BLACK HISTORY MUSEUM & CLT CTR

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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

1981

Legal Domicile

Principal Officer

SHAKIA GULLETTE WARRENT

Tax Period

2023-07-01 to 2024-06-30

BLACK HISTORY MUSEUM & CLT CTR, founded in 1981, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Net assets of $4.3M represent 34 months of operating reserves.

Mission

BHMVA MISSION IS TO SHARE, INTERPRET, PRESERVE, EXHIBIT, AND COMMEMORATE THE RICH HISTORY AND CULTURE OF AFRICAN AMERICANS THROUGHOUT THE COMMONWEALTH OF VIRGINIA AND BEYOND

Program Service Accomplishments

Program 1

Expenses: $1,243,674 Revenue: $65,747

PERMANENT EXHIBITION PROVIDES A COMPREHENSIVE OVERVIEW OF BLACK

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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 $1,192,682

Program Service Revenue $65,747

Investment Income $141,624

Other Revenue $130,392

TOTAL REVENUE $1,530,445

Expense Breakdown

Grants Paid $0

Salaries & Benefits $450,943

Fundraising Expenses $60,822

Program Expenses $1,243,674

Other Expenses $1,170,485

TOTAL EXPENSES $1,621,428

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,530,445	$1,399,102	+0.1%
Expenses	$1,621,428	$1,620,292	+0.0%
Net Income	$-90,983	$-221,190	-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

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

$128,333

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MONROE HARRIS	PRESIDENT	1	Officer Director	$0	$0	$0
LOREN GLASPER	VICE PRESIDENT	1	Officer Director	$0	$0	$0
JOSEPH MASSIE	SECRETARY	1	Officer Director	$0	$0	$0
HANNAH B AYERS	DIRECTOR	1	Director	$0	$0	$0
WILSON FRIEND	DIRECTOR	1	Director	$0	$0	$0
JULLIAN HARRIS	DIRECTOR	1	Director	$0	$0	$0
SUYAPA MARQUEZ	DIRECTOR	1	Director	$0	$0	$0
DONTE SMITH	DIRECTOR	1	Director	$0	$0	$0
SHAKIA WARREN	EXECUTIVE DIR	40	Officer	$128,333	$0	$128,333

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	No data	No data	No data	No data
2024	$1,530,445	$1,621,428	$6,945,204	$-90,983
2023	$1,399,102	$1,620,292	$8,298,006	$-221,190
2022	$745,690	$1,435,965	$8,478,867	$-690,275
2021	$2,004,991	$717,206	$6,627,328	$1,287,785
2020	$2,058,655	$773,355	$5,674,981	$1,285,300
2019	$699,165	$673,965	$4,395,008	$25,200
2018	$542,624	$607,733	$4,391,993	$-65,109