DR CARTER G WOODSON AFRICAN AMERICAN MUSEUM INC (EIN 743112739) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

FRECHETTE BRADLEY

Phone

7273231104

Tax Period

2023-10-01 to 2024-09-30

DR CARTER G WOODSON AFRICAN AMERICAN MUSEUM INC, founded in 2006, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 64% from the prior year, signaling strong growth momentum. The organization ran a surplus of $856K, a strong 42% operating margin.

Mission

MUSEUM TO PRESERVE, PRESENT AND INTERPRET THE HISTORY OF BLACKS IN ST. PETERSBURG TO PROMOTE UNDERSTANDING IN THE COMMUNITY THRU EXHIBITS, YOUTH PROGRAMS, ORAL HISTORY PROJECTS, SPEAKERS AND FILMS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,348,595

Program Service Revenue $423,773

Investment Income $153,817

Other Revenue $102,458

TOTAL REVENUE $2,028,643

Expense Breakdown

Grants Paid $251,200

Salaries & Benefits $288,303

Fundraising Expenses $10,000

Program Expenses $874,625

Other Expenses $633,315

TOTAL EXPENSES $1,172,818

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,028,643	$1,237,828	+0.6%
Expenses	$1,172,818	$780,441	+0.5%
Net Income	$855,825	$457,387	+0.9%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$92,538

Total Directors

$92,538

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRI LIPSEY SCOTT	EXECUTIVE DI	20.00	Officer Director	$92,538	$0	$92,538
DR RAY ARSENAULT	DIRECTOR/BOA	5.00	Director	$0	$0	$0
FRECHETTE BRADLEY	BOARD CHAIR	20.00	Officer Director	$0	$0	$0
KIMBERLY BROWN-WILLIAMS	TREASURER	20.00	Officer Director	$0	$0	$0
CHIQUITA CLARK	BOARD MEMBER	5.00	Director	$0	$0	$0
ROSLYN GRAHAM	BOARD MEMBER	5.00	Director	$0	$0	$0
YOLANDA HUDSON	SECRETARY	20.00	Officer 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	$2,028,643	$1,172,818	$4,662,092	$855,825
2023	$1,237,828	$780,441	$3,117,049	$457,387
2022	$1,819,441	$660,387	$2,657,304	$1,159,054
2021	$1,587,924	$331,153	$1,572,278	$1,256,771
2020	$397,934	$245,176	$318,840	$152,758
2019	$223,232	$207,936	$162,383	$15,296

DR CARTER G WOODSON AFRICAN AMERICAN MUSEUM INC