MOTOWN HISTORICAL MUSUEM INC

EIN: 382614561 501(c)(3) Arts, Culture & Humanities

DETROIT, MI

Total Revenue
$9,466,587
Total Expenses
$5,574,203
Total Assets
$55,668,901
Net Assets
$54,355,852
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
MI
Principal Officer
ROBIN TERRY
Phone
3138752264
Tax Period
2023-10-01 to 2024-09-30

MOTOWN HISTORICAL MUSUEM INC, founded in 1985, is a community nonprofit in the Arts, Culture & Humanities sector that reported $9.5M in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $3.9M, a strong 41% operating margin.

Mission

THE ORGANIZATION COLLECTS DOCUMENTS, OBJECTS, PICTURES, CLOTHING, AND ARTIFACTS WHICH DEPICT AND DEMONSTRATE THE HISTORY, AND PRESERVE THE LEGACY AND TRADITION, OF A MUSICAL ERA FOR DISPLAY TO THE PUBLIC.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,699,268
Program Service Revenue $1,659,279
Investment Income $1,161,707
Other Revenue $946,333
TOTAL REVENUE $9,466,587

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,256,649
Fundraising Expenses $0
Program Expenses $5,574,203
Other Expenses $3,317,554
TOTAL EXPENSES $5,574,203

Year-over-Year Comparison

2023 2022 Change
Revenue $9,466,587 $14,252,128 -0.3%
Expenses $5,574,203 $4,690,514 +0.2%
Net Income $3,892,384 $9,561,614 -0.6%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
11
Employees
47
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
1
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBIN TERRY CHAIR & CEO N/A
Officer Director
$0 $0 $0
ALLEN RAWLS TRUSTEE N/A
Director
$0 $0 $0
KARLA HALL VICE PRESIDE N/A
Director
$0 $0 $0
DEREK HURT SECRETARY N/A
Director
$0 $0 $0
MORTON NOVECK TREASURER N/A
Director
$0 $0 $0
ELESHA BRIDGERS TRUSTEE N/A
Director
$0 $0 $0
ETHAN DAVIDSON TRUSTEE N/A
Director
$0 $0 $0
IRIS GORDY TRUSTEE N/A
Director
$0 $0 $0
JIMMY SETTLES TRUSTEE N/A
Director
$0 $0 $0
JON PLATT TRUSTEE N/A
Director
$0 $0 $0
LEVI STUBBS III TRUSTEE N/A
Director
$0 $0 $0
RHONDA ROSS KENDRICK TRUSTEE N/A
Director
$0 $0 $0
WRIGHT LASSITER TRUSTEE N/A
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 $9,466,587 $5,574,203 $55,668,901 $3,892,384
2023 $10,021,056 $4,978,487 $47,312,059 $5,042,569
2022 $9,049,070 $3,277,767 $42,816,147 $5,771,303
2021 $14,838,936 $2,955,641 $36,344,932 $11,883,295
2020 $6,352,379 $2,786,211 $25,137,879 $3,566,168
2019 $11,699,512 $2,889,880 $20,572,972 $8,809,632
2018 $3,066,070 $2,743,111 $11,621,290 $322,959
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