THE NATIONAL MUSEUM OF AFRICAN AMERICAN MUSIC (EIN 621867910) - 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

2001

Legal Domicile

Principal Officer

WILLIAM JEFFRIES

Phone

6153018724

Tax Period

2023-07-01 to 2024-06-30

THE NATIONAL MUSEUM OF AFRICAN AMERICAN MUSIC, founded in 2001, is a community nonprofit in the Arts, Culture & Humanities sector that reported $8.4M in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $9.9M exceeded revenue, resulting in a 19% operating deficit.

Mission

TO PRESERVE AND CELEBRATE THE MUSIC CREATED, INFLUENCED, AND INSPIRED BY AFRICAN AMERICANS.

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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 $3,995,423

Program Service Revenue $3,235,254

Investment Income $19,056

Other Revenue $1,102,459

TOTAL REVENUE $8,352,192

Expense Breakdown

Grants Paid $281,179

Salaries & Benefits $3,139,958

Fundraising Expenses $1,314,001

Program Expenses $4,256,134

Other Expenses $6,520,471

TOTAL EXPENSES $9,941,608

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,352,192	$10,856,936	-0.2%
Expenses	$9,941,608	$10,117,427	0.0%
Net Income	$-1,589,416	$739,509	-3.1%

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

110

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

$831,184

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STACEY GARRETT KOJU	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
MONIQUE IDLETT MOSLEY	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
BRET BABCOCK	DIRECTOR (END 12/24)	1.00	Director	$0	$0	$0
LADONNA BOYD	DIRECTOR (END 11/24)	1.00	Director	$0	$0	$0
SHERRI NEAL CROWLEY	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS G CURTIS	DIRECTOR	1.00	Director	$0	$0	$0
ELICIA FELIX-HUGHEY	DIRECTOR (8/23-5/24)	1.00	Director	$0	$0	$0
ROBERT FISHER	DIRECTOR	1.00	Director	$0	$0	$0
KERI FLOYD KELLY	DIRECTOR (START 4/24)	1.00	Director	$0	$0	$0
ROBIN LYON	DIRECTOR	1.00	Director	$0	$0	$0
JERRY MAYNARD	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN SEXTON	DIRECTOR (START 4/24)	1.00	Director	$0	$0	$0
MARIE SUEING	DIRECTOR	1.00	Director	$0	$0	$0
BRETT SWEET	DIRECTOR	1.00	Director	$0	$0	$0
PHIL THORNTON	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
DAMON WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
DYANA WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH PAGE	BOARD INTERN (NON-VOTING)	1.00	Director	$0	$0	$0
JACOLBY ROBINSON	BOARD INTERN (NON-VOTING)	1.00	Director	$0	$0	$0
HENRY HICKS III	CEO (END 8/23)	40.00	Officer	$266,539	$13,321	$279,860
C DION BROWN	PRESIDENT & CEO (END 12/24)	40.00	Officer	$224,949	$9,697	$234,646
WILLIAM JEFFRIES	COO(END 11/24)/EXEC DIR (START 4/25)	40.00	Officer	$164,737	$12,184	$176,921
JAMES MUNCH	VP OF FINANCE (END 10/23)	40.00	Officer	$133,999	$5,758	$139,757
RUSSELL HENLEY	IT DIRECTOR	40.00	Highest	$112,173	$10,732	$122,905
CANDICE JONES	MARKETING DIRECTOR (END 3/24)	40.00	Highest	$108,215	$399	$108,614

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	$8,352,192	$9,941,608	$34,443,716	$-1,589,416
2023	$10,856,936	$10,117,427	$37,653,620	$739,509
2022	$10,944,465	$10,462,093	$38,517,966	$482,372
2021	$9,233,015	$8,893,958	$43,131,276	$339,057
2020	$16,793,730	$4,693,568	$34,994,392	$12,100,162
2019	$8,393,187	$2,945,986	$13,080,646	$5,447,201
2018	$7,434,505	$3,212,906	$6,979,372	$4,221,599

THE NATIONAL MUSEUM OF AFRICAN AMERICAN MUSIC