DETROIT JAZZ FESTIVAL FOUNDATION (EIN 020754855) - 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

2005

Legal Domicile

Principal Officer

CHRISTOPHER B COLLINS

Phone

3134696564

Tax Period

2023-11-01 to 2024-10-31

DETROIT JAZZ FESTIVAL FOUNDATION, founded in 2005, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.3M in total revenue in fiscal year 2023.

Mission

TO FOSTER THE HISTORY AND TO NURTURE THE DEVELOPMENT OF JAZZ, TO PERPETUATE DETROIT'S SIGNIFICANT JAZZ LEGACY THROUGH EDUCATIONAL AND COLLABORATIVE OPPORTUNITIES ACCESSIBLE TO ALL, AND TO PRESENT A WORLD-CLASS SIGNATURE EVENT THAT MAKES DETROIT A TOURIST DESTINATION

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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 $4,086,802

Program Service Revenue $109,882

Investment Income $0

Other Revenue $107,849

TOTAL REVENUE $4,304,533

Expense Breakdown

Grants Paid $4,350,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,350,000

Other Expenses $10,529

TOTAL EXPENSES $4,360,529

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,304,533	$3,989,515	+0.1%
Expenses	$4,360,529	$4,461,950	0.0%
Net Income	$-55,996	$-472,435	-0.9%

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

$120,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK VALADE	CHAIR AND SECRETARY	4.00	Officer Director	$0	$0	$0
NEVRA KREGER	TREASURER	4.00	Officer Director	$0	$0	$0
WILLIE MCALLISTER	DIRECTOR	0.50	Director	$0	$0	$0
DR M ROY WILSON	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTOPHER COLLINS	PRESIDENT AND ARTISTIC DIRECTOR	5.00	Officer	$0	$0	$120,000

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	$4,304,533	$4,360,529	$364,519	$-55,996
2023	$3,989,515	$4,461,950	$370,515	$-472,435
2022	$3,994,104	$4,240,783	$842,950	$-246,679
2021	$3,431,745	$2,959,434	$1,089,629	$472,311
2020	$3,624,580	$3,173,318	$617,318	$451,262
2019	$4,566,581	$4,757,607	$207,377	$-191,026
2018	$4,809,844	$4,879,396	$357,082	$-69,552

DETROIT JAZZ FESTIVAL FOUNDATION