African American Heritage Society Museum Inc

EIN: 621608388 501(c)(3) Arts, Culture & Humanities

Franklin, TN

Total Revenue
$493,822
Total Expenses
$625,696
Total Assets
$1,064,546
Net Assets
$1,064,546
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Financial Vulnerability Assessment (Tuckman-Chang)

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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

Program Service Accomplishments

Program 1
Expenses: $625,696

Collect, preserve and interpret artifacts pertaining to Williamson County African American Culture and increase understanding and appreciation of our heritage for future generations.

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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%)

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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

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Governance

Voting Members
13
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
4
$32,400
Total Directors
13
$32,400
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alma McLemore Executive Dir. 0.00
Officer Director
$32,400 $0 $32,400
Harvey Chrisman Vice President 0.00
Officer Director
$0 $0 $0
Wanda Onodeko Treasurer 0.00
Officer Director
$0 $0 $0
Mary Pearce Secretary 0.00
Officer Director
$0 $0 $0
Julian Bibb Director 0.00
Director
$0 $0 $0
Pamela Bright Director 0.00
Director
$0 $0 $0
Matt Brown Director 0.00
Director
$0 $0 $0
Cleatrice McTorry Director 0.00
Director
$0 $0 $0
Sarah Critchlow Director 0.00
Director
$0 $0 $0
Carvin Vaughn Director 0.00
Director
$0 $0 $0
Kimberly Menifee Director 0.00
Director
$0 $0 $0
Carolyn Wall Director 0.00
Director
$0 $0 $0
Tovitha Williams Director 0.00
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 $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
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