Highlands, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)The Bascom Corporation, founded in 1998, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $2.0M exceeded revenue, resulting in a 21% operating deficit.
The Bascom creates visual art experiences that inspire and empower individuals and communities through seeing, thinking and doing.
Through engaging the artistic imagination, we build human capacity and resilience in the people of our region and infuse the creative economy of Western North Carolina with opportunities for...
Through engaging the artistic imagination, we build human capacity and resilience in the people of our region and infuse the creative economy of Western North Carolina with opportunities for community members, visitors, and artists alike. We serve the public at large by offering 9-12 exhibitions annually, free of charge, and fee-based art classes and studio experiences throughout the year. We support artists by offering professional opportunities for residencies, exhibitions, teaching, curatorships, and retail sales. We serve youth in our community by partnering with other local nonprofits and schools to provide art-infused STEM and literacy education, and we offer on-site classes and arts-based summer camps. We also provide school teachers with in-service professional development opportunities.
The Bascoms Public Programs serve 3,000 participants of all ages living in Macon and Jackson counties. Activities include free art exhibitions and adjoining programming, artist residencies, in-class...
The Bascoms Public Programs serve 3,000 participants of all ages living in Macon and Jackson counties. Activities include free art exhibitions and adjoining programming, artist residencies, in-class and out-of-school-time STEAM and art activities, professional development opportunities for local educators, workshops, camps, and sales opportunities for local artists.
2023 Achievements **Provided 11 high-quality, free-admission exhibits to 20,000 visitors **Reached 3,700 participants through our 23 free outreach programs **Improved workshop access by providing...
2023 Achievements **Provided 11 high-quality, free-admission exhibits to 20,000 visitors **Reached 3,700 participants through our 23 free outreach programs **Improved workshop access by providing $17,560 in scholarships **Offered 4 resident artist opportunities **Offered 36 teaching artist opportunities **Supported 325 artists through our exhibition and retail programs **Offered 8 curatorial and juror opportunities
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,694,062 | $2,550,789 | -0.3% |
| Expenses | $2,043,079 | $1,779,722 | +0.1% |
| Net Income | $-349,017 | $771,067 | -1.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Karin Peterson | Retiring Executive Director | 40.00 |
Officer
|
$125,000 | $812 | $125,812 |
| William Love | Co-Executive Director | 40.00 |
Officer
|
$92,787 | $2,273 | $95,060 |
| Niki Kinkade | Incoming Executive Director | 0.00 |
Officer
|
$0 | $0 | $0 |
| Ann Wrobleski | Chair | 8.00 |
Officer
Director
|
$0 | $0 | $0 |
| William Jump | Treasurer | 8.00 |
Officer
Director
|
$0 | $0 | $0 |
| Margaret Denny | Vice-Chair | 8.00 |
Officer
Director
|
$0 | $0 | $0 |
| Jo Hill | Secretary | 8.00 |
Officer
Director
|
$0 | $0 | $0 |
| Susan Tarver | Asst Treasurer | 8.00 |
Officer
Director
|
$0 | $0 | $0 |
| Andrew Adams | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| David Bock | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Michael Crowe | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Kathleen Hohlstein | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Maudie Huff | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Barbara Jamison | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Mark Mahaffey | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Myron Mall | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Carol Misner | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Kirk Moore | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Charlene Palmisano | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Nancy Race | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Rebecca Rieder | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| C Marie Sharpe | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Ansley Tolleson | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Marcia Weber | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Hilary Wilkes | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Nancy Dyleski | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Bob Gross | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Beverly Seinsheimer | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Mary Thompson | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $1,694,062 | $2,043,079 | $11,987,724 | $-349,017 |
| 2022 | $2,550,789 | $1,779,722 | $12,126,456 | $771,067 |
| 2021 | $1,588,338 | $1,585,271 | $11,572,802 | $3,067 |
| 2020 | $1,469,105 | $1,626,758 | $11,380,323 | $-157,653 |
| 2019 | $2,417,432 | $1,885,974 | $11,661,712 | $531,458 |
| 2018 | $2,946,063 | $1,955,319 | $12,443,974 | $990,744 |
Compare The Bascom Corporation with other nonprofits in North Carolina and across the country.