DENVER METRO CONVENTION & VISITORS… - 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

1996

Legal Domicile

Principal Officer

RICHARD SCHARF

Phone

3038921112

Tax Period

2023-01-01 to 2023-12-31

DENVER METRO CONVENTION & VISITORS BUREAU FOUNDATION, founded in 1996, is a small nonprofit in the Education sector that reported $164K in total revenue in fiscal year 2023. The organization ran a surplus of $41K, a strong 25% operating margin.

Mission

TO ADVANCE THE TRAVEL AND TOURISM INDUSTRY IN METRO DENVER AREA THROUGH ACTIVITIES AND PROJECTS THAT ENHANCE EDUCATION, PROFESSIONAL DEVELOPMENT AND TRAINING FOR INDIVIDUALS INVOLVED OR INTERESTED IN THE TRAVEL AND TOURISM INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $118,758

THE FOUNDATION PROVIDES SCHOLARSHIPS AND EDUCATIONAL SUPPORT FOR STUDENTS ATTENDING DENVER AREA COLLEGES AND UNIVERSITIES PURSUING UNDERGRADUATE DEGREES IN TOURISM AND HOSPITALITY.

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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 $148,170

Program Service Revenue $0

Investment Income $15,972

Other Revenue $0

TOTAL REVENUE $164,142

Expense Breakdown

Grants Paid $118,758

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $118,758

Other Expenses $3,909

TOTAL EXPENSES $122,667

Year-over-Year Comparison

	2023	2022	Change
Revenue	$164,142	$154,380	+0.1%
Expenses	$122,667	$102,054	+0.2%
Net Income	$41,475	$52,326	-0.2%

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

N/A

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

Total Directors

$798,542

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD SCHARF	PRESIDENT &	1.00	Director	$0	$62,607	$798,542
NICOLE MARSH	CHAIR	1.00	Officer Director	$0	$0	$0
LARRY DIPASQUALE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JACKSON LAMB	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
TOM HEALY	DIRECTOR	1.00	Director	$0	$0	$0
ILENE KAMSLER	DIRECTOR	1.00	Director	$0	$0	$0
RADHIKA MAHANTY	DIRECTOR	1.00	Director	$0	$0	$0
ANDRE VAN HALL	DIRECTOR	1.00	Director	$0	$0	$0
BRAD ROBINETTE	DIRECTOR	1.00	Director	$0	$0	$0
AMY VENTURI	DIRECTOR	1.00	Director	$0	$0	$0
ED ROBINSON	DIRECTOR	1.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$164,142	$122,667	$462,503	$41,475
2022	$154,380	$102,054	$404,626	$52,326
2021	$122,671	$103,614	$429,939	$19,057
2020	$64,169	$74,512	$452,558	$-10,343
2019	$133,019	$110,811	$416,529	$22,208
2018	$135,034	$135,997	$355,848	$-963

DENVER METRO CONVENTION & VISITORS BUREAU FOUNDATION