YMI CULTURAL CENTER INC (EIN 581448997) - Form 990 Financial Analysis & Trantor Score

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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

ANTHONY THOMAS

Phone

8282524614

Tax Period

2023-07-01 to 2024-06-30

YMI CULTURAL CENTER INC, founded in 1981, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $602K, a strong 57% operating margin.

Mission

THE YMICC'S MISSION IS TO EMPOWER THE BLACK COMMUNITY TO CELEBRATE ITS RICH CULTURAL HERITAGE THROUGH PROGRAMS THAT PRESERVE AND PROMOTE AFRICAN AMERICAN ARTS AND TRADITIONS WITH A COMMITMENT TO JUSTICE, EQUITY, DIVERSITY AND INCLUSION.

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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 $1,027,540

Program Service Revenue $0

Investment Income $68

Other Revenue $33,466

TOTAL REVENUE $1,061,074

Expense Breakdown

Grants Paid $0

Salaries & Benefits $108,343

Fundraising Expenses $43,590

Program Expenses $79,568

Other Expenses $311,899

TOTAL EXPENSES $459,242

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,061,074	$2,055,281	-0.5%
Expenses	$459,242	$357,775	+0.3%
Net Income	$601,832	$1,697,506	-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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY THOMAS	CHAIR	4.00	Officer Director	$0	$0	$0
IINDIA PEARSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MACKY BAH	TREASURER	4.00	Officer Director	$0	$0	$0
NINA IRELAND	SECRETARY	1.00	Officer Director	$0	$0	$0
SHERMAN WILLIAMS	DIRECTOR	0.25	Officer Director	$0	$0	$0
NEX MILLEN	DIRECTOR	0.25	Director	$0	$0	$0
JERMIAH ROBINSON	DIRECTOR	0.25	Director	$0	$0	$0
TIFFANY DEBELLOTT	DIRECTOR	0.25	Director	$0	$0	$0
JULIA MCDOWELL	DIRECTOR	0.25	Director	$0	$0	$0
ANTHONY MCPHERSON	DIRECTOR	0.25	Director	$0	$0	$0
MICAH MACKENZIE	DIRECTOR	0.25	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	$1,061,074	$459,242	$6,174,277	$601,832
2023	$2,055,281	$357,775	$4,016,899	$1,697,506
2022	$524,626	$533,540	$1,282,862	$-8,914

YMI CULTURAL CENTER INC