AFRICAN AMERICAN MUSEUM IN PHILADELPHIA (EIN 231941617) - 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

1974

Legal Domicile

Principal Officer

DONN SCOTT

Phone

2155740380

Tax Period

2022-07-01 to 2023-06-30

AFRICAN AMERICAN MUSEUM IN PHILADELPHIA, founded in 1974, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.6M in total revenue in fiscal year 2022. Revenue surged 106% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.9M, a strong 44% operating margin.

Mission

THE AFRICAN AMERICAN MUSEUM IN PHILADELPHIA ENGAGES DIVERSE COMMUNITIES IN APPRECIATING THE BLACK EXPERIENCE THROUGH THE NARRATIVE OF ART, HISTORY, AND CULTURE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $5,120,447

Program Service Revenue $681,551

Investment Income $0

Other Revenue $772,809

TOTAL REVENUE $6,574,807

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,158,891

Fundraising Expenses $355,659

Program Expenses $2,097,468

Other Expenses $2,544,314

TOTAL EXPENSES $3,703,205

Year-over-Year Comparison

	2022	2021	Change
Revenue	$6,574,807	$3,191,767	+1.1%
Expenses	$3,703,205	$3,133,875	+0.2%
Net Income	$2,871,602	$57,892	+48.6%

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

$164,306

Total Directors

$164,306

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASHLEY S JORDAN	PRESIDENT & CEO	40.00	Officer Director	$164,306	$0	$164,306
OBRA S KERNODLE IV	EX-OFFICIO BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHANIE COSTA	BOARD MEMBER	1.00	Director	$0	$0	$0
ADE LAWAL	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHANIE MAYS BOYD	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICK M OATES	BOARD MEMBER	1.00	Director	$0	$0	$0
MUSTAFA L RASHED	BOARD MEMBER	1.00	Director	$0	$0	$0
STANLEY L STRAUGHTER	BOARD MEMBER	1.00	Director	$0	$0	$0
ISAIAH THOMAS	BOARD MEMBER	1.00	Director	$0	$0	$0
LOWELL L THOMAS ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
SYLVIA WATS MCKINNEY	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
HAROLD T EPPS	CHAIRMAN EMERITUS	1.00	Director	$0	$0	$0
MICHAEL B HILL	CHAIRMAN EMERITUS	1.00	Director	$0	$0	$0
ERNEST JONES ESQ	CHAIRMAN EMERITUS	1.00	Director	$0	$0	$0
M CLARIE LOMAX ESQ	CHAIRMAN EMERITUS	1.00	Director	$0	$0	$0
ROBERT JAFFE	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN D NESBITT	CHAIRMAN EMERITUS	1.00	Director	$0	$0	$0
SHAWN HENDRICKS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOAN GUBERNICK	BOARD MEMBER	1.00	Director	$0	$0	$0
SABRINA M BROOKS	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
BRIAN COHEN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
DONN G SCOTT	TREASURER	2.00	Officer Director	$0	$0	$0
ROBERTA G TORIAN	SECRETARY	2.00	Officer Director	$0	$0	$0
MICHAEL G HORSEY CPA	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
ALEX ALSTON	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNE ANDRES	BOARD MEMBER	1.00	Director	$0	$0	$0
ARTHUR M AYRES JR CPA	BOARD MEMBER	1.00	Director	$0	$0	$0
JANNIE BLACKWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
CLARENCE BOURNE	BOARD MEMBER	1.00	Director	$0	$0	$0
KEMEL DAWKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
GREGORY DEAVENS	BOARD MEMBER	1.00	Director	$0	$0	$0
SANDRA DUNGEE GLENN	EX-OFFICIO BOARD MEMBER	1.00	Director	$0	$0	$0
NICOLE DAY-ANDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
FRANK EDMONDS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN HANSON	BOARD MEMBER	1.00	Director	$0	$0	$0
CARL E SINGLEY ESQ	CHAIRMAN EMERITUS	1.00	Director	$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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$6,574,807	$3,703,205	$6,397,343	$2,871,602
2022	$3,191,767	$3,133,875	$3,704,226	$57,892
2021	$2,188,357	$3,347,130	$3,193,527	$-1,158,773
2020	$1,903,122	$3,479,280	$3,292,486	$-1,576,158
2019	$2,428,812	$3,215,546	$4,052,039	$-786,734
2018	$2,182,278	$2,909,630	$4,464,710	$-727,352
2017	$2,291,099	$2,945,652	$4,888,155	$-654,553

AFRICAN AMERICAN MUSEUM IN PHILADELPHIA