HAMMONDS HOUSE MUSEUM INC (EIN 581813743) - 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

1988

Legal Domicile

Phone

4047528730

Tax Period

2024-01-01 to 2024-12-31

HAMMONDS HOUSE MUSEUM INC, founded in 1988, is a small nonprofit in the Arts, Culture & Humanities sector that reported $538K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $623K exceeded revenue, resulting in a 16% operating deficit.

Mission

Hammonds House Museum and Resource Center of African American Art is a fine arts venue whose mission is to preserve, exhibit, and increase public awareness about the contributions that visual artists of African descent have made to world culture.

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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 (2024)

Revenue Breakdown

Contributions & Grants $514,883

Program Service Revenue $9,901

Investment Income $0

Other Revenue $13,110

TOTAL REVENUE $537,894

Expense Breakdown

Grants Paid $0

Salaries & Benefits $161,598

Fundraising Expenses $18,011

Program Expenses $479,871

Other Expenses $461,225

TOTAL EXPENSES $622,823

Year-over-Year Comparison

	2024	2023	Change
Revenue	$537,894	$431,829	+0.2%
Expenses	$622,823	$476,497	+0.3%
Net Income	$-84,929	$-44,668	+0.9%

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

$79,061

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNA WATTS-NUNN	MANAGING DIRECT	40.00	Director	$79,061	$0	$79,061
DENIECE ACOSTA GRIFFIN	Secretary	2.00	Officer Director	$0	$0	$0
W IMARA CANADY	President	2.00	Officer Director	$0	$0	$0
TREMAYNE PERRY	Treasurer	2.00	Officer Director	$0	$0	$0
ADRIANNE PINKNEY	Trustee	2.00	Director	$0	$0	$0
ALEXIS BUCHANAN THOMAS	Trustee	2.00	Director	$0	$0	$0
ASHLEY BELLA	Trustee	2.00	Director	$0	$0	$0
GORDAN CALLAWAY	Trustee	2.00	Director	$0	$0	$0
CHRISTOPHER SWAIN	Trustee	2.00	Director	$0	$0	$0
INGA WILLIS	Trustee	2.00	Director	$0	$0	$0
JACQUEE MINOR	Trustee	2.00	Director	$0	$0	$0
LESA ADEBOYE	Trustee	2.00	Director	$0	$0	$0
RICHARD DUNN	Trustee	2.00	Director	$0	$0	$0
SEYRAM SELASE	Trustee	1.00	Director	$0	$0	$0
SUE ROSS	Trustee	1.00	Director	$0	$0	$0
SAUNDRA HIGHTOWER	Trustee	1.00	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
2024	$537,894	$622,823	$518,102	$-84,929
2023	$431,829	$476,497	$604,253	$-44,668
2022	$457,327	$311,015	$647,263	$146,312
2021	$300,107	$265,031	$492,462	$35,076
2020	$266,477	$215,462	$442,760	$51,015
2020	$283,726	$227,675	$455,208	$56,051
2019	$347,199	$314,836	$415,571	$32,363
2018	$207,037	$222,925	$419,411	$-15,888

HAMMONDS HOUSE MUSEUM INC