Lower Downtown Denver Arts Association

EIN: 841342487 501(c)(3)

Denver, CO

Total Revenue
$213,890
Total Expenses
$163,360
Total Assets
$159,619
Net Assets
$158,647
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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
CO
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

To sponsor and hold fairs, festivals, & concerts to promote the arts, environmental awareness, & appreciation of historic lower downtown denver community and cultural events.

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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 (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

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Governance

Voting Members
1
Independent Members
1
Employees
N/A
Volunteers
15

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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
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
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