Denver Bike Sharing

Nonprofit profile at a glance

EIN
264028327
IRS 990-EZ coverage
2021–2021
Forms available
Form 990 2020, Form 990-EZ 2021, Form 990-N 2009
Location
Bluffton, SC, USA
Phone
3038253325
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Public Transportation Systems

Reported finances

Revenue
$175,498
Expenses
$142,207
Assets
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

13 people listed

People named in this filing

  • MIKE DINO (CHAIR)
  • JAY KENNEY (VICE-CHAIR)
  • STEVE SANDER (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Promote health, quality of life and preservation of the environment in denver by building and operating a comprehensive, city-wide bike sharing system.

What it reported doing in 2021

Denver bike sharing serves as a catalyst for a fundamental transformation in thinking and behavior by operating a bike sharing system in denver to enhance mobility while promoting all aspects of sustainability: quality of life, equity, the environment, economic development, and public health. The long-term goal of denver bike sharing is to offer a public bike sharing system of 600 dockless bikes to denver residents and visitors. Denver bike sharing ceased operations of the denver b-cycle system as of january 30, 2020. Multiple factors led to this decision including aging equipment, dpsa term and expiration, changing mobility landscape and competition. Denver bike sharing partnered with a new vendor and competed for the city of denver's rfq in the spring of 2020. On july 23, 2020, we received word from the public works department that denver bike sharing was not selected.

Operating model

Revenue model
Donor-supported. 97% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 84% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 54
  • Transparency & Controls: 100
  • Sustainability: 33
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 50.1%; rating input score 50
  • Program expense ratio: 61.8%; rating input score 62

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 19%; rating input score 63; 63rd percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 8.9%; rating input score 25; 25th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -10.4% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: -12.9% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 50.1% of revenue deployed · 61.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $88K in reported program spending
  • Leadership: top reported pay $0 · 13 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 4 filed schedules
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 50/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Sustainability: Officer compensation ratio scored 25/100.