ARTICHOKE COMMUNITY MUSIC

EIN: 364591261 501(c)(3) Arts, Culture & Humanities

Portland, OR

Total Revenue
$425,672
Total Expenses
$403,913
Total Assets
$219,315
Net Assets
$200,933
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
OR
Principal Officer
Dr Bob Lynn
Phone
5032328845
Tax Period
2024-01-01 to 2024-12-31

ARTICHOKE COMMUNITY MUSIC, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $426K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $404K left a modest 5% surplus.

Mission

ACM is a non-profit organization dedicated to building community by creating an environment that preserves and enriches the acoustic & folk music tradition. Our goal is to create an environment for learning and enjoying folk music by making it accessible to everyone. ACM teaches and celebrates music and cultural expressions rooted in the traditions of diverse American and global communities. Our goals include expanding our music and education programs for school-aged children, seniors and other under-served communities. In order to preserve and celebrate the folk music tradition, we also must support new aspiring musicians and introduce the community to professional musicians who make their living through music. In this way, we also support musicians who struggle to keep this art alive.

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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 $143,650
Program Service Revenue $282,022
Investment Income $0
Other Revenue $0
TOTAL REVENUE $425,672

Expense Breakdown

Grants Paid $0
Salaries & Benefits $100,299
Fundraising Expenses $395
Program Expenses $327,952
Other Expenses $303,614
TOTAL EXPENSES $403,913

Year-over-Year Comparison

2024 2023 Change
Revenue $425,672 $359,379 +0.2%
Expenses $403,913 $361,811 +0.1%
Net Income $21,759 $-2,432 -9.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
7
Employees
5
Volunteers
29

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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr Bob Lynn Board President 3
Officer Director
$0 $0 $0
Hank Hazen Secretary 2
Officer Director
$0 $0 $0
Bradford Bleidt Trustee 1
Director
$0 $0 $0
George Thompson Trustee 1
Director
$0 $0 $0
Woody Moran Trustee 1
Director
$0 $0 $0
Kelly Brightwell Trustee 1
Director
$0 $0 $0
Cynthia Langlykke Treasurer 3
Officer Director
$0 $0 $0
Eric Maxen Vice President 3
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 $425,672 $403,913 $219,315 $21,759
2023 $359,379 $361,811 $201,611 $-2,432
2022 $385,853 $427,018 $192,781 $-41,165
2021 $392,291 $385,076 $373,005 $7,215
2020 $405,801 $377,302 $379,305 $28,499
2019 $394,109 $360,914 $230,998 $33,195
2018 $364,611 $332,273 $207,709 $32,338
2017 $461,526 $403,988 $188,232 $57,538
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