Virginia African American Cultural Center (EIN 475250120) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2015

Phone

7673631629

Tax Period

2023-01-01 to 2023-12-31

Virginia African American Cultural Center, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $533K in total revenue in fiscal year 2022. Revenue surged 270% from the prior year, signaling strong growth momentum. The organization ran a surplus of $166K, a strong 31% operating margin.

Mission

To collect, preserve, interpret, educate and celebrate Virginia's African American's history, culture and contributions.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $514,280

Program Service Revenue $0

Investment Income $0

Other Revenue $17,142

TOTAL REVENUE $531,422

Expense Breakdown

Grants Paid $444,003

Salaries & Benefits $94,757

Fundraising Expenses $9,168

Program Expenses $606,475

Other Expenses $153,448

TOTAL EXPENSES $692,208

Year-over-Year Comparison

	2023	2022	Change
Revenue	$531,422	$532,707	0.0%
Expenses	$692,208	$366,445	+0.9%
Net Income	$-160,786	$166,262	-2.0%

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

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
Dr Amelia Ross-Hammond	Chairman	20	Officer Director	$0	$0	$0
Dr James Bond	Vice Chair	10	Officer Director	$0	$0	$0
Cheryl Davidson	Secretary	10	Officer Director	$0	$0	$0
Kelvin Arthur	Treasurer	10	Officer Director	$0	$0	$0
Wayne Jones	Director	10	Director	$0	$0	$0
Worth Remick	Director	10	Director	$0	$0	$0
Harshad Barot	Director	10	Director	$0	$0	$0
Tom Lee	Director	10	Director	$0	$0	$0
Dr Angela Gregg	Director	10	Director	$0	$0	$0
Dr Lisa Lawson	Director	10	Director	$0	$0	$0
Justin Fauntleroy	Director	10	Director	$0	$0	$0
Alicia Peoples	Director	10	Director	$0	$0	$0
Tamar Smithers	Executive Director	40	Highest	$83,378	$5,000	$88,378

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	No data	No data	No data	No data
2023	$531,422	$692,208	$178,741	$-160,786
2022	$532,707	$366,445	$337,875	$166,262

Virginia African American Cultural Center