PLANO AFRICAN AMERICAN MUSEUM (EIN 020639020) - 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

2002

Legal Domicile

Principal Officer

Dollie Thomas

Tax Period

2024-01-01 to 2024-12-31

PLANO AFRICAN AMERICAN MUSEUM, founded in 2002, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $86K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $25K, a strong 29% operating margin.

Mission

Plano African American Museum's mission is to tell the story of the fortitude it took to endure the hardships of slavery, the commitment to the dream of freedom and the many citizens that helped along the way. Our story is America's history. The museum is housed in a historic home deeded to John and Charity Thornton (a black couple) in the late 1800's at a time when it was impossible for African Americans to own property. The house sits in a historic community in Plano that serves as the first African American community in Plano, TX.

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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 $86,039

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $86,039

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $116

Program Expenses $54,541

Other Expenses $61,086

TOTAL EXPENSES $61,086

Year-over-Year Comparison

	2024	2023	Change
Revenue	$86,039	$71,109	+0.2%
Expenses	$61,086	N/A	N/A
Net Income	$24,953	$71,109	-0.6%

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

N/A

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
Terrill Brandon	President	1	Officer Director	$0	$0	$0
Dollie Thomas	Executive Director and Secretary	40	Officer Director Key Emp	$0	$0	$0
Linda Reed	Treasurer	5	Officer Director	$0	$0	$0
Jason Morgan	Director	3	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	$86,039	$61,086	$137,776	$24,953

PLANO AFRICAN AMERICAN MUSEUM