The Art Base

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

Basalt, CO

Total Revenue
$1,520,888
Total Expenses
$847,597
Total Assets
$2,161,747
Net Assets
$1,838,318
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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
Annie Henninger
Phone
9709274123
Tax Period
2025-01-01 to 2025-12-31

The Art Base, founded in 2004, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2025. Revenue surged 111% from the prior year, signaling strong growth momentum. The organization ran a surplus of $673K, a strong 44% operating margin.

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.

Program Service Accomplishments

Program 1
Expenses: $640,083 Revenue: $119,241

To support local artists in our community by providing public exhibition and artmaking opportunities. To foster creative expression through the visual arts for people of all ages and abilities. To...

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To support local artists in our community by providing public exhibition and artmaking opportunities. To foster creative expression through the visual arts for people of all ages and abilities. To provide community-driven programs and a learning environment committed to acceptance, accessibility, and learning art skills. Approximately 10,000 people benefitted from our programs.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,332,976
Program Service Revenue $101,570
Investment Income $8,939
Other Revenue $77,403
TOTAL REVENUE $1,520,888

Expense Breakdown

Grants Paid $0
Salaries & Benefits $492,204
Fundraising Expenses $82,419
Program Expenses $640,083
Other Expenses $355,393
TOTAL EXPENSES $847,597

Year-over-Year Comparison

2025 2024 Change
Revenue $1,520,888 $719,142 +1.1%
Expenses $847,597 $798,823 +0.1%
Net Income $673,291 $-79,681 -9.4%
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

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Governance

Voting Members
11
Independent Members
11
Employees
55
Volunteers
30

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
$111,316
Total Directors
11
$0
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 1.00
Director
$0 $0 $0
Gail Folwell Director 1.00
Director
$0 $0 $0
Steven Newton Director 1.00
Director
$0 $0 $0
Alyssa Erdman Director 1.00
Director
$0 $0 $0
Sarah McMahon Director 1.00
Director
$0 $0 $0
Alix Zangrilli Director 0.50
Director
$0 $0 $0
Katherine Orton Director 1.00
Director
$0 $0 $0
Annie Henninger Executive Director 40.00
Officer
$111,316 $0 $111,316
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 $1,520,888 $847,597 $2,161,747 $673,291
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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