WV Jazz Society Inc (EIN 271353750) - 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

2010

Legal Domicile

Principal Officer

Eric Spelsberg

Phone

3042695215

Tax Period

2023-01-01 to 2023-12-31

WV Jazz Society Inc, founded in 2010, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $5K in total revenue in fiscal year 2023. Revenue fell 70% from the prior year — a significant decline worth monitoring.

Mission

The West Virginia Jazz Society has a mission to identify and develop the market for live jazz music in central West Virginia, in order to enhance local culture and music education in the 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 $500

Program Service Revenue $4,079

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,579

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,362

Other Expenses $4,887

TOTAL EXPENSES $4,887

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,579	$15,245	-0.7%
Expenses	$4,887	$15,090	-0.7%
Net Income	$-308	$155	-3.0%

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

N/A

Volunteers

N/A

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
Eric Spelsberg	President	005.00	Officer Director	$0	$0	$0
Rose Ann Policano	Vice President	005.00	Officer Director	$0	$0	$0
Julia Spelsberg	Secretary	005.00	Officer Director	$0	$0	$0
Robert Workman	Treasurer	005.00	Officer Director	$0	$0	$0
Peter Edgerton	Director	005.00	Director	$0	$0	$0
Kent Spellman	Director	005.00	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
2023	$4,579	$4,887	$1,713	$-308
2022	$15,245	$15,090	$2,021	$155
2021	$7,506	$6,889	$1,866	$617
2020	$6,197	$5,141	$1,249	$1,056

WV Jazz Society Inc