DENVERWORKS INC (EIN 841349649) - Form 990 Financial Analysis & Trantor Score

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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

Tax Period

2023-01-01 to 2023-12-31

DENVERWORKS INC, founded in 1996, is a community nonprofit in the Employment sector that reported $4.9M in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $6.3M exceeded revenue, resulting in a 27% operating deficit.

Mission

TO EMPOWER THE UNEMPLOYED AND THOSE WITH BARRIERS TO EMPLOYMENT TO BECOME SELF-SUPPORTING THROUGH JOB PREPARATION AND PLACEMENT.

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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 $3,636,488

Program Service Revenue $1,436,816

Investment Income $6,257

Other Revenue $-134,278

TOTAL REVENUE $4,945,283

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,830,519

Fundraising Expenses $142,572

Program Expenses $5,661,297

Other Expenses $3,428,853

TOTAL EXPENSES $6,259,372

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,945,283	$6,201,899	-0.2%
Expenses	$6,259,372	$5,343,078	+0.2%
Net Income	$-1,314,089	$858,821	-2.5%

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

120

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

$159,583

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT ANDREWS	EXECUTIVE DIRECTOR	40.00	Officer	$159,583	$0	$159,583
DEMOND HARPER	DIRECTOR	0.00	Officer Director	$0	$0	$0
HELEN VIGNERY	DIRECTOR	0.00	Officer Director	$0	$0	$0
MICHAEL WADE	DIRECTOR	0.00	Officer Director	$0	$0	$0
SEAN SOON	PRESIDENT PRO TEM	0.00	Officer Director	$0	$0	$0
SHANE HICKMAN	DIRECTOR	0.00	Officer Director	$0	$0	$0
MONICA BADGETT	BOARD CHAIR	0.00	Officer Director	$0	$0	$0
KERRY OCONNELL	DIRECTOR	0.00	Officer Director	$0	$0	$0
BRYCE RANDLE	DIRECTOR	0.00	Officer 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
2023	$4,945,283	$6,259,372	$1,705,540	$-1,314,089
2022	$6,201,899	$5,343,078	$2,746,663	$858,821
2021	$2,720,008	$2,014,023	$1,028,787	$705,985
2020	$1,538,674	$1,299,866	$494,228	$238,808
2019	$1,139,267	$1,255,231	$260,343	$-115,964
2018	$918,541	$903,151	$202,597	$15,390

DENVERWORKS INC