Museum of African American History Inc (EIN 042429556) - 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

1968

Legal Domicile

Principal Officer

Dr Noelle Trent PhD

Phone

6177250022

Tax Period

2024-01-01 to 2024-12-31

Museum of African American History Inc, founded in 1968, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $3.0M exceeded revenue, resulting in a 159% operating deficit.

Mission

Black History Education

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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 $1,247,668

Program Service Revenue $208,276

Investment Income $0

Other Revenue $-296,723

TOTAL REVENUE $1,159,221

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,087,393

Fundraising Expenses $251,347

Program Expenses $1,797,905

Other Expenses $1,919,992

TOTAL EXPENSES $3,007,385

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,159,221	$987,903	+0.2%
Expenses	$3,007,385	$2,403,009	+0.3%
Net Income	$-1,848,164	$-1,415,106	+0.3%

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

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

$322,865

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jackie Glenn	Chair	12.00	Officer Director	$0	$0	$0
Garth Griffin	Treasurer	2.00	Officer Director	$0	$0	$0
Elaine Anastasia	Director	1.00	Director	$0	$0	$0
Marian Carpenter	Director	1.00	Director	$0	$0	$0
Judith Johnson	Director	1.00	Director	$0	$0	$0
Keith Lezama	Director	1.00	Director	$0	$0	$0
Dr Noelle Trent PhD	President & CEO	40.00	Officer	$206,536	$5,948	$212,484
Suzana Haxhiaj	Past Director of Finance	36.00	Officer	$108,461	$1,920	$110,381

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	$1,159,221	$3,007,385	$10,064,568	$-1,848,164
2023	$987,903	$2,403,009	$11,953,220	$-1,415,106
2022	$4,685,463	$2,176,521	$13,305,918	$2,508,942
2021	$1,101,120	$2,288,618	$10,612,334	$-1,187,498
2020	$1,815,643	$1,830,603	$11,541,412	$-14,960
2019	$1,319,059	$2,056,345	$11,457,423	$-737,286
2018	$1,558,370	$2,437,437	$12,134,947	$-879,067
2018	$1,558,370	$2,437,437	$12,134,947	$-879,067

Museum of African American History Inc