DENVER PUBLIC LIBRARY FRIENDS FOUN… - 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

1961

Legal Domicile

Principal Officer

KATHRYN ANDERSON

Phone

7208652053

Tax Period

2025-01-01 to 2025-12-31

DENVER PUBLIC LIBRARY FRIENDS FOUNDATION, founded in 1961, is a community nonprofit in the Education sector that reported $4.7M in total revenue in fiscal year 2025. Revenue surged 66% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 49% operating margin.

Mission

THE DENVER PUBLIC LIBRARY FRIENDS FOUNDATION ENRICHES OUR COMMUNITY BY BUILDING SUPPORT AND RAISING MONEY TO EXPAND THE LIBRARY'S PROGRAMS AND SERVICES.

Program Service Accomplishments

Program 1

Expenses: $1,514,122 Revenue: $194,812

THE DENVER PUBLIC LIBRARY FRIENDS FOUNDATION IS ENRICHING THE COMMUNITY BY BUILDING SUPPORT AND RAISING MONEY TO ENHANCE DENVER PUBLIC LIBRARY'S PROGRAMS AND SERVICES. FUNDS DONATED TO THE FRIENDS...

THE DENVER PUBLIC LIBRARY FRIENDS FOUNDATION IS ENRICHING THE COMMUNITY BY BUILDING SUPPORT AND RAISING MONEY TO ENHANCE DENVER PUBLIC LIBRARY'S PROGRAMS AND SERVICES. FUNDS DONATED TO THE FRIENDS FOUNDATION SUPPORT: RENOVATIONS AND IMPROVEMENTS TO LIBRARY BRANCHES; THE PURCHASE OF BOOKS, MATERIALS AND RESOURCES FOR CIRCULATION; PROGRAMMING FOR ALL AGES; THE DEVELOPMENT OF THE WESTERN HISTORY AND OTHER SPECIAL COLLECTION; SERVICES FOR REFUGEES AND IMMIGRANTS; ADVOCACY EFFORTS; AND MORE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $3,485,194

Program Service Revenue $194,812

Investment Income $981,003

Other Revenue $0

TOTAL REVENUE $4,661,009

Expense Breakdown

Grants Paid $1,108,403

Salaries & Benefits $878,563

Fundraising Expenses $541,544

Program Expenses $1,514,122

Other Expenses $393,191

TOTAL EXPENSES $2,380,157

Year-over-Year Comparison

	2025	2024	Change
Revenue	$4,661,009	$2,811,302	+0.7%
Expenses	$2,380,157	$2,985,335	-0.2%
Net Income	$2,280,852	$-174,033	-14.1%

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

247

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

$164,985

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHRYN ANDERSON	EXECUTIVE DI	40.00	Officer	$156,200	$8,785	$164,985
RON TOMASSI	CHAIR	4.00	Officer Director	$0	$0	$0
AKASH MADIAH	VICE CHAIR	4.00	Officer Director	$0	$0	$0
STEFAN BECK	TREASURER	4.00	Officer Director	$0	$0	$0
JUDY ALLENDER	SECRETARY	4.00	Officer Director	$0	$0	$0
LAURIE TROGE	PAST CHAIR	4.00	Officer Director	$0	$0	$0
ANDY BISHOP	TRUSTEE	2.00	Director	$0	$0	$0
JOE BOCHENEK	TRUSTEE	2.00	Director	$0	$0	$0
DEBORAH BRACKNEY	TRUSTEE	2.00	Director	$0	$0	$0
KIM BURKHARDT	TRUSTEE	2.00	Director	$0	$0	$0
HILLARY CIMOCK	TRUSTEE	4.00	Director	$0	$0	$0
JULIE DAVIS	TRUSTEE	2.00	Director	$0	$0	$0
ALTON DILLARD	TRUSTEE	2.00	Director	$0	$0	$0
COLLEEN MOREY	TRUSTEE	2.00	Director	$0	$0	$0
CHRIS OTTELE	TRUSTEE	2.00	Director	$0	$0	$0
LAWSON PARKER	TRUSTEE	2.00	Director	$0	$0	$0
KATIE PAYER	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
ANDY SANDAGE	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
2025	$4,661,009	$2,380,157	$14,266,303	$2,280,852
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