598,119

TOTAL EXPENSES $2,008,718

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,028,806	$1,955,590	+0.0%
Expenses	$2,008,718	$2,088,629	0.0%
Net Income	$20,088	$-133,039	-1.2%

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

Governance

Voting Members

Independent Members

Employees

114

Volunteers

N/A

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

$153,324

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEREK MCCOY	EXECUTIVE DI	40.00	Officer	$71,124	$3,900	$75,024
CINDY CHANG	EXECUTIVE DI	40.00	Officer	$78,152	$148	$78,300
CARISHMA GOKHALE-WELCH	PRESIDENT	2.00	Officer Director	$0	$0	$0
TYLER EVANS	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
DANIEL STANGE	TREASURER	2.00	Officer Director	$0	$0	$0
AVALON FAJARDO-ANSTINE	SECRETARY	2.00	Officer Director	$0	$0	$0
SILVIA FUENTES	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN BONSALL ROSENBERRY	DIRECTOR	2.00	Director	$0	$0	$0
MIKAYLA KOLB	DIRECTOR	2.00	Director	$0	$0	$0
ALEX GUNNING	DIRECTOR	2.00	Director	$0	$0	$0
MEGAN BURKE	SECRETARY	2.00	Officer Director	$0	$0	$0
TRACY COPPOLA	DIRECTOR	2.00	Director	$0	$0	$0
STUART NISSENBAUM	DIRECTOR	2.00	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
2024	$2,028,806	$2,008,718	$1,720,810	$20,088
2024	$2,008,806	$2,008,718	$1,720,810	$88
2023	$1,955,590	$2,088,629	$1,741,818	$-133,039
2023	$1,955,590	$2,088,629	$1,741,818	$-133,039
2022	$1,868,308	$1,815,566	$1,707,190	$52,742
2021	$2,182,406	$1,659,963	$1,821,645	$522,443
2020	$1,483,711	$1,276,686	$1,589,163	$207,025
2019	$1,667,994	$1,558,007	$1,097,479	$109,987