Hyde Park Jazz Festival (EIN 263580954) - 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

2008

Legal Domicile

Principal Officer

Kate Dumbleton

Phone

4152605606

Tax Period

2024-01-01 to 2024-12-31

Hyde Park Jazz Festival, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $382K in total revenue in fiscal year 2018. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $342K left a modest 10% surplus.

Mission

Produce annual Hyde Park Jazz Festival and support the arts in Chicago

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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 $450,677

Program Service Revenue $0

Investment Income $0

Other Revenue $39,535

TOTAL REVENUE $490,212

Expense Breakdown

Grants Paid $0

Salaries & Benefits $135,208

Fundraising Expenses $16,221

Program Expenses $353,083

Other Expenses $338,475

TOTAL EXPENSES $473,683

Year-over-Year Comparison

	2024	2023	Change
Revenue	$490,212	$479,001	+0.0%
Expenses	$473,683	$533,500	-0.1%
Net Income	$16,529	$-54,499	-1.3%

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

$70,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Ellis	President	2.00	Officer Director	$0	$0	$0
Almarie Wagner	Treasurer	5.00	Officer Director	$0	$0	$0
Judith Stein	Secretary	5.00	Officer Director	$0	$0	$0
Cheryl Whitaker	Director	2.00	Director	$0	$0	$0
Judge James B Zagel	Director (Emeritus)	2.00	Director	$0	$0	$0
Lauren Moltz	Director	5.00	Director	$0	$0	$0
Paula Jones	Director	2.00	Director	$0	$0	$0
Richard Stephenson	Director	2.00	Director	$0	$0	$0
Robert Guttman	Director	2.00	Director	$0	$0	$0
Shirley Massey	Director	2.00	Director	$0	$0	$0
Susan Oppenheimer	Director	2.00	Director	$0	$0	$0
Wendy Williams	Director	2.00	Director	$0	$0	$0
Kate Dumbleton	Executive Director	15.00	Officer	$70,000	$0	$70,000

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	$490,212	$473,683	$315,001	$16,529
2023	$479,001	$533,500	$292,872	$-54,499
2022	$445,410	$549,655	$432,971	$-104,245
2021	$562,315	$331,053	$437,216	$231,262
2020	$231,988	$195,751	$205,954	$36,237
2019	$330,731	$325,852	$169,717	$4,879
2018	$381,585	$341,790	$164,838	$39,795

Hyde Park Jazz Festival