AFRICAN ART MUSEUM OF MARYLAND

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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

1980

Legal Domicile

Principal Officer

Doris Ligon

Phone

4107407411

Tax Period

2024-07-01 to 2025-06-30

AFRICAN ART MUSEUM OF MARYLAND, founded in 1980, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $24K in total revenue in fiscal year 2024. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $28K exceeded revenue, resulting in a 17% operating deficit.

Mission

The African Art Museum of Maryland is dedicated to collecting, exhibiting and preserving, for the public, the art of Africa. The museum is further dedicated to increasing the awareness of African art and culture; while encouraging a broader understanding and deeper appreciation of the diverse art and cultures of the continent of Africa.

Program Service Accomplishments

Program 1

Expenses: $27,936 Revenue: $22,694

The African Art Museum of Maryland is open year round for the display and exhibition of traditional African art. The museum conducts and provides, both on and off site, African Experience Tours for schools and other groups to introduce and reacquaint the public with African traditions in art, music, dance, history, religion, family and community.

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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 $21,531

Program Service Revenue $645

Investment Income $1,809

Other Revenue $0

TOTAL REVENUE $23,985

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $105

Program Expenses $27,936

Other Expenses $27,936

TOTAL EXPENSES $28,041

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,985	$69,491	-0.7%
Expenses	$28,041	$26,266	+0.1%
Net Income	$-4,056	$43,225	-1.1%

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

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
Doris ligon	Museum Director	40	Director	$0	$0	$0
Mairice Simpkins	Board of Trustees, Vice Chairperson	2	Key Emp	$0	$0	$0
Rose Varner-Gaskins	Board of Trustees, Secretary	4		$0	$0	$0
Charles Barnum	Board of Trustees	4		$0	$0	$0
Joseph A Mason	Board of Trustees	2		$0	$0	$0
G Sundat Tenabe	Board of Trustees	2		$0	$0	$0
Abram Engelman	Board of Trustees	2		$0	$0	$0
Scott Faulkner	Board of Trustees	2		$0	$0	$0
Eleanor Hunt Esq	Board of Trustees	2		$0	$0	$0
Vivian Lawyer Esq	Board of Trustees	2		$0	$0	$0
Claude M Ligon Jr Ltc US Army	Board of Trustees	2		$0	$0	$0
Donna Wells	Board of Trustees	2		$0	$0	$0
Beverly Cooper	Board of Trustees	2		$0	$0	$0
Jacqueline Kakembo	Board of Trustees	2		$0	$0	$0
Saundra Barrett	Board of Trustees	2		$0	$0	$0
Beverly Cooper	Board of Trustees	2		$0	$0	$0
C Vernon Gray	Board of Trustees	2		$0	$0	$0
Amanda Hoff	Board of Trustees	2		$0	$0	$0
Dr Michael Kelemen	Board of Trustees	2		$0	$0	$0
Dr Gregory Lehne	Board of Trustees	2		$0	$0	$0
Tola Oduyoye	Board of Trustees	2		$0	$0	$0
Carolyn Vincent	Board of Trustees	4		$0	$0	$0
Ralph Ballman	Board of Trustees, Treasurer	10	Key Emp	$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
2025	$23,985	$28,041	$1,303,702	$-4,056
2024	$69,491	$26,266	$1,305,729	$43,225
2023	$19,407	$26,334	$1,258,961	$-6,927
2022	$72,366	$47,191	$1,274,658	$25,175
2021	$34,012	$20,332	$1,247,892	$13,680