THE NATIONAL GREAT BLACKS IN WAX M… - Form 990 Financial Data

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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

1985

Legal Domicile

Principal Officer

JOANNE MARTIN

Tax Period

2023-01-01 to 2023-12-31

THE NATIONAL GREAT BLACKS IN WAX MUSEUM, founded in 1985, is a small nonprofit in the Arts, Culture & Humanities sector that reported $516K in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. Expenses of $621K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO STIMULATE AN INTEREST IN AFRICAN HISTORY AND TO IMPROVE THE SOCIAL STATUS OF AFRICAN AMERICANS

Program Service Accomplishments

Program 1

Expenses: $343,005 Revenue: $325,521

TO STIMULATE AN INTEREST IN AFRICAN HISTORY BY REVEALING THE LITTLE KNOWN FACTS OF HISTORY

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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 $187,263

Program Service Revenue $325,521

Investment Income $833

Other Revenue $2,608

TOTAL REVENUE $516,225

Expense Breakdown

Grants Paid $0

Salaries & Benefits $174,381

Fundraising Expenses $0

Program Expenses $343,005

Other Expenses $446,545

TOTAL EXPENSES $620,926

Year-over-Year Comparison

	2023	2022	Change
Revenue	$516,225	$641,637	-0.2%
Expenses	$620,926	$807,665	-0.2%
Net Income	$-104,701	$-166,028	-0.4%

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

Volunteers

N/A

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
BRENDA TUCKER	BOARD MEMBER	8.00	Director	$0	$0	$0
TAMARA Z MAULL	BOARD MEMBER	8.00	Director	$0	$0	$0
JACQUELINE WILLIAMS	BOARD MEMBER	8.00	Director	$0	$0	$0
ANTOINE LEWIS	BOARD MEMBER	8.00	Director	$0	$0	$0
GREGORY JONES	BOARD MEMBER	8.00	Director	$0	$0	$0
JANET JOHNSON	BOARD MEMBER	8.00	Director	$0	$0	$0
SHARON BUNCH	BOARD MEMBER	8.00	Director	$0	$0	$0
LARRY HARCUM	BOARD MEMBER	8.00	Director	$0	$0	$0
JOANNE MARTIN	PRESIDENT AND CEO	40.00	Officer Director Key Emp Highest	$0	$0	$0
JACKIE WASHINGTON	VICE PRESIDENT	8.00	Officer	$0	$0	$0
DEBORAH PIERCE FAKUNLE	SECRETARY TREASURER	8.00	Officer Key Emp	$0	$0	$0
JAYFUS DOSWELL	VICE PRESIDENT	8.00	Officer 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
2024	No data	No data	No data	No data
2023	$516,225	$620,926	$292,060	$-104,701
2022	$641,637	$807,665	$459,216	$-166,028
2021	$436,471	$580,094	$351,986	$-143,623
2020	$348,220	$374,839	$324,054	$-26,619
2019	$305,017	$366,102	$329,721	$-61,085
2018	$476,720	$485,707	$306,388	$-8,987

THE NATIONAL GREAT BLACKS IN WAX MUSEUM