INSTITUTE FOR THE PRESERVATION OF AFRICAN AMERICAN MUSIC AND ART (EIN 814704736) - 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

2022

Legal Domicile

Principal Officer

Themba Muzondo

Phone

4144661800

Tax Period

2022-01-01 to 2022-12-31

INSTITUTE FOR THE PRESERVATION OF AFRICAN AMERICAN MUSIC AND ART, founded in 2022, is a small nonprofit in the Arts, Culture & Humanities sector that reported $231K in total revenue in fiscal year 2022.

Mission

Provide exposure and education to the community on various genres of African American Music and Arts, and also provide usage for various community events.

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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 (2022)

Revenue Breakdown

Contributions & Grants $230,877

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $230,877

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $243,748

TOTAL EXPENSES $243,748

Year-over-Year Comparison

	2022	2021	Change
Revenue	$230,877	N/A	N/A
Expenses	$243,748	N/A	N/A
Net Income	$-12,871	$0	N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Valerie Daniels-Carter	Board Member	0	Officer	$0	$0	$0
Attoeney John W Daniels	Chairman of The Board	0	Officer	$0	$0	$0
Charlotte Ghazarian	Board Member	0	Officer	$0	$0	$0
Paula Dione Ingram	Board Member	0	Officer	$0	$0	$0
Lillian Lawrence	Board Member	0	Officer	$0	$0	$0
Annette Lenox	Board Member	0	Officer	$0	$0	$0
Robert Marovich	Board Member	0	Officer	$0	$0	$0
Dr Cheryl Parchia	Board Member	0	Officer	$0	$0	$0
Eric Peterson	Board Member	0	Officer	$0	$0	$0
Attorney Calvin Scott	Board Member	0	Officer	$0	$0	$0
Jason Spencer	Secretary	1	Officer	$0	$0	$0
Attorney Andre Townsel	Board Member	0	Officer	$0	$0	$0
Chandra Cooper-Davenporte	Board Member	0	Officer	$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
2022	$230,877	$243,748	$448,950	$-12,871

INSTITUTE FOR THE PRESERVATION OF AFRICAN AMERICAN MUSIC AND ART