DOWNTOWN DENVER PARTNERSHIP INC

EIN: 841222797

DENVER, CO

Total Revenue
$7,581,970
Total Expenses
$7,315,486
Total Assets
$11,225,255
Net Assets
$8,667,307
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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
1992
Legal Domicile
CO
Principal Officer
KOURTNY GARRETT
Phone
3035346161
Tax Period
2025-01-01 to 2025-12-31

DOWNTOWN DENVER PARTNERSHIP INC, founded in 1992, is a community nonprofit that reported $7.6M in total revenue in fiscal year 2025. Revenue surged 93% from the prior year, signaling strong growth momentum. Expenses of $7.3M left a modest 4% surplus.

Mission

DDP FOCUSES ON CREATIVELY PLANNING, MANAGING, AND DEVELOPING DOWNTOWN DENVER AS THE UNIQUE, DIVERSE, VIBRANT, AND ECONOMICALLY HEALTHY URBAN CORE OF THE ROCKY MOUNTAIN REGION.

Program Service Accomplishments

Program 1
Expenses: $5,401,637 Revenue: $3,901,294

THE PARTNERSHIP SUPPORTS THE OPERATIONS OF DENVER CIVIC VENTURES, WHICH IS INCLUDED IN THE COMBINING FINANCIAL STATEMENTS.

Program 2
Expenses: $733,300 Revenue: $1,879,438

MEMBERSHIP SERVICES: THE PARTNERSHIP IS A MEMBERSHIP ORGANIZATION THAT CULTIVATES PRIVATE-SECTOR LEADERSHIP AND ENGAGES BUSINESSES IN THE DEVELOPMENT AND ENHANCEMENT OF DOWNTOWN DENVER.

Program 3
Expenses: $326,291 Revenue: $171

ECONOMIC DEVELOPMENT, PLANNING AND MOBILITY: DOWNTOWN DENVER PARTNERSHIP, INC. WORKS TO RETAIN COMPANIES IN THE CENTER CITY VIA RETENTION OUTREACH AND RESEARCH SUPPORT. THE ORGANIZATION PLAYS AN...

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ECONOMIC DEVELOPMENT, PLANNING AND MOBILITY: DOWNTOWN DENVER PARTNERSHIP, INC. WORKS TO RETAIN COMPANIES IN THE CENTER CITY VIA RETENTION OUTREACH AND RESEARCH SUPPORT. THE ORGANIZATION PLAYS AN ACTIVE ROLE IN RECRUITING COMPANIES TO DOWNTOWN THROUGH MARKETING, PRESENTATIONS AND RESEARCH. THE ORGANIZATION REPRESENTS DOWNTOWN AT RETAIL TRADE SHOWS THROUGHOUT THE COUNTRY TO RECRUIT NEW RETAILERS TO DENVER.

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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 (2025)

Revenue Breakdown

Contributions & Grants $901,489
Program Service Revenue $6,519,710
Investment Income $160,771
Other Revenue $0
TOTAL REVENUE $7,581,970

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,025,278
Fundraising Expenses $0
Program Expenses $7,315,486
Other Expenses $1,290,208
TOTAL EXPENSES $7,315,486

Year-over-Year Comparison

2025 2024 Change
Revenue $7,581,970 $3,938,572 +0.9%
Expenses $7,315,486 $3,325,652 +1.2%
Net Income $266,484 $612,920 -0.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
16
Employees
58
Volunteers
43

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
7
$629,491
Total Directors
17
$629,491
Key Employees
1
$273,866
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KOURTNY GARRETT PRESIDENT & 39.00
Officer Director
$593,898 $35,593 $629,491
MATTHEW KARNES CFO 39.00
Key Emp
$242,630 $31,236 $273,866
KATE BARTON CHIEF EXT AF 40.00
Highest
$270,708 $35,843 $306,551
BETH MOYSKI SVP DWNTWN E 40.00
Highest
$202,374 $26,857 $229,231
SHARON ALTON SVP STRATEGI 3.00
Highest
$202,351 $20,488 $222,839
SARAH WIEBENSON VP ECON DEV. 25.00
Highest
$169,718 $20,184 $189,902
ADINA JOHNSON VP, STRAT PG 14.00
Highest
$149,435 $18,948 $168,383
AMY HANSEN CHAIR 2.00
Officer Director
$0 $0 $0
ALBUS BROOKS VICE CHAIR 2.00
Officer Director
$0 $0 $0
ELIZABETH SALOMON TREASURER 2.00
Officer Director
$0 $0 $0
TRACI LOUNSBURY SECRETARY 2.00
Officer Director
$0 $0 $0
KIM KUCERA POLICY CHAIR 2.00
Officer Director
$0 $0 $0
DORIT FISCHER PAST CHAIR 2.00
Officer Director
$0 $0 $0
DAVID STERNBERG BOARD MEMBER 2.00
Director
$0 $0 $0
PAT MCHENRY BOARD MEMBER 2.00
Director
$0 $0 $0
AMY CARA BOARD MEMBER 2.00
Director
$0 $0 $0
HOLLIE VELASQUEZ-HORVATH BOARD MEMBER 2.00
Director
$0 $0 $0
KEVIN KELLEY BOARD MEMBER 2.00
Director
$0 $0 $0
LORI DAVIS BOARD MEMBER 2.00
Director
$0 $0 $0
NATHAN LOHMEYER BOARD MEMBER 2.00
Director
$0 $0 $0
RHYS DUGGAN BOARD MEMBER 2.00
Director
$0 $0 $0
JON BUERGE BOARD MEMBER 2.00
Director
$0 $0 $0
RAJU PATEL BOARD MEMBER 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
2025 $7,581,970 $7,315,486 $11,225,255 $266,484
2024 $3,326,652 $4,505,722 $-9,321,506 $-1,179,070
2024 $3,938,572 $3,325,652 $10,283,000 $612,920
2023 $3,395,017 $3,969,158 $-8,506,939 $-574,141
2022 $2,620,980 $3,263,184 $-8,243,226 $-642,204
2021 $2,241,941 $2,591,547 $-6,124,848 $-349,606
2020 $1,577,653 $2,200,243 $-6,646,473 $-622,590
2019 $1,523,478 $2,301,511 $-5,624,658 $-778,033
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