CHARLESTON, SC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)INTERNATIONAL AFRICAN AMERICAN MUSEUM, founded in 2007, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $11.2M in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. Net assets of $54.1M represent 58 months of operating reserves.
THE MISSION OF THE INTERNATIONAL AFRICAN AMERICAN MUSEUM (IAAM) IS TO HONOR THE UNTOLD STORIES OF THE AFRICAN AMERICAN JOURNEY AT ONE OF OUR COUNTRY'S MOST SACRED SITES. IAAM STEWARDS STORIES AND COLLECTIONS GROUNDED IN DIASPORIC, NATIONAL, AND SOUTH CAROLINA HISTORY TO SHARE IMPACT OF AFRICAN AMERICAN CULTURE AND HISTORY.
THE LEARNING AND ENGAGEMENT ACTIVITIES OF THE MUSEUM ENCOMPASS CURATORIAL AND EXHIBITION MANAGEMENT, PUBLIC EDUCATION AND PROGRAMS MANAGEMENT, AND SCHOOL GROUP MANAGEMENT. THIS DIVISION ALSO OVERSEES...
THE LEARNING AND ENGAGEMENT ACTIVITIES OF THE MUSEUM ENCOMPASS CURATORIAL AND EXHIBITION MANAGEMENT, PUBLIC EDUCATION AND PROGRAMS MANAGEMENT, AND SCHOOL GROUP MANAGEMENT. THIS DIVISION ALSO OVERSEES THE MANAGEMENT OF GENEALOGY SERVICES, PROVIDING PUBLIC ACCESS TO GENEALOGY TRAINING, EDUCATION, AND DATABASES, AS WELL AS HISTORICAL RECORDS. THE DIVISION IS RESPONSIBLE FOR DELIVERING INTERPRETIVE AND EDUCATIONAL INITIATIVES ALIGNED WITH THE MUSEUM'S MISSION THROUGH GALLERY AND DIGITAL EXHIBITIONS, VIRTUAL AND IN-PERSON PROGRAMS, AND PUBLIC ENGAGEMENT ACTIVITIES. STEWARDSHIP OF THE MUSEUM'S COLLECTION, WHICH INCLUDES OVER 700 ART PIECES, OBJECTS, AND ARTIFACTS SPANNING FROM THE 17TH CENTURY TO THE 21ST CENTURY, FALLS UNDER THIS DIVISION. THE COLLECTION, FEATURING SIGNIFICANT WORKS FROM AFRICAN AMERICAN COMMUNITIES AND THE AFRICAN DIASPORA, WITH A FOCUS ON WEST AFRICAN AND CARIBBEAN COMMUNITIES, IS INTEGRAL TO THE MUSEUM'S MISSION AND EDUCATIONAL PROGRAMS. BY MANAGING AND ACTIVATING THESE COLLECTIONS, THE LEARNING AND ENGAGEMENT DIVISION ENHANCES THE MUSEUM'S ROLE AS AN EDUCATIONAL AND CULTURAL RESOURCE, FOSTERING A DEEPER UNDERSTANDING AND APPRECIATION OF AFRICAN AMERICAN HISTORY AND CULTURE.
MUSEUM OPERATIONS MANAGES REVENUE-GENERATING DEPARTMENTS, INCLUDING THE CAF, RETAIL, AND EVENT RENTALS, CONTRIBUTING TO THE MUSEUM'S FINANCIAL STABILITY. THIS DIVISION ALSO OVERSEES VISITOR SERVICES...
MUSEUM OPERATIONS MANAGES REVENUE-GENERATING DEPARTMENTS, INCLUDING THE CAF, RETAIL, AND EVENT RENTALS, CONTRIBUTING TO THE MUSEUM'S FINANCIAL STABILITY. THIS DIVISION ALSO OVERSEES VISITOR SERVICES, WHICH MANAGES THE VISITOR EXPERIENCE INCLUSIVE OF TICKET SALES. ADDITIONALLY, MUSEUM OPERATIONS IS RESPONSIBLE FOR IT MANAGEMENT, ENSURING THE TECHNOLOGICAL INFRASTRUCTURE SUPPORTS ALL MUSEUM ACTIVITIES.
THE FACILITY OPERATIONS ACTIVITIES OF THE MUSEUM MANAGE FACILITIES, GARDENS, SECURITY, AND TECHNOLOGY INFRASTRUCTURE. THIS DIVISION ENSURES THE MAINTENANCE AND FUNCTIONALITY OF MUSEUM PROPERTIES...
THE FACILITY OPERATIONS ACTIVITIES OF THE MUSEUM MANAGE FACILITIES, GARDENS, SECURITY, AND TECHNOLOGY INFRASTRUCTURE. THIS DIVISION ENSURES THE MAINTENANCE AND FUNCTIONALITY OF MUSEUM PROPERTIES, IMPLEMENTS SECURITY MEASURES (INCLUDING PERSONNEL AND SECURITY TECHNOLOGY), AND OVERSEES CAPITAL PROJECTS FOR FACILITY IMPROVEMENTS AND MAINTENANCE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $11,151,191 | $7,405,662 | +0.5% |
| Expenses | $12,034,464 | $14,059,329 | -0.1% |
| Net Income | $-883,273 | $-6,653,667 | -0.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| BISHOP CLAUDE ALEXANDER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ROSS A APPEL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT E BRANAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| VERNITA BROWN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DR TAMARA BUTLER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MIGNON CLYBURN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM COGSWELL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| HENRY E DARBY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RICHARD D ELLIOTT ESQ | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL P GIANONI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ANNA GLASS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DR DAVID GOLTRA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| REV DR ISAAC J HOLT JR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| WILBUR E JOHNSON ESQ | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GEORGE LOENING | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KENT MATLOCK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LENARD MCKELVEY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MINOR MICKEL SHAW | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| REV DR KYLON J MIDDLETON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CAROLYN MURRAY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOSEPH P RILEY JR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| HALLE TECCO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DR DWAUN WARMACK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DR HEATHER ANDREA WILLIAMS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GRADY L CROSBY | BOARD CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| P KEITH WARING | VICE CHAIR, EX-OFFICIO | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JAMES HAIRSTON | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ERWIN MADDREY II | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DR TONYA MATTHEWS | CHIEF EXECUTIVE OFFICER | 40.00 |
Officer
|
$229,982 | $12,566 | $242,548 |
| DIANNE FIRMENT | CHIEF FINANCIAL OFFICER | 40.00 |
Officer
|
$229,191 | $11,821 | $241,012 |
| MALIKA PRYOR | CHIEF LEARNING & ENGAGEMENT OFFICER | 40.00 |
Officer
|
$144,925 | $10,764 | $155,689 |
| VIRGINIA DEERIN | MAJOR GIFTS OFFICER | 40.00 |
Officer
|
$151,605 | $9,914 | $161,519 |
| ROBYN WEBB WILLIAMS | DEVELOPMENT DIRECTOR | 40.00 |
Highest
|
$108,010 | $6,666 | $114,676 |
| ROBYN WATERSTON | DEVELOPMENT DIRECTOR | 40.00 |
Highest
|
$109,621 | $753 | $110,374 |
| RONALD BURNETTE | FACILITIES DIRECTOR | 40.00 |
Highest
|
$102,500 | $0 | $102,500 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $11,151,191 | $12,034,464 | $73,547,323 | $-883,273 |
| 2023 | $7,405,662 | $14,059,329 | $73,552,670 | $-6,653,667 |
| 2022 | $11,921,609 | $19,120,880 | $63,921,905 | $-7,199,271 |
| 2021 | $29,654,302 | $5,955,188 | $69,899,271 | $23,699,114 |
| 2020 | $5,717,337 | $5,060,651 | $45,790,957 | $656,686 |
| 2019 | $18,695,151 | $1,800,800 | $44,515,957 | $16,894,351 |
| 2018 | $14,823,486 | $4,692,084 | $27,696,773 | $10,131,402 |
Compare INTERNATIONAL AFRICAN AMERICAN MUSEUM with other nonprofits in South Carolina and across the country.