DENVER AREA EDUCATIONAL TELECOMMUN… - Form 990 Financial Data

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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

1983

Legal Domicile

Principal Officer

ADAM MILLER

Phone

7204460812

Tax Period

2024-04-01 to 2025-03-31

DENVER AREA EDUCATIONAL TELECOMMUNICATIONS CONSORTIUM DBA 35 MIL, founded in 1983, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 12% operating deficit.

Mission

DENVER AREA EDUCATIONAL TELECOMMUNICATIONS CONSORTIUM (DAETC DBA 35 MILE FOUNDATION) IS ORGANIZED AND WILL BE OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, SCIENTIFIC AND SOCIAL WELFARE PURPOSES WITHIN THE MEANING OF SECTIONS 501(C)(3) AND 501(C)(4) OF THE INTERNAL REVENUE CODE.

Program Service Accomplishments

Program 1

Expenses: $456,187

35 Mile Foundation maintains a program to distribute affordable broadband internet accounts to schools, nonprofits, libraries, and social welfare organizations. The accounts are priced well below...

35 Mile Foundation maintains a program to distribute affordable broadband internet accounts to schools, nonprofits, libraries, and social welfare organizations. The accounts are priced well below commercial rates and often include periods of substantial discounts.

Program 2

Expenses: $290,179

35 MILE FOUNDATION MAINTAINS A GRANTMAKING PROGRAM TARGETING OPPORTUNITIES WHERE WE BELIEVE WE CAN MAKE A DIFFERENCE. WE PROVIDE GRANTS TO NEW PROGRAMS AND EMERGING ORGANIZATIONS AS WELL AS...

35 MILE FOUNDATION MAINTAINS A GRANTMAKING PROGRAM TARGETING OPPORTUNITIES WHERE WE BELIEVE WE CAN MAKE A DIFFERENCE. WE PROVIDE GRANTS TO NEW PROGRAMS AND EMERGING ORGANIZATIONS AS WELL AS INNOVATIVE APPROACHES TO SOCIAL JUSTICE THAT ARENT CURRENTLY BEING FUNDED. AS WITH OUR FUNDING THAT TARGETS CLOSING THE DIGITAL DIVIDE, WE WORK WITHIN OUR NETWORK TO IDENTIFY OPPORTUNITIES AND FUND SOCIAL JUSTICE ORGANIZATIONS IN A VARIETY OF WAYS FROM OPERATING COSTS TO SPINNING UP NEW INITIATIVES AND EVERYTHING IN BETWEEN. WE MAKE GRANTS DIRECTLY TO RECIPIENT ORGANIZATIONS AS WELL AS THROUGH DIRECTED FUNDING THROUGH A DONOR ADVISED FUND WE MAINTAIN AT THE COMMUNITY FOUNDATION BOULDER COUNTY.

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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 $0

Program Service Revenue $0

Investment Income $384,215

Other Revenue $878,518

TOTAL REVENUE $1,262,733

Expense Breakdown

Grants Paid $290,179

Salaries & Benefits $724,106

Fundraising Expenses $0

Program Expenses $746,366

Other Expenses $395,287

TOTAL EXPENSES $1,409,572

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,262,733	$2,062,431	-0.4%
Expenses	$1,409,572	$1,854,407	-0.2%
Net Income	$-146,839	$208,024	-1.7%

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

$209,532

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CASSANDRA TATE BAIR	VP BROADBAND SERVICES	40.00		$211,095	$7,969	$219,064
ADAM MILLER	Exec Dir./Pres.	40.00	Officer	$201,280	$8,252	$209,532
LUIS GOMEZ FORERO	PROGRAM DIRECTOR	40.00		$112,659	$3,870	$116,529
CHET TCHOZEWSKI	Treasurer	4.00	Officer Director	$0	$0	$0
JOE PEZZILLO	BOARD CHAIR	4.00	Officer Director	$0	$0	$0
SALLY HATCHER	Director	4.00	Director	$0	$0	$0
ANYA DICKSON-ARGUELLO	Director	4.00	Director	$0	$0	$0
SOPHIA MAYOTT-GUERRERO	Director	4.00	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
2025	$1,262,733	$1,409,572	$8,030,710	$-146,839
2024	$2,062,431	$1,854,407	$8,037,089	$208,024
2023	$2,665,250	$2,345,290	$7,539,859	$319,960
2022	$2,042,929	$1,448,786	$7,309,816	$594,143
2022	$2,042,929	$1,448,786	$7,309,816	$594,143
2021	$1,063,029	$1,004,514	$6,894,900	$58,515
2020	$1,091,353	$1,157,324	$5,745,455	$-65,971
2019	$663,967	$517,028	$6,027,368	$146,939

DENVER AREA EDUCATIONAL TELECOMMUNICATIONS CONSORTIUM DBA 35 MIL