GEORGE & LEAH MCKENNA MUSEUM OF AFRICAN AMERICAN ART (EIN 201080155) - 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

2011

Legal Domicile

Phone

5043235074

Tax Period

2024-01-01 to 2024-12-31

GEORGE & LEAH MCKENNA MUSEUM OF AFRICAN AMERICAN ART, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $237K in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $338K exceeded revenue, resulting in a 43% operating deficit.

Mission

The Museum seeks to make African American Art accessible to visitors of all age groups. The Museum also actively identifies and presents emerging artist.

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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 $130,496

Program Service Revenue $106,027

Investment Income $0

Other Revenue $0

TOTAL REVENUE $236,523

Expense Breakdown

Grants Paid $0

Salaries & Benefits $72,072

Fundraising Expenses $0

Program Expenses $16,500

Other Expenses $266,206

TOTAL EXPENSES $338,278

Year-over-Year Comparison

	2024	2023	Change
Revenue	$236,523	$164,683	+0.4%
Expenses	$338,278	$179,397	+0.9%
Net Income	$-101,755	$-14,714	+5.9%

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

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

$66,950

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dwight Mckenna	President	5.00	Officer Director	$0	$0	$0
Beverly Mckenna	Vice-President	20.00	Officer Director	$0	$0	$0
Leah M Coleman	At-Large Board Member	1.00	Officer Director	$0	$0	$0
Chris White	Treasurer	10.00	Officer	$0	$0	$0
Andrea Stricker	Office Manager	40.00	Key Emp Highest	$66,950	$0	$66,950
Mark Stanton Mckenna	At-Large Board Member	1.00	Director	$0	$0	$0
Sheralyn Gillard	Secretary	1.00	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
2024	$236,523	$338,278	$6,201,583	$-101,755
2023	$164,683	$179,397	$4,601,744	$-14,714
2022	$107,232	$166,288	$4,584,863	$-59,056
2021	$126,081	$165,610	$4,590,168	$-39,529

GEORGE & LEAH MCKENNA MUSEUM OF AFRICAN AMERICAN ART