AFRICAN AMERICAN CULTURAL CENTER (EIN 800356346) - 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

2008

Legal Domicile

Phone

4089106958

Tax Period

2024-07-01 to 2025-06-30

AFRICAN AMERICAN CULTURAL CENTER, founded in 2008, is a micro nonprofit in the Human Services sector that reported $85K in total revenue in fiscal year 2024. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $459K exceeded revenue, resulting in a 438% operating deficit.

Mission

CREATING, DEVELOPING AND BUILDING THE NEW AFRICAN-AMERICAN COMMUNITY SERVICE AGENCY PROJECT - AN AFFORDABLE HOUSING MIXED USE DEVELOPMENT WHICH WILL INCLUDE A COMMUNITY SERVICE AGENCY, COMMUNITY HEALTH CLINICS, ADULT AND FAMILY SERVICES, AND OTHER RELATED PROGRAMS.

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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 $50

Program Service Revenue $0

Investment Income $85,159

Other Revenue $0

TOTAL REVENUE $85,209

Expense Breakdown

Grants Paid $0

Salaries & Benefits $130,799

Fundraising Expenses $46,855

Program Expenses $212,072

Other Expenses $327,913

TOTAL EXPENSES $458,712

Year-over-Year Comparison

	2024	2023	Change
Revenue	$85,209	$3,768,484	-1.0%
Expenses	$458,712	$420,101	+0.1%
Net Income	$-373,503	$3,348,383	-1.1%

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

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

$125,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WALTER WILSON	DIRECTOR	40.00	Director	$125,000	$0	$125,000
JOANNA FARRIS	DIRECTOR	0.00	Director	$0	$0	$0
RICH ROBINSON	VICE-PRESIDENT	0.00	Officer Director	$0	$0	$0
GALE SIMMONS	SECRETARY	0.00	Officer Director	$0	$0	$0
EMEKA NWADIBIA	DIRECTOR	0.00	Director	$0	$0	$0
ANEITA GAGE	TREASURER	0.00	Officer Director	$0	$0	$0
CHRISTINA LEWIS	DIRECTOR	0.00	Director	$0	$0	$0
CAROL R DIXON	PRESIDENT	0.00	Officer Director	$0	$0	$0
AILEEN CASANAVE	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	$85,209	$458,712	$4,867,313	$-373,503
2024	No data	No data	No data	No data
2023	$1,084,290	$50,851	$1,629,599	$1,033,439
2023	No data	No data	No data	No data
2022	$575,049	$210,271	$395,141	$364,778

AFRICAN AMERICAN CULTURAL CENTER