Albina Music Trust

EIN: 993975378 501(c)(3) Arts, Culture & Humanities

Portland, OR

Total Revenue
$294,952
Total Expenses
$519,500
Total Assets
$164,423
Net Assets
$162,874
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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
2024
Legal Domicile
OR
Principal Officer
Owen R Smith IV
Phone
5038995035
Tax Period
2025-01-01 to 2025-12-31

Albina Music Trust, founded in 2024, is a small nonprofit in the Arts, Culture & Humanities sector that reported $295K in total revenue in fiscal year 2025. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $520K exceeded revenue, resulting in a 76% operating deficit.

Mission

Archive and restoration of a Black Communitys historic musical culture.

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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 (2025)

Revenue Breakdown

Contributions & Grants $222,669
Program Service Revenue $70,090
Investment Income $2,193
Other Revenue $0
TOTAL REVENUE $294,952

Expense Breakdown

Grants Paid $0
Salaries & Benefits $208,985
Fundraising Expenses $0
Program Expenses $305,067
Other Expenses $310,515
TOTAL EXPENSES $519,500

Year-over-Year Comparison

2025 2024 Change
Revenue $294,952 $588,027 -0.5%
Expenses $519,500 $160,135 +2.2%
Net Income $-224,548 $427,892 -1.5%
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

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Governance

Voting Members
3
Independent Members
N/A
Employees
1
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
1
$0
Total Directors
1
$0
Key Employees
1
$180,523
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Owen R Smith IV Exec Dir./Sec 040.00
Key Emp Highest
$180,523 $0 $180,523
Michelle DePass Board Director at Large 010.00
Director
$0 $0 $0
Kenneth W Berry Pres/Interim Treasurer 010.00
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
2025 $294,952 $519,500 $164,423 $-224,548
2024 No data No data No data No data
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