Bainbridge Artisan Resource Network

EIN: 270188882 501(c)(3) Education

Bainbridge Island, WA

Total Revenue
$2,392,665
Total Expenses
$2,348,284
Total Assets
$9,934,008
Net Assets
$8,928,097
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
WA
Principal Officer
Grae Drake
Phone
2068424475
Tax Period
2024-01-01 to 2024-12-31

Bainbridge Artisan Resource Network, founded in 2009, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Net assets of $8.9M represent 45 months of operating reserves.

Mission

To grow and inspire a creative community through craft, learning, and service. To accomplish that mission, BARN (1) maintains a well-equipped facility with a variety of craft studios, (2) offers access to all studios for members as well as the public, (3) offers classes and events that increase the ability of participants to learn and expand their skills, and (4) supports other non-profit organizations through community service using our core competencies.

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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 $1,095,491
Program Service Revenue $1,245,379
Investment Income $44,309
Other Revenue $7,486
TOTAL REVENUE $2,392,665

Expense Breakdown

Grants Paid $0
Salaries & Benefits $993,980
Fundraising Expenses $188,236
Program Expenses $1,673,214
Other Expenses $1,354,304
TOTAL EXPENSES $2,348,284

Year-over-Year Comparison

2024 2023 Change
Revenue $2,392,665 $2,081,207 +0.1%
Expenses $2,348,284 $2,011,879 +0.2%
Net Income $44,381 $69,328 -0.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
28
Volunteers
333

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
$131,392
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Grae Drake CEO 40.00
Officer
$121,232 $10,160 $131,392
Sean Eaton Board Member 1.00
Director
$0 $0 $0
Ian Forbes Board Member 1.00
Director
$0 $0 $0
Jeff Williams Board Member 1.00
Director
$0 $0 $0
Mel Carson Board Member 1.00
Director
$0 $0 $0
Tom Hogan Board Member 1.00
Director
$0 $0 $0
Warren Pollock Board Member 1.00
Director
$0 $0 $0
Erin Thomasson Board Member 1.00
Director
$0 $0 $0
Sallie Maron President 1.00
Officer Director
$0 $0 $0
Craig Wakefield Vice President 1.00
Officer Director
$0 $0 $0
Grace Harris Treasurer 1.00
Officer Director
$0 $0 $0
Kimber Brown Secretary 1.00
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 $2,392,665 $2,348,284 $9,934,008 $44,381
2023 $2,081,207 $2,011,879 $10,141,598 $69,328
2022 $1,408,319 $1,689,417 $10,292,489 $-281,098
2021 $1,046,018 $1,279,309 $10,787,363 $-233,291
2020 $1,457,798 $1,040,063 $9,568,574 $417,735
2019 $917,744 $1,325,489 $9,047,757 $-407,745
2018 $1,128,811 $1,071,914 $9,426,687 $56,897
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