INDUSTRY ONE

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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

2023

Legal Domicile

Principal Officer

MERAL MIDDLETON

Phone

5038941437

Tax Period

2023-05-05 to 2023-12-31

INDUSTRY ONE, founded in 2023, is a small nonprofit in the Arts, Culture & Humanities sector that reported $937K in total revenue in fiscal year 2023.

Mission

WE BELIEVE IN THE TRANSFORMATIVE POWER OF CREATIVITY TO CHANGE THE WORLD. BUT TO MAKE THAT CHANGE, WE HAVE TO START WITH OUR ROOTS. INDUSTRY ONE IS THE MANIFESTATION OF CREATIVES COMING TOGETHER TO REVITALIZE OUR CITY THROUGH MORE THAN JUST ART. WE CREATE CHANGE THROUGH SELF EXPRESSION, PHOTOGRAPHY, FILM, FOOD, MUSIC, PERFORMANCE, AND EVERY FACET OF CREATIVITY THAT EXISTS. FOR ARTISTS. FOR PEOPLE. FOR PORTLAND.

Program Service Accomplishments

Program 1

Expenses: $35,462

"ESTO ES VIDA" BY DORIAN ULISES LOPEZ MACIASAUGUST 2023 - OCTOBER 2023"ESTO ES VIDA" WAS INDUSTRY ONE'S SECOND OFFICIAL EXHIBITION. THE EXHIBITION AND COMMUNITY EVENT EMBRACED A WAY OF BEING THAT...

"ESTO ES VIDA" BY DORIAN ULISES LOPEZ MACIASAUGUST 2023 - OCTOBER 2023"ESTO ES VIDA" WAS INDUSTRY ONE'S SECOND OFFICIAL EXHIBITION. THE EXHIBITION AND COMMUNITY EVENT EMBRACED A WAY OF BEING THAT REVELS IN THE FULL SPECTRUM OF HUMANITY, CHERISHING THE OFTEN HIDDEN, UNKNOWN, AND OVERLOOKED EXPRESSIONS OF BEAUTY. AS VIEWERS ENTERED THE SPACE, THEY EMBARKED ON A JOURNEY, TRAVERSING EXPERIENCES AND EMOTIONS. THE EXHIBITION FEATURED A SHOWCASE OF LARGE-SCALE, FLOOR-TO-CEILING PRINTS, ALLOWING AN INTIMATE YET COLOSSAL CONNECTION WITH EVERY SUBJECT. OUR OPENING NIGHT ALLOWED FOR GALLERY ATTENDEES TO CONNECT AND INTERACT WITH THE ARTIST, AND FEATURED MUSIC BY MEXICO CITY BASED DJ AKA PRIEST. ADDITIONAL PROGRAMMING INCLUDED AN AFTER HOURS VENDOR NIGHT THAT FEATURED SMALL BUSINESSES FROM THE LOCAL LATINX COMMUNITY SELLING THEIR WARES, AND A CUMBIA DRAG NIGHT THAT FEATURED LOCAL BIPOC DRAG PERFORMERS. PROCEEDS FROM THE DRAG SHOW WERE DONATED TO THE ORGANIZATION, Q CENTER TO SUPPORT THE LGBTQIA+ COMMUNITY.

Program 2

Expenses: $17,214 Revenue: $15,500

WEST END WEDNESDAYS, BY INDUSTRY ONEJUNE 2023-PRESENTINDUSTRY ONE PROUDLY STARTED THE WEST END WEDNESDAY EVENT SERIES IN JUNE 2023. WE HAVE EXECUTED 14 EVENTS WITH VARYING COMMUNITY CENTERED...

WEST END WEDNESDAYS, BY INDUSTRY ONEJUNE 2023-PRESENTINDUSTRY ONE PROUDLY STARTED THE WEST END WEDNESDAY EVENT SERIES IN JUNE 2023. WE HAVE EXECUTED 14 EVENTS WITH VARYING COMMUNITY CENTERED PROGRAMMING IN OUR GALLERY SPACE. WE COORDINATE LOCAL BUSINESSES, GATHER FEEDBACK, CREATE SOCIAL ASSETS, AND PROMOTIONAL MATERIALS. WE HAVE HAD 25+ LOCAL BUSINESSES PARTICIPATE EVERY MONTH SINCE THE BEGINNING OF THE EVENT SERIES. WE ARE DEDICATED IN OUR EFFORTS TO SUPPORTING THE REVITALIZATION EFFORTS FOR DRIVING TRAFFIC BACK TO DOWNTOWN PORTLAND AFTER THE EFFECTS OF THE PANDEMIC. WEST END WEDNESDAY EXISTS TO IGNITE A NEW ENERGY AND DEFINE A COMMON VISION FOR DOWNTOWN SW PORTLAND. BY BUILDING RELATIONSHIPS WITH OUR NEIGHBORS AND BUSINESS PARTNERS, WE'RE NOT JUST ORGANIZING A ONCE-A-MONTH EVENT WE'RE ACTIVELY CREATING, TOGETHER, A NEIGHBORHOOD EVERYONE CAN LOVE TO LIVE, WORK, AND PLAY IN. THE LAST WEDNESDAY OF EVERY MONTH, FROM 5-8PM, THERE ARE SPECIAL EVENTS, AND PERKS, BUSINESSES IN THE WEST END NEIGHBORHOOD ARE OFFERING! "

Program 3

Expenses: $9,622

UPROOTED, BY NIKE LATINX DESIGN CREWOCTOBER 2023 - JANUARY 2024IN A WORLD WHERE MIGRATION IS OFTEN MISUNDERSTOOD, THIS EXHIBITION INVITED INDIVIDUALS TO EMBARK ON A JOURNEY INFUSED WITH HOPE, DREAMS, AND THE ENRICHING EMBRACE OF DIVERSITY. ILLUMINATING THE DIVERSE NARRATIVES, ENCOUNTERS, AND CONVICTIONS OF IMMIGRANTS AND THEIR DESCENDANTS, EACH WORK OF ART SERVED AS A POIGNANT TESTAMENT TO THEIR COLLECTIVE VISION FOR A WORLD THAT CELEBRATES DIVERSITY, CHAMPIONS EQUITY, AND FOSTERS MUTUAL RESPECT. IN COLLABORATION WITH THE NIKE LATINX DESIGN CREW, THE FOLLOWING ARTISTS CREATED WORKS THAT THEY DONATED FOR AN ART AUCTION FACILITATED BY INDUSTRY ONE TO RAISE FUNDS FOR THE ORGANIZATION, IMPACT IMMIGRATION. INDUSTRY ONE, AND NIKE LATINX DESIGN CREW RAISED $13,590 FOR IMPACT IMMIGRATION. ADDITIONAL COMMUNITY PROGRAMMING INCLUDED, SPOKEN WORD NIGHT HOSTED BY LOCAL COLLECTIVE, HOY POR TI MAANA POR NOSOTROS, A STUDENT-ARTIST WORKSHOP TAUGHT BY LOCAL ARTIST INES PAULINA RAMIREZ TO 10 STUDENTS FROM THE PORTLAND STATE UNIVERSITY DREAMERS CENTER, WITH A CAREER PANEL CONVERSATION WITH EXHIBITING ARTISTS YAZ ROSETE AND DANIELA TRIANA MAYORGA. INDUSTRY ONE HAD A FEATURED DISPLAY OF PRINTS FROM THE SHOW AT THE MECHA EDUCAT CONFERENCE AT PORTLAND STATE UNIVERSITY THAT HOSTED LATINO HIGHSCHOOL STUDENTS FROM ALL OVER THE STATE OF OREGON. EXHIBITING ARTISTS INCLUDED: YAZ ROSETE, DANIELA TRIANA MAYORGA, MANNY CABRERA, ARIELLE PICKETT, JOSE TEJADA, SAMUEL CARRILLO, JUAN HUERTA, RAUL ALEJANDRO, ROLANDO HERNANDEZ, RACHEL DENTI, CHANTEL SANCHEZ, DIEGO GUEVARA, ANA OCAMPO, FRANCISCO MORALES, NICO RODRIQUEZ, NEREIDA PEDROZA, VICTOR SOLOMON, KAREN MORENO, EDWIN CRUZ.

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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 (2023)

Revenue Breakdown

Contributions & Grants $921,144

Program Service Revenue $15,500

Investment Income $0

Other Revenue $0

TOTAL REVENUE $936,644

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $620,823

Other Expenses $934,367

TOTAL EXPENSES $934,367

Year-over-Year Comparison

	2023	2022	Change
Revenue	$936,644	N/A	N/A
Expenses	$934,367	N/A	N/A
Net Income	$2,277	N/A	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MERAL J MIDDLETON	CO-PRESIDENT & SECRETARY	1.00	Officer Director	$0	$0	$0
OVED VALADEZ	CO-PRESIDENT	1.00	Officer Director	$0	$0	$0
AJAY DATE	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER L STENSON	EXECUTIVE DIRECTOR	1.00	Officer	$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	No data	No data	No data	No data
2023	$936,644	$934,367	$8,869	$2,277