PRESERVATION HALL FOUNDATION INC (EIN 272910626) - 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

2011

Legal Domicile

Principal Officer

JEANETTE JAFFE

Phone

5045222841

Tax Period

2024-01-01 to 2024-12-31

PRESERVATION HALL FOUNDATION INC, founded in 2011, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.1M in total revenue in fiscal year 2024. Revenue surged 95% from the prior year, signaling strong growth momentum. The organization ran a surplus of $807K, a strong 20% operating margin.

Mission

PRESERVATION HALL FOUNDATION PROTECTS, PRESERVES, AND PERPETUATES NEW ORLEANS MUSIC THROUGH ENGAGING AND SUPPORTING MUSICIANS; PROVIDING SUPPORT AND SERVICES TO ELDER MEMBERS OF OUR COLLECTIVE; CONSERVING AND SHARING JAZZ MUSIC ARCHIVES AND SPACES; PROVIDING EDUCATIONAL EXPERIENCES FOR STUDENTS, FAMILIES AND THE GENERAL PUBLIC; AND GRANTMAKING TO RECOGNIZE MERIT AND/OR ALLEVIATE NEED.

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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 $3,820,434

Program Service Revenue $201,150

Investment Income $216,921

Other Revenue $-157,889

TOTAL REVENUE $4,080,616

Expense Breakdown

Grants Paid $392,425

Salaries & Benefits $944,415

Fundraising Expenses $1,186,129

Program Expenses $1,707,248

Other Expenses $1,936,830

TOTAL EXPENSES $3,273,670

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,080,616	$2,092,940	+0.9%
Expenses	$3,273,670	$2,275,826	+0.4%
Net Income	$806,946	$-182,886	-5.4%

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

$224,646

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N SUNDIATA HALEY	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEXA PULITZER	BOARD MEMBER	1.00	Director	$0	$0	$0
DR AARON WOLFSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
DR JOHN WELLS	SECRETARY	1.00	Officer Director	$0	$0	$0
JEANETTE JAFFE	VICE PRESIDENT/TREASURER	10.00	Officer Director	$0	$0	$0
BENJAMIN JAFFE	CHAIRMAN	10.00	Officer Director	$0	$0	$0
WENDY POPOWICH	BOARD MEMBER	1.00	Director	$0	$0	$0
GRAHAM COLEMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
RENE LAPEYROLERIE	BOARD MEMBER	1.00	Director	$0	$0	$0
RICKIE MONIE	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN POORMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL MARTINOVICH	MANAGING DIRECTOR	40.00	Officer	$150,000	$0	$150,000
GREG LUCAS	EXECUTIVE DIRECTOR	40.00	Officer	$74,646	$0	$74,646
ASHLEY GRAHAM	DEVELOPMENT DIRECTOR	40.00	Highest	$153,411	$0	$153,411

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	$4,080,616	$3,273,670	$9,268,903	$806,946
2023	$2,092,940	$2,275,826	$8,643,360	$-182,886
2022	$3,211,491	$1,875,805	$3,942,943	$1,335,686
2021	$2,671,447	$1,961,125	$2,657,700	$710,322
2020	$3,416,287	$1,863,614	$2,027,145	$1,552,673

PRESERVATION HALL FOUNDATION INC