Havre de Grace Colored School Museum and Cultural Center Inc

EIN: 842019323 501(c)(3) Arts, Culture & Humanities

Havre de Grace, MD

Total Revenue
$145,465
Total Expenses
$123,476
Total Assets
$1,814,510
Net Assets
$1,814,510
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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
2018
Legal Domicile
MD
Principal Officer
Patricia Cole
Phone
4439390366
Tax Period
2024-01-01 to 2024-12-31

Havre de Grace Colored School Museum and Cultural Center Inc, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $145K in total revenue in fiscal year 2024. Revenue fell 87% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $22K, a strong 15% operating margin.

Mission

activities to increase public awareness of contributions to amercian culture made by persons of african descent in the region

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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 $100,868
Program Service Revenue $0
Investment Income $21,480
Other Revenue $23,117
TOTAL REVENUE $145,465

Expense Breakdown

Grants Paid $0
Salaries & Benefits $25,440
Fundraising Expenses $0
Program Expenses $74,236
Other Expenses $98,036
TOTAL EXPENSES $123,476

Year-over-Year Comparison

2024 2023 Change
Revenue $145,465 $1,152,610 -0.9%
Expenses $123,476 $186,590 -0.3%
Net Income $21,989 $966,020 -1.0%
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
14
Independent Members
14
Employees
4
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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Iris Leigh Barnes Board Member 1.00
Director
$0 $0 $0
Turshandah Cole Board Member 3.00
Director
$0 $0 $0
Sheryl Coleman Board Member 12.00
Director
$0 $0 $0
Emil Cromwell Board Member 3.00
Director
$0 $0 $0
Corey Erby Board Member 8.00
Director
$0 $0 $0
Robert Parker Board Member 2.00
Director
$0 $0 $0
Lenora Robinson Board Member 3.00
Director
$0 $0 $0
Yulonda Gravette Jackson Board Member 1.00
Director
$0 $0 $0
Brenda James Board Member 2.00
Director
$0 $0 $0
Janice Grant Board Member 1.00
Director
$0 $0 $0
Patricia Cole President 15.00
Officer
$0 $0 $0
Leslie Williams Vice President 2.00
Officer
$0 $0 $0
Jordan Dodson Secretary 2.00
Officer
$0 $0 $0
June Conley Treasurer 3.00
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
2024 $145,465 $123,476 $1,814,510 $21,989
2023 $1,152,610 $186,590 $1,792,521 $966,020
2022 $190,707 $110,558 $826,501 $80,149
2021 $335,282 $64,061 $746,352 $271,221
2020 $102,555 $28,392 $478,736 $74,163
2019 $250,485 $8,873 $241,612 $241,612
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