HAITIAN AMERICAN MUSEUM OF CHICAGO (EIN 460659222) - 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

2013

Legal Domicile

Principal Officer

ELSIE E HERNANDEZ

Phone

7732131869

Tax Period

2024-01-01 to 2024-12-31

HAITIAN AMERICAN MUSEUM OF CHICAGO, founded in 2013, is a small nonprofit in the Arts, Culture & Humanities sector that reported $353K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $332K left a modest 6% surplus.

Mission

THE HAITIAN AMERICAN MUSEUM OF CHICAGO MISSION IS TO PROMOTE AND PRESERVE HAITIAN ART, CULTURE, HISTORY, AND COMMUNITY IN CHICAGO AND BEYOND

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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 (2024)

Revenue Breakdown

Contributions & Grants $333,429

Program Service Revenue $19,229

Investment Income $67

Other Revenue $0

TOTAL REVENUE $352,725

Expense Breakdown

Grants Paid $0

Salaries & Benefits $84,903

Fundraising Expenses $0

Program Expenses $304,089

Other Expenses $247,285

TOTAL EXPENSES $332,188

Year-over-Year Comparison

	2024	2023	Change
Revenue	$352,725	$299,700	+0.2%
Expenses	$332,188	$276,003	+0.2%
Net Income	$20,537	$23,697	-0.1%

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

$78,832

Total Directors

$78,832

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLOS BOSSARD	DIRECTOR	032.00	Officer Director	$47,101	$0	$47,101
ELSIE HERNANDEZ	FOUNDER CEO	040.00	Officer Director	$31,731	$0	$31,731
CARLINTHIA COX	BOARD PRESIDENT	N/A	Director	$0	$0	$0
BRENDA JONES	BOARD TREASURER	N/A	Director	$0	$0	$0
ERICA GONZALES	BOARD SECRETARY	N/A	Director	$0	$0	$0
DANIEL HERNANDEZ	BOARD DIRECTOR	N/A	Director	$0	$0	$0
CARLA CARR	BOARD DIRECTOR	N/A	Director	$0	$0	$0
STEVEN BERNIN	BOARD DIRECTOR	N/A	Director	$0	$0	$0
MAGDA JOSEPH	BOARD DIRECTOR	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	$352,725	$332,188	$122,924	$20,537
2023	$507,700	$275,937	$315,451	$231,763

HAITIAN AMERICAN MUSEUM OF CHICAGO