African American Heritage Society Museum Inc (EIN 621608388) - 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

Phone

6153050904

Tax Period

2024-01-01 to 2024-12-31

African American Heritage Society Museum Inc is a small nonprofit in the Arts, Culture & Humanities sector that reported $494K in total revenue in fiscal year 2024. Revenue surged 230% from the prior year, signaling strong growth momentum. Expenses of $626K exceeded revenue, resulting in a 27% operating deficit.

Mission

To collect, preserve and interpret artifacts pertaining to Williamson County African American culture and heritage

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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 $861

Program Service Revenue $492,961

Investment Income $0

Other Revenue $0

TOTAL REVENUE $493,822

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $625,696

Other Expenses $625,696

TOTAL EXPENSES $625,696

Year-over-Year Comparison

	2024	2023	Change
Revenue	$493,822	$149,506	+2.3%
Expenses	$625,696	$440,074	+0.4%
Net Income	$-131,874	$-290,568	-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

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

$32,400

Total Directors

$32,400

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Alma McLemore	Executive Dir.	Officer Director	$32,400	$0	$32,400
Harvey Chrisman	Vice President	Officer Director	$0	$0	$0
Wanda Onodeko	Treasurer	Officer Director	$0	$0	$0
Mary Pearce	Secretary	Officer Director	$0	$0	$0
Julian Bibb	Director	Director	$0	$0	$0
Pamela Bright	Director	Director	$0	$0	$0
Matt Brown	Director	Director	$0	$0	$0
Cleatrice McTorry	Director	Director	$0	$0	$0
Sarah Critchlow	Director	Director	$0	$0	$0
Carvin Vaughn	Director	Director	$0	$0	$0
Kimberly Menifee	Director	Director	$0	$0	$0
Carolyn Wall	Director	Director	$0	$0	$0
Tovitha Williams	Director	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	$493,822	$625,696	$1,064,546	$-131,874
2023	$149,506	$440,074	$1,197,357	$-290,568
2022	$288,707	$116,531	$1,476,415	$172,176
2021	$1,270,247	$761,677	$1,302,121	$508,570

African American Heritage Society Museum Inc