STOUTSBURG SOURLAND AFRICAN AMERICAN MUSEUM

EIN: 812811228 501(c)(3) Arts, Culture & Humanities

HOPEWELL, NJ

Total Revenue
$1,466,427
Total Expenses
$728,012
Total Assets
$3,019,405
Net Assets
$2,348,810
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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
2016
Legal Domicile
NJ
Principal Officer
CATHERINE FULMER-HOGAN
Phone
6092407004
Tax Period
2024-01-01 to 2024-12-31

STOUTSBURG SOURLAND AFRICAN AMERICAN MUSEUM, founded in 2016, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 189% from the prior year, signaling strong growth momentum. The organization ran a surplus of $738K, a strong 50% operating margin.

Mission

TELL THE STORY OF THE UNIQUE CULTURE, EXPERIENCES, AND CONTRIBUTIONS OF THE AFRICAN AMERICAN COMMUNITY OF THE SOURLAND MOUNTAIN REGION OF CENTRAL NEW JERSEY.

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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 $1,487,946
Program Service Revenue $31,829
Investment Income $10,998
Other Revenue $-64,346
TOTAL REVENUE $1,466,427

Expense Breakdown

Grants Paid $0
Salaries & Benefits $237,548
Fundraising Expenses $89,213
Program Expenses $445,394
Other Expenses $490,464
TOTAL EXPENSES $728,012

Year-over-Year Comparison

2024 2023 Change
Revenue $1,466,427 $507,923 +1.9%
Expenses $728,012 $566,305 +0.3%
Net Income $738,415 $-58,382 -13.6%
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
10
Independent Members
10
Employees
8
Volunteers
143

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
6
$121,976
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CATHERINE FULMER-HOGAN PRESIDENT 10.00
Officer Director
$0 $0 $0
STEPHANIE ADKINS TREASURER 1.00
Officer Director
$0 $0 $0
BRUCE DANIELS VICE PRESIDENT 19.00
Officer Director
$0 $0 $0
IAN BURROW TRUSTEE 1.00
Director
$0 $0 $0
IJEOMA NWAGWU TRUSTEE 1.00
Director
$0 $0 $0
PATRICIA PAYNE TRUSTEE 1.00
Director
$0 $0 $0
RAHSAAN HARRIS TRUSTEE 1.00
Director
$0 $0 $0
HEATHER CIOCIOLA TRUSTEE 1.00
Director
$0 $0 $0
MARY ROBINSON COHEN TRUSTEE 1.00
Director
$0 $0 $0
TANA BOSTER SECRETARY 2.00
Officer Director
$0 $0 $0
DONNETTA BISHOP-JOHNSON EXECUTIVE DIRECTOR (THRU 7/24) 40.00
Officer
$65,676 $0 $65,676
ANITA WILLIAMS GALIANO EXECUTIVE DIRECTOR (START 7/24) 40.00
Officer
$56,300 $0 $56,300
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 $1,466,427 $728,012 $3,019,405 $738,415
2023 $507,923 $566,305 $1,815,488 $-58,382
2022 $1,005,945 $469,507 $1,172,749 $536,438
2022 $977,308 $237,729 $1,832,130 $739,579
2021 $348,920 $154,961 $863,042 $193,959
2020 $262,958 $99,294 $552,583 $163,664
2019 $346,221 $33,594 $366,419 $312,627
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