ALBERTA ABBEY FOUNDATION (EIN 473125530) - 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

2016

Legal Domicile

Principal Officer

DORIANNA PHILLIPS

Phone

5038977037

Tax Period

2024-01-01 to 2024-12-31

ALBERTA ABBEY FOUNDATION, founded in 2016, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 10% surplus.

Mission

ALBERTA ABBEY AIMS TO NUTURE THE CREATIVE, VISUAL AND PERFORMING ARTS IN N/NE PORTLAND BY AMPLIFYING OPPORTUNITIES FOR BLACK AND UNDERREPRESENTED COMMUNITIES. THE ABBEY SERVES THIS MISSION BY PROVIDING AFFORDABLE EDUCATION, GALLERY, STUDIO, AND PERFORMANCE SPACES, AND SHOWCASING EVENTS FOR LOCAL GROUPS OF ALL AGES.

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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 $378,596

Program Service Revenue $889,694

Investment Income $284

Other Revenue $0

TOTAL REVENUE $1,268,574

Expense Breakdown

Grants Paid $0

Salaries & Benefits $331,906

Fundraising Expenses $24,178

Program Expenses $972,316

Other Expenses $811,920

TOTAL EXPENSES $1,143,826

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,268,574	$1,120,533	+0.1%
Expenses	$1,143,826	$1,151,244	0.0%
Net Income	$124,748	$-30,711	-5.1%

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

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
BRIAN GILLIS	PRESIDENT/SE	4.00	Officer Director	$0	$0	$0
ERIC PAINE	DIRECTOR	2.00	Director	$0	$0	$0
JERRY PETERSEN	DIRECTOR	10.00	Officer Director	$0	$0	$0
DORIANNA PHILLIPS	TREASURER	2.00	Officer Director	$0	$0	$0
JEANA WOOLLEY	DIRECTOR	2.00	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	$1,268,574	$1,143,826	$206,731	$124,748
2023	$1,120,533	$1,151,244	$109,598	$-30,711
2022	$680,182	$770,725	$92,027	$-90,543
2021	$396,365	$423,503	$219,349	$-27,138
2020	$246,229	$331,527	$137,291	$-85,298
2019	$318,080	$398,704	$48,243	$-80,624
2018	$279,927	$287,465	$76,163	$-7,538

ALBERTA ABBEY FOUNDATION