DENVER PUBLIC LIBRARY FRIENDS FOUNDATION (EIN 846036979) - 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

1961

Legal Domicile

Principal Officer

KATHYRN ANDERSON

Phone

7208652053

Tax Period

2024-01-01 to 2024-12-31

DENVER PUBLIC LIBRARY FRIENDS FOUNDATION, founded in 1961, is a community nonprofit in the Education sector that reported $2.8M in total revenue in fiscal year 2024. Revenue surged 67% from the prior year, signaling strong growth momentum. Net assets of $11.3M represent 48 months of operating reserves.

Mission

BUILDS SUPPORT AND RAISES MONEY TO EXPAND THE DENVER PUBLIC LIBRARY'S PROGRAMS AND SERVICES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,163,874

Program Service Revenue $212,024

Investment Income $435,404

Other Revenue $0

TOTAL REVENUE $2,811,302

Expense Breakdown

Grants Paid $1,736,797

Salaries & Benefits $840,673

Fundraising Expenses $620,519

Program Expenses $2,024,089

Other Expenses $407,865

TOTAL EXPENSES $2,985,335

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,811,302	$1,680,501	+0.7%
Expenses	$2,985,335	$1,971,165	+0.5%
Net Income	$-174,033	$-290,664	-0.4%

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

Volunteers

204

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

$195,845

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF RILEY	EXEC. DIRECT	40.00	Officer	$186,009	$9,836	$195,845
KATHYRN ANDERSON	CHIEF PHILNT	40.00	Highest	$115,929	$4,893	$120,822
LAURIE TROGE	CHAIR	4.00	Officer Director	$0	$0	$0
RON TOMASSI	VICE CHAIR	4.00	Officer Director	$0	$0	$0
LAWSON PARKER	SECRETARY	4.00	Officer Director	$0	$0	$0
AKASH MADIAH	TREASURER	4.00	Officer Director	$0	$0	$0
JUDY ALLENDER	TRUSTEE	2.00	Director	$0	$0	$0
STEFAN BECK	TRUSTEE	2.00	Director	$0	$0	$0
ANDY BISHOP	TRUSTEE	2.00	Director	$0	$0	$0
JOE BOCHENEK	TRUSTEE	2.00	Director	$0	$0	$0
DEB BRACKNEY	TRUSTEE	2.00	Director	$0	$0	$0
KIM BURKHARDT	TRUSTEE	2.00	Director	$0	$0	$0
JULIE DAVIS	TRUSTEE	2.00	Director	$0	$0	$0
ALTON DILLARD	TRUSTEE	2.00	Director	$0	$0	$0
APRIL LAMBATOS	TRUSTEE	2.00	Director	$0	$0	$0
CHRIS OTTELE	TRUSTEE	2.00	Director	$0	$0	$0
DANIELLE REUBENSTEIN	TRUSTEE	2.00	Director	$0	$0	$0
JAYME RITCHIE	TRUSTEE	2.00	Director	$0	$0	$0
ANDI RUGG	TRUSTEE	2.00	Director	$0	$0	$0
BYEONGSOOK SEO	TRUSTEE	2.00	Director	$0	$0	$0
LISA VELA	TRUSTEE	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
2024	$2,811,302	$2,985,335	$11,331,118	$-174,033
2023	$1,680,501	$1,971,165	$10,994,066	$-290,664
2022	$3,232,648	$4,554,470	$11,276,440	$-1,321,822
2021	$6,255,598	$6,316,337	$13,953,540	$-60,739
2020	$6,155,728	$2,529,551	$14,608,858	$3,626,177
2019	$2,101,141	$2,985,500	$10,103,204	$-884,359
2018	$1,943,855	$1,313,802	$9,848,445	$630,053

DENVER PUBLIC LIBRARY FRIENDS FOUNDATION