BASILICA ARTS INC

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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

2014

Legal Domicile

Principal Officer

MELISSA AUF DER MAUR

Phone

5188221050

Tax Period

2024-01-01 to 2024-12-31

BASILICA ARTS INC, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $456K in total revenue in fiscal year 2024. Expenses of $601K exceeded revenue, resulting in a 32% operating deficit.

Mission

BASILICA ARTS IS A MULTIDISCIPLINARY ARTS CENTER IN HUDSON, NY THAT SUPPORTS THE CREATION, PRODUCTION, AND PRESENTATION OF ARTS AND CULTURE WHILE FOSTERING SUSTAINABLE COMMUNITY RELATIONS. THE ORGANIZATION'S EVENTS INCLUDE MUSIC, PERFORMANCE, FILM, FOOD, AND LITERARY PROGRAMMING AS WELL AS HOSTING REGULAR FILM SCREENINGS SERIES, ART EXHIBITIONS, AND OTHER COMMUNITY GATHERINGS. ITS MISSION IS TO ENLIVEN THE COMMUNITY THROUGH A DYNAMIC ROSTER OF PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $414,780

PRESENTED ART EXHIBITIONS AND OTHER CULTURAL PROGRAMS THAT INCLUDED EVENTS CENTERED AROUND MUSIC, PERFORMANCE, FILM, FOOD, AND LITERACY.

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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 $110,704

Program Service Revenue $345,235

Investment Income $0

Other Revenue $0

TOTAL REVENUE $455,939

Expense Breakdown

Grants Paid $0

Salaries & Benefits $155,210

Fundraising Expenses $2,570

Program Expenses $414,780

Other Expenses $445,822

TOTAL EXPENSES $601,032

Year-over-Year Comparison

	2024	2023	Change
Revenue	$455,939	$425,034	+0.1%
Expenses	$601,032	$552,286	+0.1%
Net Income	$-145,093	$-127,252	+0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA AUF DER MAUR	Director	10.00	Director	$0	$0	$0
Joshua Cohen	Director	1.00	Director	$0	$0	$0
CECIL CASTELLUCCI	Director	1.00	Director	$0	$0	$0
RAJ KUMAR	Director	1.00	Director	$0	$0	$0
CATHRYN DWYRE	Director	1.00	Director	$0	$0	$0
REBECCA FOON	Director	1.00	Director	$0	$0	$0
SONIA SKINDRUD	Chair	1.00	Officer Director	$0	$0	$0
Jessica Wallen	Secretary	1.00	Officer Director	$0	$0	$0
Stacey Morrison	Executive Director	0.00		$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	$455,939	$601,032	$35,532	$-145,093
2023	$425,034	$552,286	$163,704	$-127,252
2022	$361,892	$507,047	$303,898	$-145,155
2021	$479,218	$295,137	$432,065	$184,081
2020	$267,161	$261,840	$240,560	$5,321
2019	$478,102	$427,939	$266,183	$50,163
2018	$495,975	$461,297	$208,207	$34,678