THE NATIONAL GREAT BLACKS IN WAX MUSEUM

EIN: 521319585 501(c)(3) Arts, Culture & Humanities

BALTIMORE, MD

Total Revenue
$516,225
Total Expenses
$620,926
Total Assets
$292,060
Net Assets
$89,893
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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
MD
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

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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%)

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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

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Governance

Voting Members
12
Independent Members
12
Employees
6
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
4
$0
Total Directors
9
$0
Key Employees
3
$0
Highest Compensated
1
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
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