FRIENDS OF JOHN COLTRANE INC (EIN 272375364) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Principal Officer

PATRICK HARMAN

Phone

3368195299

Tax Period

2023-07-01 to 2024-06-30

FRIENDS OF JOHN COLTRANE INC, founded in 2010, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 188% from the prior year, signaling strong growth momentum. The organization ran a surplus of $520K, a strong 30% operating margin.

Mission

TO PRESERVE THE HISTORY OF JOHN COLTRANE IN THE CITY OF HIGH POINT, NC AND TO PROMOTE AND EDUCATE THE JAZZ & BLUES GENRES OF MUSIC.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,222,517

Program Service Revenue $472,693

Investment Income $5,284

Other Revenue $7,167

TOTAL REVENUE $1,707,661

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,184,291

Other Expenses $1,187,379

TOTAL EXPENSES $1,187,379

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,707,661	$593,826	+1.9%
Expenses	$1,187,379	$1,099,410	+0.1%
Net Income	$520,282	$-505,584	-2.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

100

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

$84,999

Total Directors

$85,269

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE DAVIS	CO-CHAIR	1.00	Officer Director	$0	$0	$0
BERNITA SIMS	CO-CHAIR	1.00	Officer Director	$0	$0	$0
PATRICK HARMAN	TREASURER	3.00	Officer Director	$0	$0	$0
JOE WILLIAMS	SECRETARY	3.00	Officer Director	$84,999	$0	$84,999
DANNY ROGERS	BOARD MEMBER	1.00	Director	$0	$0	$0
GEORGE CLOPTON	BOARD MEMBER	1.00	Director	$0	$0	$0
KEN HAUSER	BOARD MEMBER	1.00	Director	$0	$0	$0
ELMA HAIRSTON	BOARD MEMBER	1.00	Director	$270	$0	$270

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	No data	No data	No data	No data
2024	$1,707,661	$1,187,379	$1,029,442	$520,282
2023	$593,826	$1,099,410	$509,160	$-505,584
2022	$1,452,730	$623,956	$1,014,744	$828,774
2021	$314,004	$69,387	$220,081	$244,617
2020	$433,284	$363,192	$23,722	$70,092
2019	$494,140	$472,107	$25,494	$22,033

FRIENDS OF JOHN COLTRANE INC