HARRISON MUSEUM OF AFRICAN AMERICA… - 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

2002

Legal Domicile

Principal Officer

Charles PRICE

Phone

5408574395

Tax Period

2023-07-01 to 2024-06-30

HARRISON MUSEUM OF AFRICAN AMERICAN CULTURE, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $184K in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $208K exceeded revenue, resulting in a 13% operating deficit.

Mission

RESEARCHING, PRESERVING AND INTERPRETING THE ACHIEVEMENTS OF AFRICAN AMERICANS SPECIFICALLY IN WESTERN VIRGNINA

Program Service Accomplishments

Program 1

Expenses: $185,159

Researching, Preserving and Intrepreting the Achievements of African Americans specifically in Western Virginia

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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 $146,587

Program Service Revenue $1,885

Investment Income $0

Other Revenue $35,685

TOTAL REVENUE $184,157

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $185,159

Other Expenses $207,565

TOTAL EXPENSES $207,565

Year-over-Year Comparison

	2023	2022	Change
Revenue	$184,157	$361,683	-0.5%
Expenses	$207,565	$233,440	-0.1%
Net Income	$-23,408	$128,243	-1.2%

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

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
CHARLES PRICE	PRESIDENT	002.00	Officer Director	$0	$0	$0
ERIC BEASLEY	TREASURER	020.00	Officer Director	$0	$0	$0
RAKI WRIGHT CLEMENTS	DIRECTOR	002.00	Director	$0	$0	$0
ANITA JAMES PRICE	SECRETARY	002.00	Officer Director	$0	$0	$0
MELINDA PAYNE	DIRECTOR	002.00	Director	$0	$0	$0
ARNOLD SPEAKS	DIRECTOR	002.00	Director	$0	$0	$0
JESSICA ARRINGTON HALL	DIRECTOR	002.00	Director	$0	$0	$0
JORDAN BELL	DIRECTOR	002.00	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
2025	No data	No data	No data	No data
2024	$184,157	$207,565	$469,056	$-23,408
2023	$361,683	$233,440	$561,301	$128,243
2022	$186,576	$176,314	$433,015	$10,262
2022	$303,923	$176,314	$433,014	$127,609
2021	$201,991	$165,038	$305,698	$36,953
2020	$123,167	$155,306	$266,371	$-32,139
2019	$145,885	$152,740	$307,822	$-6,855
2018	$195,877	$164,248	$318,584	$31,629
2017	$161,214	$177,026	$292,011	$-15,812

HARRISON MUSEUM OF AFRICAN AMERICAN CULTURE