Multimedia Resources and Training Institute (MMRTI)

EIN: 271028618 501(c)(3) Arts, Culture & Humanities

Seattle, WA

Total Revenue
$317,910
Total Expenses
$348,782
Total Assets
$217,088
Net Assets
$217,088
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
WA
Principal Officer
Assaye A Abunie
Phone
2066961381
Tax Period
2024-01-01 to 2024-12-31

Multimedia Resources and Training Institute (MMRTI), founded in 2022, is a small nonprofit in the Arts, Culture & Humanities sector that reported $318K in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring.

Mission

Youth are empowered to act as community advocates by learning digital photography, video production, digital imaging, journalism and documentary practices in interviewing, investigation, storytelling, and writing.

Program Service Accomplishments

Program 1
Expenses: $65,000 Revenue: $65,000

Yesler Young Media Makers Summer Program 1. The MMRTI Summer Young Media Makers Program, supported by the Seattle Housing Authority and Seattle University, provided paid internships for 45 middle...

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Yesler Young Media Makers Summer Program 1. The MMRTI Summer Young Media Makers Program, supported by the Seattle Housing Authority and Seattle University, provided paid internships for 45 middle school students and employed 12 mentors. Interns earned $1,200-$1,400 depending on age, and mentors were paid $20/hour over six weeks, with a total program cost of approximately $73,000. Participants learned video production, photography, interviewing, editing, research, and script writing. This summer, interns created 13 short documentaries addressing community issues impacting young people.

Program 2
Expenses: $40,000 Revenue: $40,000

Digital Navigator, SHA and City of Seattle 2. The Digital Navigator project, funded by the Seattle Housing Authority and the City of Seattle, has supported approximately 1,200 low-income residents at...

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Digital Navigator, SHA and City of Seattle 2. The Digital Navigator project, funded by the Seattle Housing Authority and the City of Seattle, has supported approximately 1,200 low-income residents at Yesler, Lake City, and North Seattle with essential digital equity services. These services include digital navigator assistance, technical support, digital skills training for 150 adults, and access to computer labs for internet use. The project also helped residents-especially older adults and BIPOC community members-enroll in low-cost internet programs. Funding of about $55,000 supported instructors, digital navigators, open lab assistants, and the purchase of necessary equipment access through the Affordable Connectivity Program (ACP) and $80,000.00 worth of computer was purchased for training purpose and over 100 laptops were given to those people who need computers most.

Program 3
Expenses: $35,000 Revenue: $35,000

Yesler Terrace After-School 3. The Yesler Terrace After-School Program, funded by the Best Starts for Kids program through Schools Out Washington, supported 15 young people during the school year and...

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Yesler Terrace After-School 3. The Yesler Terrace After-School Program, funded by the Best Starts for Kids program through Schools Out Washington, supported 15 young people during the school year and 20 students during the summer. The program provided homework assistance and taught leadership skills, civic engagement, visual communication, mentorship, and teamwork to youth ages 8-13. The annual $46,000 funding supports instructors, assistant instructors, mentors, and the purchase of supplies and materials.

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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 $317,910
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $317,910

Expense Breakdown

Grants Paid $0
Salaries & Benefits $53,800
Fundraising Expenses $0
Program Expenses $348,782
Other Expenses $294,744
TOTAL EXPENSES $348,782

Year-over-Year Comparison

2024 2023 Change
Revenue $317,910 $600,116 -0.5%
Expenses $348,782 $331,211 +0.1%
Net Income $-30,872 $268,905 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
15

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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Assaye Abunie Executive Director 30.00
Director
$0 $0 $0
Asfaha Lemlem Treasurer 2.00
$0 $0 $0
Paul Jackson Board Member 2.00
$0 $0 $0
Peter Gruenbaum Board Member 2.00
$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 $317,910 $348,782 $217,088 $-30,872
2023 $600,116 $331,211 No data $268,905
2022 $238,409 $236,415 No data $1,994
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