THE ASSOCIATION TO PRESERVE AFRICAN AMERICAN SOCIE (EIN 593205047) - 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

1993

Legal Domicile

Principal Officer

JOHN STOVER

Phone

4072457535

Tax Period

2024-11-01 to 2025-10-31

THE ASSOCIATION TO PRESERVE AFRICAN AMERICAN SOCIE, founded in 1993, is a small nonprofit in the Arts, Culture & Humanities sector that reported $121K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $67K, a strong 55% operating margin.

Mission

PAST IN OPERATES A MUSEUM OF AFRICAN AMERICAN ARTIFACTS CHRONICLES A HISTORY OF ACCOMPLISHMENTS OF LOCAL AFRICAN AMERICANS. THE MUSEUM SERVES AS AN EDUCATIONAL VENTURE FOR LOCAL STUDENTS AND THE COMMUNITY AT LARGE

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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 $121,145

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $121,145

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,365

Fundraising Expenses $0

Program Expenses $25,311

Other Expenses $33,999

TOTAL EXPENSES $54,364

Year-over-Year Comparison

	2024	2023	Change
Revenue	$121,145	$162,615	-0.3%
Expenses	$54,364	$119,419	-0.5%
Net Income	$66,781	$43,196	+0.5%

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

N/A

Employees

N/A

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
JOHN STOVER	PRESIDENT	2.00	Officer	$0	$0	$0
JAMES DESHAY	VICE PRESIDENT	10.00	Officer	$0	$0	$0
DEE EMMANUEL	DIRECTOR	2.00	Officer	$0	$0	$0
ELIZABETH GRACE	DIRECTOR	2.00	Officer	$0	$0	$0
RALPH ARMSTEAD	DIRECTOR	2.00	Officer	$0	$0	$0
VIRGINIA TOWNES	DIRECTOR	2.00	Officer	$0	$0	$0
ALYCE FRANCE	DIRECTOR	2.00	Officer	$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	$121,145	$54,364	$595,428	$66,781
2024	$162,615	$119,419	$528,647	$43,196

THE ASSOCIATION TO PRESERVE AFRICAN AMERICAN SOCIE