THE BAUM SCHOOL OF ART (EIN 231607174) - 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

1926

Legal Domicile

Principal Officer

SHANNON FUGATE

Phone

6104330032

Tax Period

2024-07-01 to 2025-06-30

THE BAUM SCHOOL OF ART, founded in 1926, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2024. Revenue surged 102% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 57% operating margin.

Mission

THE BAUM SCHOOL'S MISSION IS TO ENRICH LIVES THROUGH ARTS EDUCATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,812,828

Program Service Revenue $913,399

Investment Income $62,616

Other Revenue $27,867

TOTAL REVENUE $3,816,710

Expense Breakdown

Grants Paid $246,202

Salaries & Benefits $861,636

Fundraising Expenses $126,138

Program Expenses $1,175,610

Other Expenses $550,747

TOTAL EXPENSES $1,658,585

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,816,710	$1,893,230	+1.0%
Expenses	$1,658,585	$1,490,039	+0.1%
Net Income	$2,158,125	$403,191	+4.4%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$111,959

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANET GROSS	PRESIDENT	2.00	Officer Director	$0	$0	$0
STEVEN ZELENKOFSKE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
SHELBI STONEBACK	SECRETARY	2.00	Officer Director	$0	$0	$0
ERIK LENTZ	TREASURER	2.00	Officer Director	$0	$0	$0
RAVI BAINS	BOARD MEMBER	2.00	Director	$0	$0	$0
MARCO CALDERON	BOARD MEMBER	2.00	Director	$0	$0	$0
AMY DOUGLASS	BOARD MEMBER	2.00	Director	$0	$0	$0
ARJANA ETCHASON	BOARD MEMBER	2.00	Director	$0	$0	$0
LISA FRAENKEL	BOARD MEMBER	2.00	Director	$0	$0	$0
DEREK GRIM	BOARD MEMBER	2.00	Director	$0	$0	$0
J LAWRENCE GRIM JR	BOARD MEMBER, EMERITUS	2.00	Director	$0	$0	$0
HOLLY HARTER	BOARD MEMBER	2.00	Director	$0	$0	$0
MARTHA HUTSON-SAXTON	BOARD MEMBER	2.00	Director	$0	$0	$0
J ROBERT LOVETT	BOARD MEMBER, EMERITUS	2.00	Director	$0	$0	$0
SUZANNE LYONS	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRISTINE MARTIN	BOARD MEMBER	2.00	Director	$0	$0	$0
JOSHUA MILLER	BOARD MEMBER	2.00	Director	$0	$0	$0
ANTHONY MOYER	BOARD MEMBER	2.00	Director	$0	$0	$0
D RICHARD POWELL	BOARD MEMBER	2.00	Director	$0	$0	$0
KATHLEEN REILLY WATERBURY	BOARD MEMBER	2.00	Director	$0	$0	$0
HOWARD STEVENS	BOARD MEMBER	2.00	Director	$0	$0	$0
CHARLES VAIL	BOARD MEMBER	2.00	Director	$0	$0	$0
SHANNON FUGATE	EXECUTIVE DIRECTOR	40.00	Officer	$107,530	$4,429	$111,959

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	$3,816,710	$1,658,585	$9,594,493	$2,158,125
2024	$1,893,230	$1,490,039	$6,642,678	$403,191
2023	$1,218,327	$1,354,786	$6,165,088	$-136,459
2022	$1,573,018	$1,103,809	$6,280,072	$469,209
2021	$1,085,717	$881,845	$6,143,519	$203,872
2020	$1,027,203	$1,091,733	$5,941,674	$-64,530
2019	$1,596,712	$1,278,417	$5,692,412	$318,295
2018	$1,401,623	$1,298,268	$5,367,223	$103,355

THE BAUM SCHOOL OF ART