Museum of African American Art (EIN 510205039) - 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

1976

Legal Domicile

Principal Officer

Keasha Dumas Heath

Phone

3232947071

Tax Period

2023-01-01 to 2023-12-31

Museum of African American Art, founded in 1976, is a small nonprofit in the Arts, Culture & Humanities sector that reported $343K in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $237K, a strong 69% operating margin.

Mission

The Museum of African American Art preserves cultural art objects and educates visitors of all ages and identities about the arts using its permanent collection archives free public exhibitions museum store and community events.

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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 $336,991

Program Service Revenue $5,752

Investment Income $0

Other Revenue $556

TOTAL REVENUE $343,299

Expense Breakdown

Grants Paid $2,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $93,961

Other Expenses $103,407

TOTAL EXPENSES $105,907

Year-over-Year Comparison

	2023	2022	Change
Revenue	$343,299	$649,439	-0.5%
Expenses	$105,907	$63,234	+0.7%
Net Income	$237,392	$586,205	-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

N/A

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
Keasha Dumas Heath	Executive Director CEO	35.00	Officer Director	$0	$0	$0
Miracle McClain Bizira	Secretary	5.00	Officer Director	$0	$0	$0
Elizabeth Johnson	Treasurer	5.00	Officer Director	$0	$0	$0
Paula G Leftwich	Chair	2.00	Officer Director	$0	$0	$0
Alvetia E Smith	Sergeant at Arms	2.00	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
2023	$343,299	$105,907	$854,840	$237,392
2022	$649,439	$63,234	$616,198	$586,205

Museum of African American Art