AFRICAN AMERICAN CULTURAL CENTER (EIN 472697273) - 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

2014

Legal Domicile

Principal Officer

JANIS BURLEY WILSON

Phone

4123391011

Tax Period

2024-01-01 to 2024-12-31

AFRICAN AMERICAN CULTURAL CENTER, founded in 2014, is a community nonprofit in the Arts, Culture & Humanities sector that reported $7.8M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $6.9M left a modest 11% surplus.

Mission

THE MISSION OF THE AUGUST WILSON AFRICAN AMERICAN CULTURAL CENTER IS TO OWN AND OPERATE A HOME FOR THE ARTS, STORYTELLING, LEARNING AND EXCHANGE AROUND THE AFRICAN AMERICAN EXPERIENCE AND THE RICH CULTURE OF THE AFRICAN DIASPORA. THE AWAACC IS A NOT-FOR-PROFIT ARTS AND CULTURE ORGANIZATION THAT OFFERS A VARIETY OF VISUAL AND PERFORMING ARTS PROGRAMS, COMMUNITY ENGAGEMENT AND EDUCATION INITIATIVES TO DIVERSE AUDIENCES, INCLUDING SCHOOL AGED STUDENTS, FAMILIES, AND SENIOR CITIZENS. MANY VISUAL ART EXPERIENCES HAVE EDUCATIONAL CURRICULUM BUILT WITHIN IT, PROVIDING A DEEPER DIVE INTO THE ART WORK AND THE ARTIST. THE AWAACC ALSO PROVIDES A YOUTH WRITERS CAMP, FAMILY COMMUNITY DAY EVENTS, AND SPECIAL VISUAL ART TOURS.

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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 $6,924,589

Program Service Revenue $672,863

Investment Income $0

Other Revenue $166,770

TOTAL REVENUE $7,764,222

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,336,889

Fundraising Expenses $864,564

Program Expenses $4,479,892

Other Expenses $4,548,185

TOTAL EXPENSES $6,885,074

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,764,222	$6,289,458	+0.2%
Expenses	$6,885,074	$8,452,125	-0.2%
Net Income	$879,148	$-2,162,667	-1.4%

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

114

Volunteers

100

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

$274,756

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACEY MCCANTS LEWIS	BOARD CHAIR	4.00	Officer Director	$0	$0	$0
DELBERT TYLER CPA	TREASURER	4.00	Officer Director	$0	$0	$0
KENYA BOSWELL	DIRECTOR	2.00	Director	$0	$0	$0
LISA SCHROEDER	DIRECTOR	2.00	Director	$0	$0	$0
GREGG KANDER ESQ	DIRECTOR	2.00	Director	$0	$0	$0
MALESIA DUNN	DIRECTOR	2.00	Director	$0	$0	$0
DR FELICIA SNEAD	DIRECTOR	2.00	Director	$0	$0	$0
DR JAMES TAYLOR	DIRECTOR	2.00	Director	$0	$0	$0
DR RAHMON HART	DIRECTOR	2.00	Director	$0	$0	$0
SHIV SETHI	VICE CHAIR	2.00	Officer Director	$0	$0	$0
REX RIDEOUT	VICE CHAIR & SECRETARY	2.00	Officer Director	$0	$0	$0
DR ANDRE PERRY	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL WALKER	DIRECTOR	2.00	Director	$0	$0	$0
DERRICK WILSON	DIRECTOR	2.00	Director	$0	$0	$0
JANIS BURLEY WILSON	PRESIDENT & CEO	40.00	Officer	$260,000	$14,756	$274,756
ADRIAN WATSON	SENIOR PROGRAM DIRECTOR	40.00	Highest	$105,234	$0	$105,234
TONYA JOHNSON	VP OF ADMIN AND LEGAL AFFA	40.00	Highest	$119,297	$0	$119,297
DENISE CHURCH	VP OF OPERATIONS AND ADMIN	40.00	Highest	$115,271	$0	$115,271
AMANDA BRANDES	VP OF INSTITUTIONAL ADVANC	40.00	Highest	$163,043	$0	$163,043

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	$7,764,222	$6,885,074	$11,817,287	$879,148
2023	$6,289,458	$8,452,125	$11,871,307	$-2,162,667
2022	$6,949,827	$9,247,589	$12,743,889	$-2,297,762
2021	$8,128,417	$6,775,199	$15,275,830	$1,353,218
2020	$7,426,276	$4,184,347	$13,626,024	$3,241,929
2019	$6,650,723	$6,423,409	$10,371,424	$227,314
2018	$5,268,645	$5,695,107	$10,067,061	$-426,462

AFRICAN AMERICAN CULTURAL CENTER