UNITED JAZZ FOUNDATION C/O NICOLE PARSON (EIN 300766845) - 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

2013

Legal Domicile

Principal Officer

DION GARY PARSON

Phone

2122224070

Tax Period

2023-01-01 to 2023-12-31

UNITED JAZZ FOUNDATION C/O NICOLE PARSON, founded in 2013, is a small nonprofit in the Arts, Culture & Humanities sector that reported $952K in total revenue in fiscal year 2023. Revenue surged 472% from the prior year, signaling strong growth momentum. Expenses of $908K left a modest 5% surplus.

Mission

TO PROVIDE MUSIC EDUCATION AND MENTORING TO UNDERSERVED YOUTH. THROUGH ITS MUSIC EDUCATION PROGRAM, "MENTORING THROUGH THE ARTS OF MUSIC," THE ORGANIZATION SEEKS TO CONNECT WORLD CULTURES THROUGH MUSIC, CULTIVATE TALENTED MUSIC STUDENTS FROM WITHIN THE LOCAL COMMUNITIES OF VARIOUS COUNTRIES, ESTABLISH COLLABORATIONS WITH THE LOCAL EDUCATION AND PERFORMANCE INSTITUTIONS AND EMPLOY FIRST-RATE JAZZ MUSICIANS TO MENTOR STUDENTS AND TO HELP NURTURE INTER-CULTURAL CONVERSATIONS AND EXCHANGES.

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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 $943,502

Program Service Revenue $8,440

Investment Income $0

Other Revenue $0

TOTAL REVENUE $951,942

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,475

Program Expenses $831,456

Other Expenses $907,818

TOTAL EXPENSES $907,818

Year-over-Year Comparison

	2023	2022	Change
Revenue	$951,942	$166,535	+4.7%
Expenses	$907,818	$169,298	+4.4%
Net Income	$44,124	$-2,763	-17.0%

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

N/A

Employees

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROAN CREQUE	DIRECTOR, TREASURER	5.00	Director	$0	$0	$0
JON FADDIS	DIRECTOR	5.00	Director	$0	$0	$0
DR OLAF HENDRICKS	DIRECTOR	5.00	Director	$0	$0	$0
NICOLE KOERTS-PARSON	VICE PRESIDENT - DIRECTOR	25.00	Officer Director	$0	$0	$0
BRANFORD MARSALIS	DIRECTOR	5.00	Director	$0	$0	$0
DION GARY PARSON	PRESIDENT-CREATIVE DIRECTO	25.00	Officer Director	$0	$0	$0
ROBERT HARARI	DIRECTOR,VICE-CHAIRMAN OF	10.00	Director	$0	$0	$0
BRIDGET L COX-DAWSON	FORMER DIRECTOR, SECRETARY	5.00	Director	$0	$0	$0
THOMAS D CRIM	FORMER DIRECTOR	5.00	Director	$0	$0	$0
WYNTON TAYLOR	FORMER DIRECTOR	5.00	Director	$0	$0	$0
TRACIE AMIELE	DIRECTOR	5.00	Director	$0	$0	$0
WILLIAM BANKS	DIRECTOR	5.00	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	$951,942	$907,818	$49,745	$44,124
2022	$166,535	$169,298	$3,985	$-2,763
2021	$122,796	$174,108	$15,216	$-51,312
2020	$155,373	$91,478	$71,350	$63,895
2019	$174,953	$166,131	$9,603	$8,822
2018	$140,560	$127,108	$5,322	$13,452

UNITED JAZZ FOUNDATION C/O NICOLE PARSON