PORTLAND JAZZ FESTIVAL INCORPORATED

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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

2003

Legal Domicile

Principal Officer

ATIF ZAMAN

Phone

5032285299

Tax Period

2024-07-01 to 2025-06-30

PORTLAND JAZZ FESTIVAL INCORPORATED, founded in 2003, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 21% operating deficit.

Mission

THE MISSION OF PDX JAZZ IS TO EVOLVE THE ART OF JAZZ BY ENGAGING OUR COMMUNITY, CELEBRATING LIVE PERFORMANCE, AND ENHANCING ARTS EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $1,321,825 Revenue: $671,835

TO SUPPORT THE DEVELOPMENT, GROWTH, AND ENHANCEMENT OF THE PERFORMING ARTS BY PROMOTING LIVE JAZZ ENTERTAINMENT AND MUSIC EDUCATION OUTREACH IN PORTLAND, OREGON. PDX JAZZ RECEIVED CONTRIBUTED...

TO SUPPORT THE DEVELOPMENT, GROWTH, AND ENHANCEMENT OF THE PERFORMING ARTS BY PROMOTING LIVE JAZZ ENTERTAINMENT AND MUSIC EDUCATION OUTREACH IN PORTLAND, OREGON. PDX JAZZ RECEIVED CONTRIBUTED SERVICES VALUED AT 256,876, WHICH HAVE BEEN EXCLUDED FROM BOTH REVENUE AND EXPENSES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $508,841

Program Service Revenue $671,835

Investment Income $8,901

Other Revenue $0

TOTAL REVENUE $1,189,577

Expense Breakdown

Grants Paid $0

Salaries & Benefits $271,895

Fundraising Expenses $40,785

Program Expenses $1,321,825

Other Expenses $1,169,466

TOTAL EXPENSES $1,441,361

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,189,577	$1,680,981	-0.3%
Expenses	$1,441,361	$1,745,575	-0.2%
Net Income	$-251,784	$-64,594	+2.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ATIF ZAMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
TERRY MACDONALD	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
HEATHER COLEMAN-COX	SECRETARY	1.00	Officer Director	$0	$0	$0
WALT HENRY	TREASURER	1.00	Officer Director	$0	$0	$0
CYNTHIA PLANK	DIRECTOR	0.50	Director	$0	$0	$0
LAURA GOLINO DE LOVATO	DIRECTOR	1.00	Director	$0	$0	$0
GARY RANDLES	DIRECTOR	0.50	Director	$0	$0	$0
GWENDOLYN TURNER	DIRECTOR	0.50	Director	$0	$0	$0
EMILY BURRIS	DIRECTOR	0.50	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	$1,189,577	$1,441,361	$867,442	$-251,784
2024	$1,680,981	$1,745,575	$1,062,511	$-64,594
2023	$1,376,796	$1,115,301	$1,167,598	$261,495
2022	$850,997	$778,762	$639,084	$72,235
2021	$596,387	$409,636	$601,862	$186,751
2020	$687,536	$615,285	$428,377	$72,251
2019	$757,867	$662,433	$242,726	$95,434
2018	$772,531	$804,173	$139,787	$-31,642