JAZZ ARTS GROUP (EIN 310852944) - 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

1974

Legal Domicile

Principal Officer

KATY COY

Phone

6142945200

Tax Period

2023-07-01 to 2024-06-30

JAZZ ARTS GROUP, founded in 1974, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.0M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $2.4M exceeded revenue, resulting in a 19% operating deficit.

Mission

TO PROMOTE THE AWARENESS OF JAZZ MUSIC THROUGH ITS OWN PROFESSIONAL JAZZ REPERTORY ORCHESTRA.

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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 $1,267,133

Program Service Revenue $737,943

Investment Income $2,201

Other Revenue $3,430

TOTAL REVENUE $2,010,707

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,079,388

Fundraising Expenses $285,117

Program Expenses $1,527,104

Other Expenses $1,314,527

TOTAL EXPENSES $2,393,915

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,010,707	$2,394,642	-0.2%
Expenses	$2,393,915	$2,224,257	+0.1%
Net Income	$-383,208	$170,385	-3.2%

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

$135,900

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATY COY	CHIEF EXEC.	40.00	Officer	$37,500	$0	$37,500
PRESS SOUTHWORTH	CHIEF EXEC.	40.00	Officer	$98,400	$0	$98,400
MICHAEL PEDDICORD	PRESIDENT	2.00	Officer Director	$0	$0	$0
GIL GRADISAR	PAST PRESIDE	2.00	Officer Director	$0	$0	$0
STEVE DRIVER	TREASURER	2.00	Officer Director	$0	$0	$0
TOM HUESMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
NATALIE ADAMS	BOARD MEMBER	2.00	Director	$0	$0	$0
JOCELYN ARMSTRONG	BOARD MEMBER	2.00	Director	$0	$0	$0
ALESSANDRO CIAFFONCINI	BOARD MEMBER	2.00	Director	$0	$0	$0
DALENA CUPP	BOARD MEMBER	2.00	Director	$0	$0	$0
KEVIN FLANIGAN	BOARD MEMBER	2.00	Director	$0	$0	$0
MARK HATCHER	BOARD MEMBER	2.00	Director	$0	$0	$0
DENNIS KOVACH	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERT E LEE III	BOARD MEMBER	2.00	Director	$0	$0	$0
THERESE MCCANN	BOARD MEMBER	2.00	Director	$0	$0	$0
SANDY MEIZLISH	BOARD MEMBER	2.00	Director	$0	$0	$0
PETE MILLS	BOARD MEMBER	2.00	Director	$0	$0	$0
DOUG PITTSENBARGER	BOARD MEMBER	2.00	Director	$0	$0	$0
KYLE WELCH	BOARD MEMBER	2.00	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
2025	No data	No data	No data	No data
2024	$2,010,707	$2,393,915	$1,024,707	$-383,208
2023	$2,394,642	$2,224,257	$1,282,156	$170,385
2022	$2,449,283	$1,743,745	$1,074,581	$705,538
2021	$1,143,915	$1,149,277	$586,684	$-5,362
2020	$1,570,452	$1,642,098	$490,341	$-71,646
2019	$1,921,257	$1,816,590	$692,345	$104,667
2018	$1,750,084	$1,740,014	$542,038	$10,070

JAZZ ARTS GROUP