THE KANSAS AFRICAN AMERICAN MUSEUM INC (EIN 480890970) - 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

1973

Legal Domicile

Principal Officer

SHANE CARTER

Phone

3162627651

Tax Period

2024-01-01 to 2024-12-31

THE KANSAS AFRICAN AMERICAN MUSEUM INC, founded in 1973, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 67% operating margin.

Mission

THE KANSAS AFRICAN AMERICAN MUSEUM ENDEAVORS TO MAKE THE KANSAS AFRICAN AMERICAN EXPERIENCE RESONANT WITH EVERY KANSAN BY TELLING THE STORIES OF THE AFRICAN AMERICAN EXPERIENCE IN KANSAS IN ORDER TO EDUCATE ABOUT THE PAST AND INSPIRE A HOPE FOR THE FUTURE.

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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 $1,708,983

Program Service Revenue $3,234

Investment Income $46,371

Other Revenue $-51,966

TOTAL REVENUE $1,706,622

Expense Breakdown

Grants Paid $0

Salaries & Benefits $271,086

Fundraising Expenses $60,000

Program Expenses $197,469

Other Expenses $228,506

TOTAL EXPENSES $559,592

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,706,622	$1,365,798	+0.2%
Expenses	$559,592	$458,621	+0.2%
Net Income	$1,147,030	$907,177	+0.3%

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

$81,080

Total Directors

$18,660

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN ROLFE	DIRECTOR	10.00	Director	$0	$0	$0
EBONY CLEMONS-AJIBOLADE	IMMEDIATE - PAST PRESIDENT	10.00	Officer Director	$0	$0	$0
SHAYLA FRANKLIN	TREASURER	10.00	Officer Director	$0	$0	$0
ROGER BRADSHAW	DIRECTOR	10.00	Director	$0	$0	$0
ANGELA BUCKNER	DIRECTOR	10.00	Director	$0	$0	$0
RON HOLT	DIRECTOR	10.00	Director	$0	$0	$0
KARA HUNT	DIRECTOR	10.00	Director	$0	$0	$0
ANDY MCFAYDEN	DIRECTOR	10.00	Director	$0	$0	$0
CAROLYN MCGINN	DIRECTOR	10.00	Director	$0	$0	$0
CARMEN MORAVEC	DIRECTOR	10.00	Director	$0	$0	$0
V KAYE MONK-MORGAN	PRESIDENT - ELECT	10.00	Officer Director	$0	$0	$0
HOLLY PUTNAM-JACKSON	DIRECTOR	10.00	Director	$0	$0	$0
JOSEPH SHEPARD	DIRECTOR	10.00	Director	$0	$0	$0
FABRICE METAN	DIRECTOR	10.00	Director	$18,660	$0	$18,660
MOJI ROSSON	SECRETARY	10.00	Officer Director	$0	$0	$0
MARLON WILLIAMS	DIRECTOR	10.00	Director	$0	$0	$0
ED WATSON	PRESIDENT	10.00	Officer Director	$0	$0	$0
SHARLA SMITH	DIRECTOR	10.00	Director	$0	$0	$0
TED AYRES	DIRECTOR	10.00	Director	$0	$0	$0
LASHEA BELL	DIRECTOR	10.00	Director	$0	$0	$0
DENISE SHERMAN	EXECUTIVE DIRECTOR	40.00	Officer	$77,706	$3,374	$81,080

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	$1,706,622	$559,592	$5,751,957	$1,147,030
2023	$1,365,798	$458,621	$4,014,800	$907,177
2022	$1,390,578	$400,386	$3,110,790	$990,192
2021	$1,993,440	$405,059	$2,113,723	$1,588,381
2020	$546,927	$436,741	$524,076	$110,186
2019	$422,115	$409,884	$407,216	$12,231
2018	$367,864	$329,760	$441,743	$38,104

THE KANSAS AFRICAN AMERICAN MUSEUM INC