OREGON MUSIC FESTIVAL

EIN: 452603007 501(c)(3) Arts, Culture & Humanities

Portland, OR

Total Revenue
$255,700
Total Expenses
$252,806
Total Assets
$6,180
Net Assets
$6,180
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
OR
Principal Officer
Zvonimir Hacko
Phone
5039272910
Tax Period
2022-01-01 to 2022-12-31

OREGON MUSIC FESTIVAL, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $256K in total revenue in fiscal year 2022. Revenue surged 73% from the prior year, signaling strong growth momentum.

Mission

Oregon Music Festival's mission is the performance, production, and promotion of classical music through orchestral, choral/orchestra, and chamber music.

Program Service Accomplishments

Program 1
Expenses: $45,000

Oregon Music Festival normally produced three types of program offerings: Spring Edition, Summer Edition, and Fall Edition of concerts.

Program 2
Expenses: $144,335

Recordings: We do recordings of great classical music (due to COVID, some of the recordings had to be postponed). OMF continues in its international effort to provide concerts, masterclasses, and...

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Recordings: We do recordings of great classical music (due to COVID, some of the recordings had to be postponed). OMF continues in its international effort to provide concerts, masterclasses, and workshops, primarily in Europe. This year, due to COVID and the uncertainty in travel and public gatherings, we had to postpone some of the planned activities.

Program 3

This program was canceled due to COVID

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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 (2022)

Revenue Breakdown

Contributions & Grants $209,740
Program Service Revenue $45,960
Investment Income $0
Other Revenue $0
TOTAL REVENUE $255,700

Expense Breakdown

Grants Paid $0
Salaries & Benefits $119,769
Fundraising Expenses $0
Program Expenses $189,335
Other Expenses $133,037
TOTAL EXPENSES $252,806

Year-over-Year Comparison

2022 2021 Change
Revenue $255,700 $147,855 +0.7%
Expenses $252,806 $146,569 +0.7%
Net Income $2,894 $1,286 +1.3%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
3
Volunteers
N/A

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
3
$0
Total Directors
6
$0
Key Employees
1
$35,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Laurie Gold Treasurer 4.00
Officer
$0 $0 $0
Zvonimir Hacko Board Secretary 10.00
Officer
$0 $0 $0
Paolo Petrocell member 5.00
Director
$0 $0 $0
Erika Sanchez Board Chair 6.00
Officer
$0 $0 $0
Scott Cherne member 3.00
Director
$0 $0 $0
Elizabeth Wager member 6.00
Director
$0 $0 $0
Jan I Cesar member 4.00
Director
$0 $0 $0
Kayla Simpkins member 5.00
Director
$0 $0 $0
Ruza Ambrus member 5.00
Director
$0 $0 $0
Jeremy Lillie General Manager 7.00
Key Emp Highest
$35,000 $0 $35,000
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
2022 $255,700 $252,806 $6,180 $2,894
2020 $481,092 $361,641 $154,342 $119,451
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