DENVER ACADEMY INC

EIN: 840678685 501(c)(3) Education

DENVER, CO

Total Revenue
$19,360,254
Total Expenses
$17,797,298
Total Assets
$68,311,384
Net Assets
$56,857,359
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
CO
Principal Officer
KENT BERKE
Phone
3037775870
Tax Period
2024-07-01 to 2025-06-30

DENVER ACADEMY INC, founded in 1972, is a mid-sized nonprofit in the Education sector that reported $19.4M in total revenue in fiscal year 2024. Expenses of $17.8M left a modest 8% surplus.

Mission

TO INSPIRE AND EMPOWER DIVERSE LEARNERS THROUGH STUDENT-CENTERED, DIFFERENTIATED, AND TRANSFORMATIVE EDUCATION.

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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 $915,423
Program Service Revenue $17,037,474
Investment Income $1,400,622
Other Revenue $6,735
TOTAL REVENUE $19,360,254

Expense Breakdown

Grants Paid $1,752,819
Salaries & Benefits $11,320,784
Fundraising Expenses $416,751
Program Expenses $14,485,054
Other Expenses $4,723,695
TOTAL EXPENSES $17,797,298

Year-over-Year Comparison

2024 2023 Change
Revenue $19,360,254 $19,466,817 0.0%
Expenses $17,797,298 $16,431,113 +0.1%
Net Income $1,562,956 $3,035,704 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
18
Employees
172
Volunteers
95

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
$546,338
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK TWAROGOWSKI HEAD OF SCHO 40.00
Officer
$335,603 $25,982 $361,585
ERIC HUMBLE DIR OF FIN TREASURER 40.00
Officer
$175,968 $8,785 $184,753
LORI HULL HEAD OF LOWE 40.00
Highest
$135,797 $15,641 $151,438
MARK WOOD HEAD OF HIGH 40.00
Highest
$132,215 $15,641 $147,856
PHILIPPE ERNEWEIN DIR. OF EDUC 40.00
Highest
$119,310 $15,197 $134,507
ANTHONY SLAUGHTER DIR. OF INFO 40.00
Highest
$115,978 $14,799 $130,777
JAMES LEVINSON DIR. OF FACI 40.00
Highest
$114,468 $15,237 $129,705
KENT BERKE CHAIR OF THE 1.50
Officer Director
$0 $0 $0
BRYAN HASSLER VICE CHAIR O 0.75
Officer Director
$0 $0 $0
SCOTT ARTHUR TRUSTEE 0.25
Director
$0 $0 $0
POLLY BREIT TRUSTEE 0.25
Director
$0 $0 $0
DR ED CALLAHAN TRUSTEE 0.25
Director
$0 $0 $0
JIM FRIEDBERG TRUSTEE 0.25
Director
$0 $0 $0
TIM HEALY TRUSTEE 0.25
Director
$0 $0 $0
EARL HOELLEN TRUSTEE 0.25
Director
$0 $0 $0
BRYCE JOHNSON TRUSTEE 0.25
Director
$0 $0 $0
VANECIA KERR TRUSTEE 0.25
Director
$0 $0 $0
DR JIM LANGLEY TRUSTEE 0.25
Director
$0 $0 $0
MARY LESTER TRUSTEE 0.25
Director
$0 $0 $0
AMY MESSENGER TRUSTEE 0.25
Director
$0 $0 $0
KATE ORAVEZ TRUSTEE 0.25
Director
$0 $0 $0
MATT ROBERTSON TRUSTEE 0.25
Director
$0 $0 $0
SHERYL STEFANIAK TRUSTEE 0.25
Director
$0 $0 $0
REED STILWELL TRUSTEE 0.25
Director
$0 $0 $0
DEB WOODWARD TRUSTEE 0.25
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 $19,360,254 $17,797,298 $68,311,384 $1,562,956
2024 $19,466,817 $16,431,113 $64,586,768 $3,035,704
2023 $18,258,789 $15,390,441 $63,211,290 $2,868,348
2022 $16,828,553 $14,141,882 $58,736,787 $2,686,671
2021 $18,702,733 $13,240,092 $57,063,575 $5,462,641
2020 $14,244,020 $12,649,117 $50,382,506 $1,594,903
2019 $14,022,402 $12,420,604 $48,554,277 $1,601,798
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