MUSEUM OF AFRICAN AMERICAN HISTORY

🔒

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

1965

Legal Domicile

Principal Officer

NEIL BARCLAY

Phone

3134945800

Tax Period

2023-07-01 to 2024-06-30

MUSEUM OF AFRICAN AMERICAN HISTORY, founded in 1965, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $20.8M in total revenue in fiscal year 2023. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.3M, a strong 35% operating margin.

Mission

THE WRIGHT MUSEUM OPENS MINDS AND CHANGES LIVES THROUGH THE EXPLORATION AND CELEBRATIONS OF AFRICAN AMERICAN HISTORY AND CULTURE. THE WRIGHT MUSEUM PROVIDES LEARNING OPPORTUNITIES, EXHIBITIONS, PROGRAMS, AND EVENTS BASED ON COLLECTIONS AND RESEARCH THAT EXPLORE THE DIVERSE HISTORY AND CULTURE OF AFRICAN AMERICANS AND THEIR AFRICAN ORIGINS.

Program Service Accomplishments

Program 1

Expenses: $991,837

EDUCATIONAL PROGRAMS THE HEARTBEAT OF THE WRIGHT MUSEUM IS IN ITS WIDE ARRAY OF COMMUNITY PROGRAMMING, THE MAJORITY OF WHICH IS FREE AND OPEN TO THE PUBLIC. THE WRIGHT MUSEUM'S RICH, ANNUALLY...

EDUCATIONAL PROGRAMS THE HEARTBEAT OF THE WRIGHT MUSEUM IS IN ITS WIDE ARRAY OF COMMUNITY PROGRAMMING, THE MAJORITY OF WHICH IS FREE AND OPEN TO THE PUBLIC. THE WRIGHT MUSEUM'S RICH, ANNUALLY RECURRING CALENDAR INCLUDES OVER 250 PUBLIC EVENTS, INCLUDING CONCERT PERFORMANCES, THEATRICAL PRODUCTIONS, FAMILY AND CHILDREN'S PROGRAMS, FILM SCREENINGS, LECTURES, AND HEALTH AND WELLNESS WORKSHOPS. SEE SCHEDULE O FOR MORE INFORMATION ABOUT THE ACTIVITIES UNDER THIS PROGRAM.EXAMPLES INCLUDE MARTIN LUTHER KING JR. DAY, BLACK HISTORY MONTH, WOMEN'S HISTORY MONTH, THE FORD FREEDOM AWARDS, GRANDPARENTS DAY, KWANZAA, AND THE THREEDAY AFRICAN WORLD FESTIVAL THAT ATTRACTS OVER 250,000 ATTENDEES FROM AROUND THE WORLD. PARTNERSHIPS WITH AREA ARTS, CULTURE, AND MEDIA ORGANIZATIONS ARE A CRITICAL COMPONENT OF THIS AMBITIOUS SCHEDULE?

Program 2

Expenses: $7,849,341

EXHIBITIONS AND TOURS - CENTRALLY LOCATED IN MIDTOWN DETROIT WITHIN AMERICA'S LARGEST MAJORITY AFRICAN AMERICAN CITY, THE MOST IMPORTANT INTERNATIONAL CROSSING OF THE UNDERGROUND RAILROAD, AND A...

EXHIBITIONS AND TOURS - CENTRALLY LOCATED IN MIDTOWN DETROIT WITHIN AMERICA'S LARGEST MAJORITY AFRICAN AMERICAN CITY, THE MOST IMPORTANT INTERNATIONAL CROSSING OF THE UNDERGROUND RAILROAD, AND A PIVOTAL DESTINATION DURING THE 20TH CENTURY'S GREAT MIGRATION THE WRIGHT MUSEUM IS A LEADING, AND THE SECOND LARGEST, INSTITUTION DEDICATED TO THE AFRICAN AMERICAN EXPERIENCE. AS SUCH, THE WRIGHT MUSEUM PROVIDES A WELCOMING, INCLUSIVE ENVIRONMENT FOR PEOPLE OF ALL AGES, RACES, AND BACKGROUNDS TO IMMERSE THEMSELVES IN THE AFRICAN AMERICAN EXPERIENCE, AND TO GAIN A NEW APPRECIATION FOR THE DIVERSITY OF THE NATION. SEE SCHEDULE O FOR MORE INFORMATION ABOUT THE ACTIVITIES UNDER THIS PROGRAM.THE WRIGHT MUSEUM'S 125,000 SQUARE FOOT FACILITY INCLUDES SEVEN EXHIBITION AREAS.

🔒

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 $18,685,558

Program Service Revenue $1,565,623

Investment Income $0

Other Revenue $561,294

TOTAL REVENUE $20,812,475

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,531,453

Fundraising Expenses $553,950

Program Expenses $8,841,178

Other Expenses $9,004,724

TOTAL EXPENSES $13,536,177

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,812,475	$13,437,244	+0.5%
Expenses	$13,536,177	$10,273,143	+0.3%
Net Income	$7,276,298	$3,164,101	+1.3%

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

103

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

$895,218

Total Directors