New York, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
The Jazz Foundation of America is a nonprofit that assists jazz and blue musicians by providing emergency assistance and creating work opportunities.
Musicians' Emergency Fund/Housing and Emergency Assistance: Preventing homelessness and evictions for musicians in need and assisting with rent, mortgages, transportation, utilities and other...
Musicians' Emergency Fund/Housing and Emergency Assistance: Preventing homelessness and evictions for musicians in need and assisting with rent, mortgages, transportation, utilities and other essential living expenses. Most musicians have no savings, they rarely get paid properly, and they live gig to gig. For example, if someone can't work because they've had an accident and are now behind in their rent, we pay their rent and/or utilities to keep them from eviction. We also make sure there is enough food on the table and even go to the hospital with them for treatment if they are alone. In other crisis situations, we are needed to repair or replace instruments so that musicians can keep working. Whatever the situation calls for, we address the need through compassion and counseling from our social work team. JFA looks at the whole person and sees the long- and short-term challenges. This can include making home visits to an elderly person who is alone and even connecting them with younger musicians they can mentor who check in and help care for them. We also make calls after business hours to let them know they are not forgotten. Sometimes we uncover the root of someone's depression or help reconnect them with estranged family members. Every case is special and needs more than what it first presents. Whatever the situation, we heal it as best we can with love, a helping hand, and some creativity. JFA assisted in 1,180 unique cases through the Musicians' Emergency Fund in 2024.
Jazz and Blues in the Schools/Creating Employment: Dignified work that keeps the music alive. Most often, the best way to help blues, jazz, and roots musicians in crisis is to keep them working...
Jazz and Blues in the Schools/Creating Employment: Dignified work that keeps the music alive. Most often, the best way to help blues, jazz, and roots musicians in crisis is to keep them working. Musicians who used to play six nights a week now have few or no options. The Jazz and Blues in the Schools program continues to be a vital source of income and optimism for our legendary elders. JITS serves multiple purposes: 1) providing dignified work for artists to continue doing what they love most; 2) presenting live music to underserved audiences at a variety of community venues and creating access to enrichment and entertainment; and preserving the legacy of jazz and blues through concerts by veteran audiences reaching new listeners. Many of the thousands of young attending their concerts have never heard live music. By sharing this music at schools that otherwise have limited access to arts and enrichment, we can help to build future audiences. In a digital world, this interaction provides the opportunity to learn how music is actually made. Through Jazz and Blues in the Schools, musicians feel alive with purpose, sharing their life stories with hundreds of new fans and passing on valuable lessons about the history and practice of blues, jazz, and roots music. JFA created 1,927 paid work opportunities for musicians in need through the Jazz and Blues in the Schools Program in 2024.
The Gig Fund /Provide Jazz and Blues Music Free to the Public. The Gig Fund produces free, pop-up performances for underserved audiences. The shows take place in public spaces as opposed to...
The Gig Fund /Provide Jazz and Blues Music Free to the Public. The Gig Fund produces free, pop-up performances for underserved audiences. The shows take place in public spaces as opposed to traditional and costly venues, and engage new audiences who would not otherwise have the chance to hear these accomplished players. Our dream is for this program to return us to the days when a band would just start playing during lunch hour or after-work, and people would gather to listen, dance, and sing, and there would be this shared experience, reminding us that We Are All In This Together. In 2024 the JFA provide 530 work opportunities for musicians through the Gig Fund Program.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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