DENVER ART MUSEUM

EIN: 846038240 501(c)(3) Arts, Culture & Humanities

DENVER, CO

Total Revenue
$41,968,354
Total Expenses
$59,114,464
Total Assets
$179,382,502
Net Assets
$170,719,597
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1893
Legal Domicile
CO
Principal Officer
CURTIS WOITTE
Phone
7209130022
Tax Period
2023-10-01 to 2024-09-30

DENVER ART MUSEUM, founded in 1893, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $42.0M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $59.1M exceeded revenue, resulting in a 41% operating deficit.

Mission

THE PRIMARY MISSION OF THE DENVER ART MUSEUM IS TO ENRICH THE LIVES OF PRESENT AND FUTURE GENERATIONS THROUGH THE ACQUISITION, PRESENTATION, AND PRESERVATION OF WORKS OF ART, SUPPORTED BY EXEMPLARY SCHOLARSHIP AND PUBLIC PROGRAMS RELATED BOTH TO ITS PERMANENT COLLECTIONS AND TO TEMPORARY EXHIBITIONS PRESENTED BY THE MUSEUM.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $32,480,622
Program Service Revenue $4,748,359
Investment Income $1,044,955
Other Revenue $3,694,418
TOTAL REVENUE $41,968,354

Expense Breakdown

Grants Paid $0
Salaries & Benefits $25,555,916
Fundraising Expenses $2,023,524
Program Expenses $45,816,218
Other Expenses $33,558,548
TOTAL EXPENSES $59,114,464

Year-over-Year Comparison

2023 2022 Change
Revenue $41,968,354 $44,734,320 -0.1%
Expenses $59,114,464 $53,112,181 +0.1%
Net Income $-17,146,110 $-8,377,861 +1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
35
Independent Members
35
Employees
596
Volunteers
223

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
8
$1,112,403
Total Directors
40
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPH HEINRICH DIRECTOR 40.00
Officer
$409,322 $177,814 $587,136
ANDREA FULTON THRU 0624 DEPUTY DIREC 40.00
Officer
$242,033 $24,937 $266,970
CURTIS WOITTE DEPUTY DIREC 40.00
Officer
$237,234 $21,063 $258,297
ARPIE CHUCOVICH CHIEF DEV. O 40.00
Highest
$185,641 $18,283 $203,924
BRYON THORNBURGH COO 40.00
Highest
$175,505 $21,553 $197,058
JILL DALESSANDRO DIRECTOR AND 40.00
Highest
$140,841 $4,877 $145,718
ANGELICA DANEO CHIEF CURATO N/A
Highest
$134,600 $19,557 $154,157
KATHERINE ROSS CHIEF MRKTNG 40.00
Highest
$132,320 $16,429 $148,749
SARAH ANSCHUTZ CHAIRPERSON 1.00
Officer Director
$0 $0 $0
CRAIG PONZIO VICE CHAIRPE 1.00
Officer Director
$0 $0 $0
CATHEY M FINLON AS OF NOV 2023 VICE CHAIRPE 1.00
Officer Director
$0 $0 $0
LIS GANDER TREASURER 1.00
Officer Director
$0 $0 $0
ROBERT S RICH SECRETARY 1.00
Officer Director
$0 $0 $0
DR PATRICIA BACA TRUSTEE 1.00
Director
$0 $0 $0
WALLY BAKARE TRUSTEE 1.00
Director
$0 $0 $0
JANA BARTLIT TRUSTEE THRU 1.00
Director
$0 $0 $0
NANCY LAKE BENSON TRUSTEE 1.00
Director
$0 $0 $0
DAVID BIRNBAUM TRUSTEE 1.00
Director
$0 $0 $0
MARIO CARRERA TRUSTEE 1.00
Director
$0 $0 $0
MERLE C CHAMBERS TRUSTEE 1.00
Director
$0 $0 $0
PAT CORTEZ TRUSTEE 1.00
Director
$0 $0 $0
JOY L DINSDALE TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL DUNCAN TRUSTEE 1.00
Director
$0 $0 $0
EMILY STURM EHRENS TRUSTEE THRU 1.00
Director
$0 $0 $0
SUZANNE FARVER TRUSTEE 1.00
Director
$0 $0 $0
BARYN S FUTA TRUSTEE 1.00
Director
$0 $0 $0
BRIDGET GRIER TRUSTEE 1.00
Director
$0 $0 $0
ANDREA POLLACK HANKINSON TRUSTEE THRU 1.00
Director
$0 $0 $0
CRAIG HARRISON TRUSTEE 1.00
Director
$0 $0 $0
REHAN HASAN TRUSTEE THRU 1.00
Director
$0 $0 $0
ARLENE HIRSCHFELD TRUSTEE 1.00
Director
$0 $0 $0
JAMES A HOLMES TRUSTEE 1.00
Director
$0 $0 $0
MARINER KEMPER TRUSTEE 1.00
Director
$0 $0 $0
CHRISTOPHER LAW TRUSTEE 1.00
Director
$0 $0 $0
CHRISTOPHER KM LEACH TRUSTEE 1.00
Director
$0 $0 $0
NANCY LEPRINO TRUSTEE 1.00
Director
$0 $0 $0
TRYGVE E MYHREN TRUSTEE 1.00
Director
$0 $0 $0
ROBERT C NEWMAN TRUSTEE 1.00
Director
$0 $0 $0
THOMAS A PETRIE TRUSTEE 1.00
Director
$0 $0 $0
AMANDA PRECOURT TRUSTEE 1.00
Director
$0 $0 $0
JENNIFER RIDDER TRUSTEE AS O 1.00
Director
$0 $0 $0
LISA ROBINSON TRUSTEE 1.00
Director
$0 $0 $0
RICHARD L ROBINSON TRUSTEE THRU 1.00
Director
$0 $0 $0
ALAN SALAZAR TRUSTEE 1.00
Director
$0 $0 $0
JOHN J SIE TRUSTEE 1.00
Director
$0 $0 $0
TINA WALLS TRUSTEE 1.00
Director
$0 $0 $0
WALTER RICHARD WEST JR TRUSTEE 1.00
Director
$0 $0 $0
JAMES F WILLIAMS II TRUSTEE 1.00
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 No data No data No data No data
2024 $41,968,354 $59,114,464 $179,382,502 $-17,146,110
2023 $44,734,320 $53,112,181 $194,572,889 $-8,377,861
2022 $57,180,332 $49,505,633 $201,676,348 $7,674,699
2021 $74,103,698 $71,680,408 $219,748,748 $2,423,290
2020 $50,720,002 $43,947,885 $220,132,884 $6,772,117
2019 $62,962,532 $36,039,468 $200,237,614 $26,923,064
2018 $73,973,603 $36,045,340 $165,832,052 $37,928,263
Explore More Nonprofits
Top 100 Nonprofits in Colorado Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare DENVER ART MUSEUM with other nonprofits in Colorado and across the country.