MINNESOTA AFRICAN AMERICAN HERITAGE MUSEUM AND GALLERY (EIN 825182136) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

Jack Rainey Jr

Phone

6127875448

Tax Period

2023-01-01 to 2023-12-31

MINNESOTA AFRICAN AMERICAN HERITAGE MUSEUM AND GALLERY is a 501(c)(3) with EIN 825182136, based in Minneapolis, MN. Founded in 2018, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $76,449 in total revenue and $213,524 in total expenses, with net assets of $304,659.

Mission

To preserve, record, and highlight the achievements, contributions and experiences of African Americans in Minnesota.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $73,448

Program Service Revenue $0

Investment Income $332

Other Revenue $2,669

TOTAL REVENUE $76,449

Expense Breakdown

Grants Paid $24,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $204,643

Other Expenses $189,524

TOTAL EXPENSES $213,524

Year-over-Year Comparison

	2023	2022	Change
Revenue	$76,449	$280,726	-0.7%
Expenses	$213,524	$130,914	+0.6%
Net Income	$-137,075	$149,812	-1.9%

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

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
Clarence Jones	Board Member	1	Director	$0	$0	$0
Tina Burnside	Co-Founder	1	Director	$0	$0	$0
Coventry Royster Cowens	Co-Founder and Interim Operations Coordinator	1	Director	$0	$0	$0
Verlena Flournoy Matey-Keke	Secretary	1	Officer Director	$0	$0	$0
Jack Rainey Jr	Treasurer	1	Officer 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
2024	No data	No data	No data	No data
2023	$76,449	$213,524	$304,659	$-137,075
2022	$280,726	$130,914	$441,759	$149,812
2021	$307,060	$196,847	$291,947	$110,213

MINNESOTA AFRICAN AMERICAN HERITAGE MUSEUM AND GALLERY