DC JAZZ FESTIVAL (EIN 201799842) - 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

2004

Legal Domicile

Principal Officer

SUNNY SUMTER

Phone

2024527628

Tax Period

2023-01-01 to 2023-12-31

DC JAZZ FESTIVAL, founded in 2004, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

THE MISSION OF THE DC JAZZ FESTIVAL IS TO PRESENT INTERNATIONALLY WORLD- RENOWNED AND EMERGING ARTISTS IN CELEBRATION OF JAZZ; UNIFY DIVERSE COMMUNITIES AND ENABLE CONNECTIONS BETWEEN ARTISTS AND AUDIENCE YEAR-ROUND; ADVANCE JAZZ AND MUSIC EDUCATION BY PROVIDING EXCITING, ADVENTUROUS AND DIVERSE MUSIC EXPERIENCES FOR AUDIENCES OF ALL AGES AND BACKGROUNDS IN GREATER DC AS WELL AS OUT-OF-TOWN VISITORS; PROVIDE PERFORMANCE OPPORTUNITIES FOR DC-BASED JAZZ MUSICIANS; AND HIGHLIGHT DC AS A MAJOR AND VIBRANT CENTER FOR JAZZ; AND AS A PREMIER CULTURAL DESTINATION.

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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 $1,388,404

Program Service Revenue $713,711

Investment Income $0

Other Revenue $52,883

TOTAL REVENUE $2,154,998

Expense Breakdown

Grants Paid $0

Salaries & Benefits $482,409

Fundraising Expenses $52,993

Program Expenses $1,837,763

Other Expenses $1,670,744

TOTAL EXPENSES $2,153,153

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,154,998	$1,735,895	+0.2%
Expenses	$2,153,153	$1,665,846	+0.3%
Net Income	$1,845	$70,049	-1.0%

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

190

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

$207,358

Total Directors

$207,358

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUNNY SUMTER	CEO/PRESIDEN	40.00	Officer Director	$169,358	$38,000	$207,358
RONALD D ABRAMSON	DIRECTOR	1.00	Director	$0	$0	$0
CLAUDE E BAILEY	FOUNDING CHA	1.00	Director	$0	$0	$0
RON CARTER	DIRECTOR	1.00	Director	$0	$0	$0
FELIX CONTRERAS	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER CURRIE	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN EUBANKS	DIRECTOR	1.00	Director	$0	$0	$0
ELLIOTT FERGUSON	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES FISHMAN	HONORARY CHA	1.00	Director	$0	$0	$0
PAM FRAZIER	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY FREUND	DIRECTOR	1.00	Director	$0	$0	$0
ANGIE M GATES	DIRECTOR	1.00	Director	$0	$0	$0
PETER M GILLON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DAVID GORODETSKI	DIRECTOR	1.00	Director	$0	$0	$0
D'QWELL JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM LACY CLAY JR	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM KIRK	DIRECTOR	1.00	Director	$0	$0	$0
KAREN MARANGI	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT R MARSHALL	TREASURER	1.00	Officer Director	$0	$0	$0
ERIK A MOSES	DIRECTOR	1.00	Director	$0	$0	$0
HARRIET SANFORD	SECRETARY	1.00	Officer Director	$0	$0	$0
THOMAS SILVERSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
KIM TIGNOR	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH VENEY	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE WHIPKEY	DIRECTOR	1.00	Director	$0	$0	$0
CARMENCITA WHONDER	DIRECTOR	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
2024	No data	No data	No data	No data
2023	$2,154,998	$2,153,153	$664,279	$1,845
2022	$1,735,895	$1,665,846	$651,473	$70,049
2021	$1,492,287	$1,483,601	$509,622	$8,686
2020	$1,002,894	$852,812	$486,694	$150,082
2019	$1,903,353	$1,799,982	$339,724	$103,371
2018	$1,405,399	$1,340,302	$247,588	$65,097

DC JAZZ FESTIVAL