Mitochondria have five distinct parts: the outer mitochondrial membrane, the intermembrane space, the inner mitochondrial membrane, the cristae space, and the matrix. The inner mitochondrial membrane is compartmentalized into cristae to enhance its ability to produce ATP through oxidative phosphorylation. The matrix contains enzymes, ribosomes, tRNA, and mitochondrial DNA that allow ATP production with the help of ATP synthase in the inner membrane.