THE DENVER FOUNDATION (EIN 846048381) - 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

1925

Legal Domicile

Principal Officer

JAVIER A SOTO

Phone

3033001790

Tax Period

2023-01-01 to 2023-12-31

THE DENVER FOUNDATION, founded in 1925, is a major nonprofit in the Philanthropy & Grantmaking sector that reported $108.7M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $157.4M exceeded revenue, resulting in a 45% operating deficit.

Mission

TO INSPIRE PEOPLE AND MOBILIZE RESOURCES TO STRENGTHEN OUR COMMUNITY.

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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 $78,233,990

Program Service Revenue $533,886

Investment Income $29,960,583

Other Revenue $14,273

TOTAL REVENUE $108,742,732

Expense Breakdown

Grants Paid $140,701,870

Salaries & Benefits $6,617,699

Fundraising Expenses $2,639,675

Program Expenses $145,514,642

Other Expenses $10,053,638

TOTAL EXPENSES $157,373,207

Year-over-Year Comparison

	2023	2022	Change
Revenue	$108,742,732	$137,620,038	-0.2%
Expenses	$157,373,207	$132,117,361	+0.2%
Net Income	$-48,630,475	$5,502,677	-9.8%

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

100

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

$830,980

Total Directors

$161,024

Key Employees

$249,621

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN LOEWY	CHAIR	2.00	Officer Director	$0	$0	$0
PETER KIRSCH	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
LISA ZUNIGA RAMIREZ	TREASURER & CHAIR-ELECT	1.00	Officer Director	$0	$0	$0
SEAN KENNEY	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHELLE ADAMS	TRUSTEE	1.00	Director	$0	$0	$0
DAMON O BARRY	TRUSTEE	1.00	Director	$0	$0	$0
ALISHA BROWN	TRUSTEE	1.00	Director	$0	$16,024	$161,024
VERONICA CRESPIN-PALMER	TRUSTEE (THROUGH 2/1/2023)	1.00	Director	$0	$0	$0
CAREY DOBBERTIN	TRUSTEE	1.00	Director	$0	$0	$0
MIRA FINE	TRUSTEE	1.00	Director	$0	$0	$0
JOE GARCIA	TRUSTEE	1.00	Director	$0	$0	$0
ISMAEL GUERRERO	TRUSTEE (THROUGH 5/5/2023)	1.00	Director	$0	$0	$0
ERIKA R MARTINEZ	TRUSTEE	1.00	Director	$0	$0	$0
DR DWINITA MOSBY TYLER	TRUSTEE	1.00	Director	$0	$0	$0
MARK NEWHOUSE	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTINA RAYA	TRUSTEE (THROUGH 5/5/2023)	1.00	Director	$0	$0	$0
LEE REICHERT	TRUSTEE	1.00	Director	$0	$0	$0
RANDY ROBERTS	TRUSTEE	1.00	Director	$0	$0	$0
JULIE REISKIN	TRUSTEE	1.00	Director	$0	$0	$0
KAREN ROBINSON	TRUSTEE	1.00	Director	$0	$0	$0
BRENNA SIMMONS-ST ONGE	TRUSTEE	1.00	Director	$0	$0	$0
JAVIER A SOTO	PRESIDENT	45.00	Officer	$447,372	$45,177	$492,549
DANIEL LEE	CFO (THROUGH 05/12/2023)	45.00	Officer	$108,046	$21,277	$129,323
COURTNEY CLAPP	INTERIM CFO	45.00	Officer	$173,738	$35,370	$209,108
DACE WEST-SCHLUE	CHIEF IMPACT OFFICER	45.00	Key Emp	$212,445	$37,176	$249,621
JASON STODDART	VP OF TALENT & CULTURE	45.00	Highest	$142,389	$14,039	$156,428
SHARON HARPER	SENIOR DIRECTOR OF SPECIAL FUNDS	45.00	Highest	$134,204	$22,507	$156,711
BENJAMIN PERRY	SENIOR DIRECTOR OF PHILANTHROPIC INV	45.00	Highest	$134,546	$27,177	$161,723
ABIGAIL KESNER	VP OF COMMUNICATION	45.00	Highest	$144,900	$7,780	$152,680
LADAWN SULLIVAN EXEC DIR	OF BLACK RESILIENCE IN CO	45.00	Highest	$142,750	$29,769	$172,519

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	No data	No data	No data	No data
2023	$108,742,732	$157,373,207	$1,218,743,437	$-48,630,475
2022	$137,620,038	$132,117,361	$1,150,464,668	$5,502,677
2021	$304,010,379	$120,778,067	$1,310,694,972	$183,232,312
2020	$189,641,789	$126,565,139	$993,536,650	$63,076,650
2019	$146,305,774	$112,346,898	$852,362,353	$33,958,876
2018	$99,662,221	$94,336,303	$711,115,822	$5,325,918

THE DENVER FOUNDATION