Denver South Economic Development Partnership (EIN 840935635) - Form 990 Financial Analysis & Trantor Score

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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

1984

Legal Domicile

Principal Officer

David Worley

Phone

3037929447

Tax Period

2023-01-01 to 2023-12-31

Denver South Economic Development Partnership, founded in 1984, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2023.

Mission

Convene public and private stakeholders to drive the vision of our shared community. We improve economic prosperity and the creation of primary jobs in the region through business retention, attraction and expansion efforts.

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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 $2,588,799

Program Service Revenue $0

Investment Income $30,199

Other Revenue $-28,269

TOTAL REVENUE $2,590,729

Expense Breakdown

Grants Paid $673

Salaries & Benefits $1,402,033

Fundraising Expenses $0

Program Expenses $1,908,864

Other Expenses $1,131,942

TOTAL EXPENSES $2,534,648

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,590,729	$2,583,341	+0.0%
Expenses	$2,534,648	$2,402,355	+0.1%
Net Income	$56,081	$180,986	-0.7%

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

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

$558,078

Total Directors

$558,078

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tom Brook	President & CEO	28.00	Officer Director	$319,397	$32,417	$351,814
David Worley	Senior Vice President	40.00	Officer Director	$189,067	$17,197	$206,264
Daniel Hutton	VP of Transportation & Mobility	40.00	Highest	$138,324	$22,592	$160,916
Alex Cowsky	Chief of Staff	40.00	Highest	$122,445	$14,964	$137,409
Karen Christine Shapard	Senior Director of Economic Development	40.00	Highest	$120,789	$9,625	$130,414
Sheryl Beckman	Director of Business Engagement	40.00	Highest	$107,834	$27,174	$135,008
Sam Inman	Board Chair	1.00	Officer Director	$0	$0	$0
Buz Koelbel	Board Vice Chair	1.00	Officer Director	$0	$0	$0
Mike Martin	Board Treasurer	1.00	Officer Director	$0	$0	$0
Mayor Jackie Millet	TMA Board Chair	1.00	Director	$0	$0	$0
Peter Culshaw	Board Member	1.00	Director	$0	$0	$0
Keith Simon	Board Member (through May 2023)	1.00	Director	$0	$0	$0
Darryl Jones	Board Member	1.00	Director	$0	$0	$0
Mayor George Lantz	Board Member	0.60	Director	$0	$0	$0
Mayor Stephanie Piko	Board Member	0.60	Director	$0	$0	$0
Commissioner Abe Laydon	Board Member	0.60	Director	$0	$0	$0
Commissioner Nancy Sharpe	Board Member (through January 2023)	0.60	Director	$0	$0	$0
Commissioner Jessica Campbell-Swans	Board Member	0.60	Director	$0	$0	$0
Eric Hecox	Board Member	0.60	Director	$0	$0	$0
Mike Fronapfel	Board Member	0.60	Director	$0	$0	$0
Christie Lee	Board Member	0.60	Director	$0	$0	$0
Pam Kelly	Board Member (through July 2023)	0.60	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	$2,590,729	$2,534,648	$3,288,666	$56,081
2022	$2,583,341	$2,402,355	$2,753,137	$180,986
2021	$2,591,581	$2,134,443	$2,218,656	$457,138
2020	$2,588,238	$2,119,097	$1,722,028	$469,141
2019	$2,930,043	$2,416,481	$1,273,045	$513,562
2018	$2,893,867	$2,813,885	$907,782	$79,982

Denver South Economic Development Partnership