THE MUSEUM FOR AFRICAN ART D/B/A THE AFRICA CENTER (EIN 133137461) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

ADOLPHINE UMUKOBWA

Phone

2124449795

Tax Period

2024-07-01 to 2025-06-30

THE MUSEUM FOR AFRICAN ART D/B/A THE AFRICA CENTER, founded in 1983, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.8M in total revenue in fiscal year 2024. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $3.7M exceeded revenue, resulting in a 34% operating deficit.

Mission

A NONPROFIT, NONPARTISAN, MULTIDISCIPLINARY INSTITUTION, PROVIDES A GATEWAY FOR ENGAGEMENT WITH CONTEMPORARY AFRICA.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,527,849

Program Service Revenue $0

Investment Income $240,996

Other Revenue $16,892

TOTAL REVENUE $2,785,737

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,608,507

Fundraising Expenses $605,066

Program Expenses $2,266,759

Other Expenses $2,052,454

TOTAL EXPENSES $3,720,961

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,785,737	$7,531,386	-0.6%
Expenses	$3,720,961	$3,509,909	+0.1%
Net Income	$-935,224	$4,021,477	-1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$530,511

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHELSEA CLINTON	CO-CHAIR	2.00	Officer Director	$0	$0	$0
JENDAYI E FRAZER	CO-CHAIR	2.00	Officer Director	$0	$0	$0
HALIMA DANGOTE	PRESIDENT	1.00	Officer Director	$0	$0	$0
BENJAMIN STEIN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MEREDITH MARSHALL	TREASURER	1.00	Officer Director	$0	$0	$0
ELIZABETH TANYA MASIYIWA	SECRETARY	1.00	Officer Director	$0	$0	$0
TEMI ADENIJI	TRUSTEE	1.00	Director	$0	$0	$0
JIM BILDNER	TRUSTEE	1.00	Director	$0	$0	$0
JAMIE COOPER	TRUSTEE	1.00	Director	$0	$0	$0
MAJA HOFFMANN	TRUSTEE	1.00	Director	$0	$0	$0
BLAIR MILLER	TRUSTEE	1.00	Director	$0	$0	$0
GBENGA OYEBODE	TRUSTEE	1.00	Director	$0	$0	$0
DR MICHAELA DE PURY	TRUSTEE	1.00	Director	$0	$0	$0
DANA REED	TRUSTEE	1.00	Director	$0	$0	$0
MEREDITH JAMES	TRUSTEE	1.00	Director	$0	$0	$0
FATIMA DANGOTE	TRUSTEE	1.00	Director	$0	$0	$0
KANAYO AWANI	TRUSTEE	1.00	Director	$0	$0	$0
MARTIN KIMANI	CEO (JOINED 2/25)	40.00	Officer	$0	$0	$0
UZODINMA IWELA	CEO (THROUGH 2/25)	40.00	Officer	$295,923	$32,712	$328,635
ADOLPHINE UMUKOBWA	CHIEF OF STAFF	40.00	Officer	$174,500	$27,376	$201,876
CHINENYENWA OGUNRO	COO (THROUGH 11/23)	40.00		$139,926	$29,976	$169,902

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	$2,785,737	$3,720,961	$85,447,071	$-935,224
2024	$7,531,386	$3,509,909	$86,428,481	$4,021,477
2023	$1,738,866	$3,402,371	$82,696,141	$-1,663,505
2022	$1,548,448	$3,008,952	$84,429,180	$-1,460,504
2021	$2,558,651	$2,456,459	$86,222,258	$102,192
2020	$9,981,791	$2,774,593	$86,577,954	$7,207,198
2019	$13,627,719	$2,460,144	$83,632,521	$11,167,575
2018	$5,189,558	$2,245,519	$71,934,109	$2,944,039

THE MUSEUM FOR AFRICAN ART D/B/A THE AFRICA CENTER