Multimedia Resources and Training Institute (MMRTI) (EIN 271028618) - 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

2022

Legal Domicile

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.

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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 $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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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

N/A

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
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

Multimedia Resources and Training Institute (MMRTI)