Chicago, IL
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)NATIONAL MUSEUM OF GOSPEL MUSIC, founded in 2017, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 6758% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 95% operating margin.
The National Museum of Gospel Music will be known for its commitment to the richness of gospel music as reflected in our past, present, and future by providing learning experiences for young people and adults. Gospel music has played a significant role in the African American fight for freedom and civil rights as well as an ambassador of goodwill around the world. The museum will inspire people of all ages to learn more about gospel music and its contributions to the foundation of American music culture through its exhibitions and programs.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $2,174,544 | $31,708 | +67.6% |
| Expenses | $108,673 | $106,266 | +0.0% |
| Net Income | $2,065,871 | $-74,558 | -28.7% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Antoinette D Wright | President and Executive Director | 25 |
Director
Key Emp
|
$43,038 | $0 | $43,038 |
| Donald Jackson | Founder and Chairman | 5 |
Officer
Director
|
$0 | $0 | $0 |
| Cynthia Jones | Secretary | 10 |
Officer
Director
|
$0 | $0 | $0 |
| Ernest Sawyer | Vice Chairman | 1 |
Officer
Director
|
$0 | $0 | $0 |
| Anthony Ruzicka | Treasurer | 2 |
Officer
Director
|
$0 | $0 | $0 |
| Carla Carroll | Member | 1 |
Director
|
$0 | $0 | $0 |
| Frank Walton | Member | 1 |
Director
|
$0 | $0 | $0 |
| Leonard Scott | Member | 1 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $2,174,544 | $108,673 | $2,277,391 | $2,065,871 |
| 2022 | $31,708 | $106,266 | $112,836 | $-74,558 |
| 2021 | $36,313 | $63,389 | $53,999 | $-27,076 |
| 2020 | $56,614 | $71,429 | $70,563 | $-14,815 |
| 2019 | $131,312 | $75,082 | $79,595 | $56,230 |
Compare NATIONAL MUSEUM OF GOSPEL MUSIC with other nonprofits in Illinois and across the country.