The Art Base

EIN: 201188479 501(c)(3) Arts, Culture & Humanities

Basalt, CO

Total Revenue
$719,142
Total Expenses
$798,823
Total Assets
$2,092,377
Net Assets
$1,165,027
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
CO
Principal Officer
Barbara Glass
Phone
9709274123
Tax Period
2024-01-01 to 2024-12-31

The Art Base, founded in 2004, is a small nonprofit in the Arts, Culture & Humanities sector that reported $719K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $799K exceeded revenue, resulting in a 11% operating deficit.

Mission

To support local artists and craftspeople in our community by providing public exhibition and artmaking opportunities. To foster creative expression through the visual arts for learners of all ages and abilities. to provide programs and a learning environment committed to acceptance, accessibility, and unique learning skills.

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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 $595,463
Program Service Revenue $71,250
Investment Income $4,496
Other Revenue $47,933
TOTAL REVENUE $719,142

Expense Breakdown

Grants Paid $0
Salaries & Benefits $469,423
Fundraising Expenses $54,232
Program Expenses $622,712
Other Expenses $329,400
TOTAL EXPENSES $798,823

Year-over-Year Comparison

2024 2023 Change
Revenue $719,142 $762,602 -0.1%
Expenses $798,823 $843,197 -0.1%
Net Income $-79,681 $-80,595 0.0%
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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Governance

Voting Members
9
Independent Members
9
Employees
61
Volunteers
9

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
5
$101,236
Total Directors
10
$101,236
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Barbara Glass President 1.50
Officer Director
$0 $0 $0
Krista Klees Vice President 1.50
Officer Director
$0 $0 $0
Lauren Cornish Treasurer 1.50
Officer Director
$0 $0 $0
Chris Dolan Secretary 1.50
Officer Director
$0 $0 $0
William Henderson Director 0.50
Director
$0 $0 $0
Gail Folwell Director 0.50
Director
$0 $0 $0
Steven Newton director 0.50
Director
$0 $0 $0
Alyssa Erdman director 0.50
Director
$0 $0 $0
Sahra McMahon director 0.50
Director
$0 $0 $0
Annie Henninger Executive Director 40.00
Officer Director
$101,236 $0 $101,236
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 $719,142 $798,823 $2,092,377 $-79,681
2023 $762,602 $843,197 $2,212,049 $-80,595
2022 $654,174 $797,537 $2,556,714 $-143,363
2021 $1,249,612 $631,725 $2,805,955 $617,887
2020 $1,318,742 $475,555 $2,226,750 $843,187
2019 $614,961 $545,485 $263,322 $69,476
2018 $587,925 $562,631 $137,783 $25,294
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