INTERNATIONAL AFRICAN AMERICAN MUSEUM

EIN: 203398254 501(c)(3) Arts, Culture & Humanities

CHARLESTON, SC

Total Revenue
$11,151,191
Total Expenses
$12,034,464
Total Assets
$73,547,323
Net Assets
$54,083,336
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
SC
Principal Officer
DR TONYA MATTHEWS
Phone
8438725352
Tax Period
2024-01-01 to 2024-12-31

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.

Mission

HONOR THE UNTOLD STORIES OF THE AFRICAN AMERICAN JOURNEY AT ONE OF OUR COUNTRY'S MOST SACRED SITES

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,081,659
Program Service Revenue $2,513,388
Investment Income $443,793
Other Revenue $112,351
TOTAL REVENUE $11,151,191

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,693,305
Fundraising Expenses $2,239,669
Program Expenses $7,046,390
Other Expenses $7,341,159
TOTAL EXPENSES $12,034,464

Year-over-Year Comparison

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%
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

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Governance

Voting Members
28
Independent Members
28
Employees
69
Volunteers
107

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
8
$800,768
Total Directors
28
$0
Key Employees
0
$0
Highest Compensated
3
reported
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
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 $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
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