HUNTINGTON AFRICAN AMERICAN MUSEUM… - Form 990 Financial Data

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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

BARRY LITES

Phone

6318249040

Tax Period

2023-01-01 to 2023-12-31

HUNTINGTON AFRICAN AMERICAN MUSEUM INC, founded in 2022, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $60K in total revenue in fiscal year 2023. The organization ran a surplus of $48K, a strong 80% operating margin.

Mission

TO PROVIDE A FORUM TO EXPLORE AND CELEBRATE AFRICAN AMERICAN HISTORY AND CULTURE. EXPLORE CONTRIBUTIONS OF AFRICAN AMERICAN'S LIFESTYLE, CULTURE, ART AND TRADITIONS THROUGH EDUCATION, EXHIBITS AND PROGRAMS WITH AN EMPHASIS OF HUNTINGSTON'S AFRICAN AMERICAN HISTORY. HIGHLIGHT AFRICAN AMERICANS ARTIFACTS, DOCUMENTS, PHOTOGRAPHS AND OTHER ARCHIVAL MATERIALS THAT WILL EDUCATE VISITORS OF ALL AGES ABOUT HUNTINGTON'S AFRICAN AMERICAN HISTORY AND CULTURE.

Program Service Accomplishments

Program 1

Expenses: $0

MUSEUM REVENUE

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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 (2023)

Revenue Breakdown

Contributions & Grants $60,274

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $60,274

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,609

Program Expenses $0

Other Expenses $11,802

TOTAL EXPENSES $11,802

Year-over-Year Comparison

	2023	2022	Change
Revenue	$60,274	N/A	N/A
Expenses	$11,802	N/A	N/A
Net Income	$48,472	$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

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
BARRY LITES	BOARD CHAIRMAN	10.0	Director	$0	$0	$0
GLENDA JACKSON	DIRECTOR	5.0	Director	$0	$0	$0
IRENE MOORE	DIRECTOR	5.0	Director	$0	$0	$0
KEVIN THORBOURNE	DIRECTOR	5.0	Director	$0	$0	$0
REV LARRY D JENNINGS	DIRECTOR	5.0	Director	$0	$0	$0
CARMELLA STEPHENS	DIRECTOR	5.0	Director	$0	$0	$0
BEVERLY GORHAM	DIRECTOR	5.0	Director	$0	$0	$0
MELISSA ROUSSEAU	DIRECTOR	5.0	Director	$0	$0	$0
VERONICA BAILEY	DIRECTOR	5.0	Director	$0	$0	$0
CHERRIE REDONDO	EXECUTIVE ASSISTANT	15.0	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
2024	No data	No data	No data	No data
2023	$60,274	$11,802	$48,472	$48,472

HUNTINGTON AFRICAN AMERICAN MUSEUM INC