CENTRAL PENNSYLVANIA FRIENDS OF JAZZ (EIN 232137529) - 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

1980

Legal Domicile

Principal Officer

PHILLIP J GAUDREAU

Phone

7175401010

Tax Period

2023-01-01 to 2023-12-31

CENTRAL PENNSYLVANIA FRIENDS OF JAZZ, founded in 1980, is a small nonprofit that reported $155K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $196K exceeded revenue, resulting in a 27% operating deficit.

Mission

DEVELOP AND PROMOTE APPRECIATION OF JAZZ MUSIC IN THE CENTRAL PENNSYLVANIA COMMUNITY

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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 $103,563

Program Service Revenue $45,651

Investment Income $411

Other Revenue $5,499

TOTAL REVENUE $155,124

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,586

Fundraising Expenses $1,873

Program Expenses $156,202

Other Expenses $169,727

TOTAL EXPENSES $196,313

Year-over-Year Comparison

	2023	2022	Change
Revenue	$155,124	$123,666	+0.3%
Expenses	$196,313	$183,510	+0.1%
Net Income	$-41,189	$-59,844	-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

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

$3,333

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN RUDOLPH	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVE WAGNER	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
RITA HICKS	TREASURER	5.00	Officer Director	$0	$0	$0
DR PAUL HAIDET	BOARD MEMBER	2.00	Director	$0	$0	$0
JUSTIN BOWDEN	BOARD MEMBER	2.00	Director	$0	$0	$0
PHILIP J HORN	EXECUTIVE DIRECTOR	40.00	Officer Director	$0	$0	$0
MARK HUNSBERGER	BOARD MEMBER	40.00	Director	$3,333	$0	$3,333
TED REESE	PRESIDENT	5.00	Officer Director	$0	$0	$0
TIMOTHY WARFIELD	BOARD MEMBER	0.00	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	$155,124	$196,313	$76,518	$-41,189
2022	$123,666	$183,510	$118,888	$-59,844
2021	$211,986	$179,297	$182,597	$32,689

CENTRAL PENNSYLVANIA FRIENDS OF JAZZ