BASQUE FOUNDATION INC (EIN 260513270) - 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

2007

Legal Domicile

Principal Officer

ED ORBEA

Phone

2083227010

Tax Period

2023-01-01 to 2023-12-31

BASQUE FOUNDATION INC, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $449K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Net assets of $1.1M represent 30 months of operating reserves.

Mission

TO FOSTER, PROMULGATE AND SPREAD THE BASQUE CULTURE AND HERITAGE TO ITS MEMBERS, ITS MEMBERS' DESCENDANTS, THE PUBLIC, FRIENDS AND SUPPORTERS OF THE BASQUE COMMUNITY IN THE STATE OF IDAHO OR ELSEWHERE THROUGH OFFERING EDUCATIONAL PROGRAMS AND ACTIVITIES FOCUSING ON BASQUE STUDIES, MUSIC, DANCING, CUISINE AND RECREATION AND TO PROVIDE ECONOMIC ASSISTANCE TO ANY PERSON MAIMED OR FALLING SICK.

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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 (2023)

Revenue Breakdown

Contributions & Grants $101,125

Program Service Revenue $114,769

Investment Income $4,759

Other Revenue $227,934

TOTAL REVENUE $448,587

Expense Breakdown

Grants Paid $37,864

Salaries & Benefits $93,022

Fundraising Expenses $0

Program Expenses $368,591

Other Expenses $313,921

TOTAL EXPENSES $444,807

Year-over-Year Comparison

	2023	2022	Change
Revenue	$448,587	$476,857	-0.1%
Expenses	$444,807	$405,309	+0.1%
Net Income	$3,780	$71,548	-0.9%

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

300

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

$13,071

Total Directors

$13,071

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATTY GABICA HAAS	SECRETARY/TR	20.00	Officer Director	$13,071	$0	$13,071
JENNY ALDAPE	DIRECTOR	1.00	Director	$0	$0	$0
ISANA BENGOETXEA	DIRECTOR	1.00	Director	$0	$0	$0
MARK BIETER	DIRECTOR	1.00	Director	$0	$0	$0
JOSEBA CRISWELL	DIRECTOR	1.00	Director	$0	$0	$0
MIKE FRANZOIA	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
CHRISTINA GAMBOA	DIRECTOR	1.00	Director	$0	$0	$0
GINA GRIDLEY	DIRECTOR	1.00	Director	$0	$0	$0
ROMY SANTISTEVAN LEICHTFUSS	DIRECTOR	1.00	Director	$0	$0	$0
BERNICE MADARIAGA	DIRECTOR	1.00	Director	$0	$0	$0
ED ORBEA	PRESIDENT	2.00	Officer 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	No data	No data	No data	No data
2023	$448,587	$444,807	$1,128,655	$3,780
2022	$476,857	$405,309	$1,069,103	$71,548
2021	$182,146	$180,871	$1,033,610	$1,275
2020	$205,349	$218,156	$1,044,567	$-12,807
2019	$390,491	$398,359	$1,032,474	$-7,868
2018	$234,209	$278,465	$1,042,390	$-44,256

BASQUE FOUNDATION INC