THE DENVER ART MUSEUM FOUNDATION

EIN: 742496760 501(c)(3) Arts, Culture & Humanities

DENVER, CO

Total Revenue
$31,719,133
Total Expenses
$9,724,573
Total Assets
$228,948,483
Net Assets
$211,963,444
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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
1988
Legal Domicile
CO
Principal Officer
DAVID BIRNBAUM
Phone
7209130022
Tax Period
2024-10-01 to 2025-09-30

THE DENVER ART MUSEUM FOUNDATION, founded in 1988, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $31.7M in total revenue in fiscal year 2024. Revenue surged 265% from the prior year, signaling strong growth momentum. The organization ran a surplus of $22.0M, a strong 69% operating margin.

Mission

THE FOUNDATION WAS ESTABLISHED EXCLUSIVELY TO OWN AND ADMINISTER FUNDS FOR THE DENVER ART MUSEUM AND TO MAKE PERIODIC DISTRIBUTIONS TO THE MUSEUM FOR ITS EDUCATIONAL AND CHARITABLE PURPOSES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $23,959,323
Program Service Revenue $0
Investment Income $7,759,810
Other Revenue $0
TOTAL REVENUE $31,719,133

Expense Breakdown

Grants Paid $9,256,557
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $9,256,557
Other Expenses $468,016
TOTAL EXPENSES $9,724,573

Year-over-Year Comparison

2024 2023 Change
Revenue $31,719,133 $8,683,052 +2.7%
Expenses $9,724,573 $8,496,570 +0.1%
Net Income $21,994,560 $186,482 +116.9%
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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
11

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
4
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID BIRNBAUM CHAIR/PRES/T 5.00
Officer Director
$0 $0 $0
THOMAS A PETRIE CHAIR THRU 0 5.00
Officer Director
$0 $0 $0
SARAH ANSCHUTZ VICE CHAIR/S 0.30
Officer Director
$0 $0 $0
BRANDON BERKLEY DIRECTOR 0.20
Director
$0 $0 $0
JACKIE M HAWKEY DIRECTOR 0.20
Director
$0 $0 $0
DOROTHY O HORRELL DIRECTOR 0.20
Director
$0 $0 $0
WILLIAM J HYBL DIRECTOR 0.20
Director
$0 $0 $0
ELISABETH W IRELAND DIRECTOR 0.20
Director
$0 $0 $0
RAJU N PATEL DIRECTOR 0.20
Director
$0 $0 $0
SCOTT J REIMAN DIRECTOR 0.20
Director
$0 $0 $0
DANIEL W YOHANNES DIRECTOR 0.20
Director
$0 $0 $0
CURTIS WOITTE VICE-TREASUR 5.00
Officer
$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 $31,719,133 $9,724,573 $228,948,483 $21,994,560
2024 $8,683,052 $8,496,570 $201,015,906 $186,482
2023 $4,223,274 $8,266,767 $175,445,380 $-4,043,493
2022 $12,869,847 $7,698,780 $164,445,500 $5,171,067
2021 $33,249,188 $7,049,396 $207,954,853 $26,199,792
2020 $2,967,016 $6,475,835 $150,521,390 $-3,508,819
2019 $2,729,321 $6,406,615 $143,638,982 $-3,677,294
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