SAVANNAH MUSEUM OF AFRICAN ART INC (EIN 814975957) - 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

2017

Legal Domicile

Principal Officer

DONALD A KOLE

Phone

9124218168

Tax Period

2022-01-01 to 2022-12-31

SAVANNAH MUSEUM OF AFRICAN ART INC, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $379K in total revenue in fiscal year 2022. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $441K exceeded revenue, resulting in a 16% operating deficit.

Mission

MISSION IS TO FOCUS ON THE INTRODUCTION AND EDUCATION OF THE ART AND CULTURE OF WEST AND CENTRAL AFRICA AND TO START CONVERSATIONS ABOUT THE POWER, DIVERSITY, AND SPIRITUALITY OF AFRICAN ART TO ALL AUDIENCES.

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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 $379,274

Program Service Revenue $0

Investment Income $2

Other Revenue $0

TOTAL REVENUE $379,276

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $440,941

Other Expenses $440,941

TOTAL EXPENSES $440,941

Year-over-Year Comparison

	2022	2021	Change
Revenue	$379,276	$323,691	+0.2%
Expenses	$440,941	N/A	N/A
Net Income	$-61,665	$323,691	-1.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD A KOLE	PRES/CHAIRMAN	5.00	Officer Director	$0	$0	$0
JEFFREY KOLE	TREASURER	1.00	Officer Director	$0	$0	$0
DEBORAH SHELTON	DIRECTOR	1.00	Director	$0	$0	$0
PEGGY HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
JENNE ROSENWALD	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA RUCKER	DIRECTOR	1.00	Director	$0	$0	$0
RONALD FLAGG	DIRECTOR	1.00	Director	$0	$0	$0
ALISA EVANS-NEWSOME	DIRECTOR	1.00	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
2022	$379,276	$440,941	$4,496,515	$-61,665
2021	$323,691	$421,832	$4,558,180	$-98,141
2020	$306,950	$382,985	$4,656,321	$-76,035
2019	$2,465,687	$256,783	$4,732,356	$2,208,904
2018	$1,179,620	$204,435	$2,523,452	$975,185

SAVANNAH MUSEUM OF AFRICAN ART INC