Lower Downtown Denver Arts Associa… - 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

MATT PETCOFF

Phone

3035342367

Tax Period

2019-01-01 to 2019-12-31

Lower Downtown Denver Arts Association, founded in 1996, is a small nonprofit that reported $214K in total revenue in fiscal year 2019. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $51K, a strong 24% operating margin.

Mission

LOWER DOWNTOWN DENVER ARTS ASSOCIATION SPONSORS AND HOLDS FAIRS, FESTIVALS, AND CONCERTS TO PROMOTE THE ARTS, ENVIRONMENTAL AWARENESS, AND APPRECIATION OF HISTORIC LOWER DOWNTOWN DENVER COMMUNITY AND CULTURAL EVENTS.

Program Service Accomplishments

Program 1

Expenses: $150,575 Revenue: $115,704

THE DENVER CHALK ART FESTIVAL IS AN AWARD-WINNING FESTIVAL THAT FOLLOWS 16TH CENTURY STREET PAINTING TRADITIONS. THE EVENT FEATURES MORE THAN 200 ARTISTS WHO WILL SPEND HOURS ON THEIR HANDS AND KNEES TRANSFORMING ASPHALT INTO PASTEL MASTERPIECES OF BRILLIANT COLOR AND DESIGN. FOOD AND BEVERAGES WILL COMPLIMENT THE VISUAL FEAST.

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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 (2019)

Revenue Breakdown

Contributions & Grants $95,950

Program Service Revenue $115,704

Investment Income $2,236

Other Revenue $0

TOTAL REVENUE $213,890

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,942

Fundraising Expenses $0

Program Expenses $150,575

Other Expenses $156,418

TOTAL EXPENSES $163,360

Year-over-Year Comparison

	2019	2018	Change
Revenue	$213,890	$166,589	+0.3%
Expenses	$163,360	$158,050	+0.0%
Net Income	$50,530	$8,539	+4.9%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF HERMANSON	SOLE DIRECTOR	1.0	Director	$0	$0	$0
MATT PETCOFF	OFFICER	1.0	Officer	$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
2019	$213,890	$163,360	$159,619	$50,530

Lower Downtown Denver Arts Association