AFRICAN AMERICAN MUSEUM (EIN 751678200) - 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

1979

Legal Domicile

Principal Officer

Dr Harry Robinson

Phone

2145659026

Tax Period

2023-01-01 to 2023-12-31

AFRICAN AMERICAN MUSEUM, founded in 1979, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $1.7M exceeded revenue, resulting in a 33% operating deficit.

Mission

The African American Museum is dedicated to the collection. preservation, exhibition and research of artistic expression and historical documents that relate to the life and culture of the African American community.

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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 $843,664

Program Service Revenue $169,104

Investment Income $241

Other Revenue $230,636

TOTAL REVENUE $1,243,645

Expense Breakdown

Grants Paid $0

Salaries & Benefits $465,808

Fundraising Expenses $411,054

Program Expenses $394,472

Other Expenses $1,192,269

TOTAL EXPENSES $1,658,077

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,243,645	$975,050	+0.3%
Expenses	$1,658,077	$1,290,800	+0.3%
Net Income	$-414,432	$-315,750	+0.3%

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

156

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

$101,400

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Harry Robinson Jr	President CEO	40	Key Emp Highest	$66,600	$34,800	$101,400
Vonciel Jones Hill	Chairman	1	Director	$0	$0	$0
Theodore M Lewis	Senior Vice Chair	1	Director	$0	$0	$0
Ronald Patterson	Treasurer	2	Director	$0	$0	$0
Billy Fields	Secretary	1	Director	$0	$0	$0
Roscoe Smith	Vice Chair Programs	1	Director	$0	$0	$0
Oric Walker	Vice Chair Devolpment	1	Director	$0	$0	$0
Marnese B Elders	Vice Chair Membership	1	Director	$0	$0	$0
Billy Allen	Past Chairman	0	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	No data	No data	No data	No data
2023	$1,243,645	$1,658,077	$714,861	$-414,432
2022	$975,050	$1,293,104	$948,760	$-318,054
2021	$925,189	$1,093,651	$989,894	$-168,462
2020	$992,296	$899,583	$1,053,517	$92,713

AFRICAN AMERICAN MUSEUM