Jazz Foundation of America Inc (EIN 133631523) - 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

1992

Legal Domicile

Principal Officer

Joseph Petrucelli

Phone

2122453999

Tax Period

2023-07-01 to 2024-06-30

Jazz Foundation of America Inc, founded in 1992, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $39.2M in total revenue in fiscal year 2023. Revenue surged 3955% from the prior year, signaling strong growth momentum. The organization ran a surplus of $35.3M, a strong 90% operating margin.

Mission

The Jazz Foundation of America is a nonprofit that assists jazz and blue musicians by providing emergency assistance and creating work opportunities.

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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 $36,759,467

Program Service Revenue $0

Investment Income $3,299,625

Other Revenue $-899,907

TOTAL REVENUE $39,159,185

Expense Breakdown

Grants Paid $487,197

Salaries & Benefits $1,822,190

Fundraising Expenses $317,928

Program Expenses $2,622,923

Other Expenses $1,522,347

TOTAL EXPENSES $3,831,734

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,159,185	$965,667	+39.6%
Expenses	$3,831,734	$3,709,439	+0.0%
Net Income	$35,327,451	$-2,743,772	-13.9%

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

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

$515,948

Total Directors

$304,902

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph Petrucelli	Executive Dir.	40.00	Officer	$180,280	$16,480	$196,760
Daryl Dunbar	CFO	40.00	Officer	$147,855	$15,831	$163,686
Wendy Oxenhorn	Vice Chair	10.00	Officer Director	$138,006	$17,496	$155,502
Steve Jordan	Board/Music Dir	15.00	Director	$149,400	$0	$149,400
Bridget Sullivan	Director of Dev.	40.00		$114,290	$15,160	$129,450
Jarret Lilien	Chairman	5.00	Officer Director	$0	$0	$0
Dr Daveed Frazier	President	5.00	Officer Director	$0	$0	$0
Michael Devins	Treasurer	5.00	Officer Director	$0	$0	$0
Richard Parsons	Board Member	1.00	Director	$0	$0	$0
Bonin Bough	Board Member	1.00	Director	$0	$0	$0
William Douglass III	Board Member	1.00	Director	$0	$0	$0
Dr Frank Forte	Board Member	1.00	Director	$0	$0	$0
Ben Giordiano	Board Member	1.00	Director	$0	$0	$0
Danny Glover	Board Member	1.00	Director	$0	$0	$0
Casey Lipscomb	Board Member	1.00	Director	$0	$0	$0
Peter Low	Board Member	1.00	Director	$0	$0	$0
Scott McCartney	Board Member	1.00	Director	$0	$0	$0
Geoffrey Menin	Board Member	2.00	Director	$0	$0	$0
Michael Novogratz	Board Member	1.00	Director	$0	$0	$0
Robert Opartny	Board Member	2.00	Director	$0	$0	$0
Casey Patterson	Board Member	1.00	Director	$0	$0	$0
Michael Pietrowicz	Board Member	1.00	Director	$0	$0	$0
Dakota Pippins	Board Member	1.00	Director	$0	$0	$0
Lee Richards	Board Member	2.00	Director	$0	$0	$0
Marc Roth	Board Member	1.00	Director	$0	$0	$0
Abigail Scheuer	Board Member	1.00	Director	$0	$0	$0
Stephen Siegel	Board Member	1.00	Director	$0	$0	$0
Marlisa Vinciguerra	Board Member	2.00	Director	$0	$0	$0
Bill Wurtzel	Board Member	1.00	Director	$0	$0	$0
Sandy Jordan	Board Member	1.00	Director	$0	$0	$0
Hank O'Neal	Board Member	1.00	Director	$0	$0	$0
Jimmy Owens	Board Member	1.00	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
2025	No data	No data	No data	No data
2024	$39,159,185	$3,831,734	$72,589,739	$35,327,451
2023	$965,667	$3,709,439	$35,288,027	$-2,743,772
2022	$3,124,660	$3,931,759	$32,790,220	$-807,099
2021	$5,586,492	$3,710,687	$39,222,817	$1,875,805
2020	$24,040,889	$3,554,776	$33,199,156	$20,486,113
2019	$1,752,656	$2,976,997	$11,874,245	$-1,224,341
2018	$3,527,029	$3,574,508	$12,092,596	$-47,479

Jazz Foundation of America Inc