DOLEMAN BLACK HERITAGE MUSEUM (EIN 331213124) - 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

2008

Legal Domicile

Principal Officer

Shakira Doleman

Tax Period

2022-01-01 to 2022-12-31

DOLEMAN BLACK HERITAGE MUSEUM, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $405K in total revenue in fiscal year 2022. Revenue surged 737% from the prior year, signaling strong growth momentum. The organization ran a surplus of $199K, a strong 49% operating margin.

Mission

Doleman Black Heritage Museum is a non profit organization with mission to COLLECT, PRESERVE, EXHIBIT and INTERPRET historical and cultural artifacts of African Americans in Washington County, Maryland; to protect and expand the legacy of the Doleman family; to provide insight and enlightened knowledge for the public; and, to serve as a resource for historical information of African-American history and culture locally and statewide.

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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 $405,201

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $405,201

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $218,261

Other Expenses $206,569

TOTAL EXPENSES $206,569

Year-over-Year Comparison

	2022	2021	Change
Revenue	$405,201	$48,428	+7.4%
Expenses	$206,569	$51,877	+3.0%
Net Income	$198,632	$-3,449	-58.6%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shakira Doleman	Executive Director	2.00	Director	$0	$0	$0
Herman Davis Jr	Vice President	2.00	Director	$0	$0	$0
PHOEBE HARRIS	President	4.00	Director	$0	$0	$0
Janice Kelsh	Secretary	4.00	Director	$0	$0	$0
Byron Mason	Member	2.00	Director	$0	$0	$0
Patricia Wilson-Cone	Clergy	2.00	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	No data	No data	No data	No data
2022	$405,201	$206,569	$387,500	$198,632
2021	$48,428	$51,877	$244,965	$-3,449
2020	$106,331	$50,885	$241,362	$55,446
2020	$106,331	$50,885	$241,362	$55,446
2019	$177,642	$152,382	$187,905	$25,260

DOLEMAN BLACK HERITAGE MUSEUM