DENVER AREA COUNCIL BOY SCOUTS OF AMERICA TRUST

EIN: 846059377 501(c)(3)

DENVER, CO

Total Revenue
$2,283,026
Total Expenses
$2,009,658
Total Assets
$32,431,522
Net Assets
$31,262,309
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
CO
Principal Officer
MICHAEL FIFHAUSE
Phone
3034555522
Tax Period
2024-01-01 to 2024-12-31

DENVER AREA COUNCIL BOY SCOUTS OF AMERICA TRUST, founded in 1984, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 190% from the prior year, signaling strong growth momentum. Expenses of $2.0M left a modest 12% surplus.

Mission

THE DENVER AREA COUNCIL BOY SCOUTS OF AMERICA TRUST (TRUST) IS A PERPETUAL TRUST ESTABLISHED BY THE GREATER COLORADO COUNCIL, BOY SCOUTS OF AMERICA(THE COUNCIL) ON NOVEMBER 6, 1984 TO RECEIVE AND INVEST ENDOWMENT CONTRIBUTIONS SOLELY FOR THE BENEFIT OF THE COUNCIL, AND TO DISTRIBUTE INVESTMENT INCOME TO THE COUNCIL. TRUST INCOME IS AVAILABLE FOR THE GENERAL PURPOSES OF THE COUNCIL AND FOR OTHER PURPOSES SPECIFIED BY DONORS.

Program Service Accomplishments

Program 1
Expenses: $1,919,745

AS PROVIDED BY THE ENDOWMENT TRUST DOCUMENT, AN AMOUNT EQUAL TO 4.5% OF THE TWELVE QUARTER ROLLING AVERAGE OF THE TRUST INVESTMENT BALANCES IS MADE AVAILABLE FOR GENERAL AND DONOR-SPECIFIED PURPOSES...

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AS PROVIDED BY THE ENDOWMENT TRUST DOCUMENT, AN AMOUNT EQUAL TO 4.5% OF THE TWELVE QUARTER ROLLING AVERAGE OF THE TRUST INVESTMENT BALANCES IS MADE AVAILABLE FOR GENERAL AND DONOR-SPECIFIED PURPOSES TO THE GREATER COLORADO COUNCIL, BOY SCOUTS OF AMERICA. THE ENDOWMENT DISTRIBUTION TOTALED 1,319,745 FOR THE YEAR ENDED DECEMBER 31, 2024. THERE WAS AN ADDITIONAL SPECIAL DISTRIBUTION OF 600,000 IN 2024.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,056
Program Service Revenue $0
Investment Income $2,275,970
Other Revenue $0
TOTAL REVENUE $2,283,026

Expense Breakdown

Grants Paid $1,919,745
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,919,745
Other Expenses $89,913
TOTAL EXPENSES $2,009,658

Year-over-Year Comparison

2024 2023 Change
Revenue $2,283,026 $786,185 +1.9%
Expenses $2,009,658 $1,209,556 +0.7%
Net Income $273,368 $-423,371 -1.6%
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

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Financial Distress Indicator

Liquidity & Cash Position

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

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Governance

Voting Members
7
Independent Members
6
Employees
N/A
Volunteers
6

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
2
$380,528
Total Directors
7
$380,528
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES W BRASFEILD III SECRETARY/SC 1.00
Officer Director
$0 $20,558 $380,528
G JACKSON TANKERSLEY JR ENDOWMENT CH 1.00
Officer Director
$0 $0 $0
MARK E HONNEN TRUSTEE 1.00
Director
$0 $0 $0
MATHEW N STAVA TRUSTEE 1.00
Director
$0 $0 $0
ROBERT L MANNING JR TRUSTEE 1.00
Director
$0 $0 $0
DAVID J STEINER TRUSTEE 1.00
Director
$0 $0 $0
SANFORD W ROTHE 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
2024 $2,283,026 $2,009,658 $32,431,522 $273,368
2023 $786,185 $1,209,556 $30,707,743 $-423,371
2022 $2,001,342 $1,150,124 $28,067,311 $851,218
2021 $3,029,324 $986,618 $34,327,670 $2,042,706
2020 $1,360,233 $2,752,635 $30,321,614 $-1,392,402
2019 $2,244,398 $920,692 $29,348,930 $1,323,706
2018 $1,658,766 $923,350 $24,313,533 $735,416
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