THE NATIONAL JAZZ MUSEUM IN HARLEM (EIN 133853627) - 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

1995

Legal Domicile

Principal Officer

MARK A WILLIS

Phone

2123488300

Tax Period

2023-07-01 to 2024-06-30

THE NATIONAL JAZZ MUSEUM IN HARLEM, founded in 1995, is a small nonprofit in the Arts, Culture & Humanities sector that reported $966K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $1.3M exceeded revenue, resulting in a 33% operating deficit.

Mission

THE MISSION OF THE NATIONAL JAZZ MUSEUM IN HARLEM IS TO PRESERVE, PROMOTE, AND PRESENT JAZZ BY INSPIRING KNOWLEDGE, APPRECIATION, AND THE CELEBRATION OF JAZZ LOCALLY, NATIONALLY, AND INTERNATIONALLY.

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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 $898,224

Program Service Revenue $52,106

Investment Income $29

Other Revenue $15,234

TOTAL REVENUE $965,593

Expense Breakdown

Grants Paid $0

Salaries & Benefits $507,281

Fundraising Expenses $139,796

Program Expenses $795,095

Other Expenses $773,187

TOTAL EXPENSES $1,280,468

Year-over-Year Comparison

	2023	2022	Change
Revenue	$965,593	$1,177,906	-0.2%
Expenses	$1,280,468	$1,428,264	-0.1%
Net Income	$-314,875	$-250,358	+0.3%

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

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

$141,739

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD TAFFET	CHAIR	0.00	Director	$0	$0	$0
LOLITA JACKSON	VICE CHAIR	0.00	Director	$0	$0	$0
AL DE LEON	SECRETARY	0.00	Director	$0	$0	$0
MARK A WILLIS	TREASURER	0.00	Director	$0	$0	$0
LOLA ADESIOYA	TRUSTEE	0.00	Director	$0	$0	$0
ZAIRE BAPTISTE	TRUSTEE	0.00	Director	$0	$0	$0
JEFF D'ONOFRIO	TRUSTEE	0.00	Director	$0	$0	$0
JAI K JACOB	TRUSTEE	0.00	Director	$0	$0	$0
KEN MCINTYRE	TRUSTEE	0.00	Director	$0	$0	$0
WYNTON MARSALIS	TRUSTEE	0.00	Director	$0	$0	$0
ROBERT L NELSON JR	TURSTEE	0.00	Director	$0	$0	$0
SAMUEL A TURNVEY	TRUSTEE	0.00	Director	$0	$0	$0
SUE VO	TRUSTEE	0.00	Director	$0	$0	$0
MICHAEL WILKES	TRUSTEE	0.00	Director	$0	$0	$0
LLOYD WILLIAMS	TRUSTEE	0.00	Director	$0	$0	$0
TRACY HYTER-SUFFERN	EXECUTIVE DIRECTOR	1.00	Officer	$141,739	$0	$141,739

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	$965,593	$1,280,468	$650,497	$-314,875
2023	$1,177,906	$1,428,264	$905,926	$-250,358
2022	$1,249,200	$1,223,964	$764,890	$25,236
2021	$1,151,254	$1,086,850	$809,427	$64,404
2020	$848,608	$974,044	$553,029	$-125,436
2019	$1,225,134	$929,641	$611,311	$295,493
2018	$853,311	$919,920	$333,041	$-66,609

THE NATIONAL JAZZ MUSEUM IN HARLEM