Albina Music Trust

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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

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

To amplify the legacy of Albinas musician community through archival media preservation, events, and assorted programs.

Program Service Accomplishments

Program 1

Expenses: $79,829

Special Events including concerts and public speaking engagements. These events are for the community and are well attended. Paid speakers, actors, musicians are used as well as volunteers.

Program 2

Expenses: $225,238 Revenue: $14,784

Community archive operations to document historic media made publicly available for educational purposes.

Program 3

Educational lectures and performance with primary, secordary and post-secondary institutions.

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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 (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

Governance

Voting Members

Independent Members

N/A

Employees

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

$180,523

Highest Compensated

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