ASSOCIATION OF AFRICAN AMERICA MUSEUMS (AAAM) (EIN 311609577) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Principal Officer

VEDET COLEMAN-ROBINSON

Tax Period

2023-01-01 to 2023-12-31

ASSOCIATION OF AFRICAN AMERICA MUSEUMS (AAAM), founded in 1998, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 181% from the prior year, signaling strong growth momentum.

Mission

ANNUAL CONFERENCE TO OVER 200 MUSEUM PROFESSIONALS AND HOST MEMBER INSTITUTION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,274,515

Program Service Revenue $487,531

Investment Income $1,615

Other Revenue $101,987

TOTAL REVENUE $1,865,648

Expense Breakdown

Grants Paid $0

Salaries & Benefits $254,014

Fundraising Expenses $0

Program Expenses $453,299

Other Expenses $1,701,091

TOTAL EXPENSES $1,955,105

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,865,648	$662,828	+1.8%
Expenses	$1,955,105	$1,050,755	+0.9%
Net Income	$-89,457	$-387,927	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$179,575

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VEDET ROBINSON	EXECUTIVE DIR	40	Director	$179,575	$0	$179,575
OMAR EATON	PRESIDENT	5	Officer	$0	$0	$0
NOELLE TRENT	VICE PRESIDENT	3	Officer	$0	$0	$0
AHMAD WARD	SECRETARY	2	Officer	$0	$0	$0
TAMAR SMITHERS	BOARD MEMBER	2	Director	$0	$0	$0
TIMOTHY BARBER	BOARD MEMBER	2	Director	$0	$0	$0
DAMIKA BAKER	BOARD MEMBER	2	Director	$0	$0	$0
DINA BENNETT	BOARD MEMBER	2	Director	$0	$0	$0
ROBERT DAVIS	BOARD MEMBER	2	Director	$0	$0	$0
ROLANDO HERTS	BOARD MEMBER	2	Director	$0	$0	$0
JOY KINARD	BOARD MEMBER	2	Director	$0	$0	$0
ROBERT PARKER	BOARD MEMBER	2	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	No data	No data	No data	No data
2023	$1,865,648	$1,955,105	$1,187,125	$-89,457
2022	$662,828	$1,050,755	$1,235,355	$-387,927
2021	$1,396,099	$596,742	$1,626,390	$799,357
2020	$530,310	$248,449	$844,986	$281,861
2019	$456,562	$413,589	$553,579	$42,973

ASSOCIATION OF AFRICAN AMERICA MUSEUMS (AAAM)