AFRO AMERICAN MUSIC INSTITUTE INC (EIN 251689025) - 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

1982

Legal Domicile

Principal Officer

JAMES JOHNSON JR

Phone

4122416775

Tax Period

2023-09-01 to 2024-08-31

AFRO AMERICAN MUSIC INSTITUTE INC, founded in 1982, is a small nonprofit that reported $273K in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $336K exceeded revenue, resulting in a 23% operating deficit.

Mission

PROVIDE SYSTEMATIC SPECIALIZED INSTRUMENTAL & VOCAL TRAINING IN AFRICAN- AMERICAN MUSIC

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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 (2023)

Revenue Breakdown

Contributions & Grants $218,192

Program Service Revenue $50,490

Investment Income $3,913

Other Revenue $0

TOTAL REVENUE $272,595

Expense Breakdown

Grants Paid $0

Salaries & Benefits $111,471

Fundraising Expenses $29,701

Program Expenses $163,413

Other Expenses $208,069

TOTAL EXPENSES $336,415

Year-over-Year Comparison

	2023	2022	Change
Revenue	$272,595	$425,234	-0.4%
Expenses	$336,415	$641,694	-0.5%
Net Income	$-63,820	$-216,460	-0.7%

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

$66,500

Total Directors

$66,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES JOHNSON JR	EXECUTIVE DI	40.00	Officer Director	$60,500	$0	$60,500
DR NELSON HARRISON	BUSINESS MAN	5.00	Officer Director	$0	$6,000	$6,000
DERYCK TINES	PRESIDENT	1.00	Officer Director	$0	$0	$0
SUZANNE RIDEOUT	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
PAM HURD	TREASURER	1.00	Officer Director	$0	$0	$0
LAWANDA LONG	SECRETARY	1.00	Officer Director	$0	$0	$0
CONNIE JAMES	BOARD MEMBER	1.00	Director	$0	$0	$0
MARYANN BORNEO	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIE KIHONIA	BOARD MEMBER	N/A	Director	$0	$0	$0
AKWASI OPOKU-DAKWA	BOARD MEMBER	N/A	Director	$0	$0	$0
CAROL KAZDIN	BOARD MEMBER	1.00	Director	$0	$0	$0
GRAHAM FANDREI	BOARD MEMBER	1.00	Director	$0	$0	$0
DR KENNETH PEAGLER	BOARD MEMBER	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
2024	$272,595	$336,415	$1,059,394	$-63,820
2023	$425,234	$641,694	$1,122,757	$-216,460
2022	$1,062,443	$330,054	$1,212,533	$732,389
2021	$261,015	$223,647	$492,552	$37,368
2020	$336,044	$204,097	$398,145	$131,947
2019	$153,127	$271,699	$276,324	$-118,572
2018	$293,518	$253,016	$342,560	$40,502

AFRO AMERICAN MUSIC INSTITUTE INC