MOTOWN HISTORICAL MUSUEM INC

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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

1985

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $5,574,203

MOTOWN MUSEUM ENGAGES VISITORS FROM AROUND THE WORLD IN AN EXPERIENTIAL AND EDUCATIONAL CELEBRATION OF THE ICONIC MOTOWN LEGACY AND ITS CULTURAL, SOCIAL AND HISTORICAL IMPACT. WE PROTECT AND PRESERVE HITSVILLE U.S.A. - THE BIRTHPLACE OF MOTOWN RECORDS TO DOCUMENT THE HUMBLE BEGINNINGS OF THE ARTISTS' COLLECTIVE CONTRIBUTION TO MUSIC THAT REVOLUTIONIZED AN INDUSTRY.

Program 2

THE ORGANIZATION OPERATES A SOUVENIR SHOP TO PROVIDE DOCUMENTS, OBJECTS, PICTURES, CLOTHING, AND ARTIFACTS WHICH DEPICT AND DEMONSTRATE THE HISTORY, AND PRESERVE THE LEGACY AND TRADITION, OF A...

THE ORGANIZATION OPERATES A SOUVENIR SHOP TO PROVIDE 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.

Program 3

MOTOWN PROVIDES VARIOUS PROGRAMS TO ENGAGE OUR YOUTH IN THE HISTORY AND STORY THAT IS MOTOWN. THIS INCLUDES TWO SUMMER PROGRAMS, ONE FOR HIGH SCHOOL STUDENTS AND A SECOND FOR MIDDLE STUDENTS IN THE COMMUNITY. IN ADDITION, A MOTOWN MIC SPOKEN WORD COMPETITION AND AMPLIFY, THE SECOND OF DETROIT, WHICH SEEKS TO BUILD ON THE RICH LEGACY OF MOTOWN, CELEBRATE THE UNIQUE VOICES OF DETROIT AND THE CREATIVE SYNERGY OF THE ARTISTS PAST, PRESENT, AND EMERGING.

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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 $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

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

Total Directors

Key Employees

Highest Compensated

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