CENTRAL NEW YORK JAZZ ARTS FOUNDATION INC (EIN 161546134) - 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

1996

Legal Domicile

Principal Officer

LAURANCE LUTTINGER

Phone

3154795299

Tax Period

2023-10-01 to 2024-09-30

CENTRAL NEW YORK JAZZ ARTS FOUNDATION INC, founded in 1996, is a small nonprofit in the Arts, Culture & Humanities sector that reported $503K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

ENRICH THE COMMUNITY BY SUSTAINING AND PRESENTING THE ART FORM OF AMERICAN JAZZ.

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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 $421,363

Program Service Revenue $81,739

Investment Income $13

Other Revenue $0

TOTAL REVENUE $503,115

Expense Breakdown

Grants Paid $0

Salaries & Benefits $106,512

Fundraising Expenses $11,303

Program Expenses $359,579

Other Expenses $407,163

TOTAL EXPENSES $513,675

Year-over-Year Comparison

	2023	2022	Change
Revenue	$503,115	$543,686	-0.1%
Expenses	$513,675	$477,296	+0.1%
Net Income	$-10,560	$66,390	-1.2%

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

$27,400

Total Directors

$27,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURANCE LUTTINGER	EXECUTIVE DI	40.00	Officer Director	$27,400	$0	$27,400
DOUG DIGENNARO	DIRECTOR	2.00	Director	$0	$0	$0
JOE DRISCOLL	DIRECTOR	2.00	Director	$0	$0	$0
TODD K EUDELL	DIRECTOR	2.00	Director	$0	$0	$0
MALLORY FISHER	TREASURER	4.00	Officer Director	$0	$0	$0
JOE FRATESCHI	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN LAWLESS	DIRECTOR	2.00	Director	$0	$0	$0
JAVIER A MAYMI-PEREZ	SECRETARY	4.00	Officer Director	$0	$0	$0
CHRISTOPHER MILITELLO	PRESIDENT	4.00	Officer Director	$0	$0	$0
BRIAN E MOORE	VICE PRESIDE	4.00	Officer Director	$0	$0	$0
WILLIAM NICHOLSON	DIRECTOR	2.00	Director	$0	$0	$0
DEREK J RICE	DIRECTOR	2.00	Director	$0	$0	$0
D'ARTIST V VAUGHN	VICE PRESIDE	2.00	Officer 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
2024	$503,115	$513,675	$490,091	$-10,560
2023	$543,686	$477,296	$479,863	$66,390
2022	$500,084	$422,497	$410,378	$77,587
2021	$295,393	$284,517	$404,479	$10,876
2020	$265,068	$266,816	$344,729	$-1,748
2019	$399,520	$399,389	$307,405	$131
2018	$416,155	$418,946	$317,924	$-2,791

CENTRAL NEW YORK JAZZ ARTS FOUNDATION INC