INDIANAPOLIS JAZZ FOUNDATION INC (EIN 351991319) - 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

1994

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

INDIANAPOLIS JAZZ FOUNDATION INC, founded in 1994, is a small nonprofit in the Arts, Culture & Humanities sector that reported $944K in total revenue in fiscal year 2024.

Mission

PROMOTES JAZZ APPRECIATION AND EDUCATION. INDIANAPOLIS JAZZ FOUNDATIONS MISSION IS TO PRESERVE THE LEGACY AND PROMOTE THE FUTURE OF JAZZ IN INDIANAPOLIS THROUGH EDUCATION AND PERFORMACE.

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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 $600,708

Program Service Revenue $334,018

Investment Income $9,032

Other Revenue $0

TOTAL REVENUE $943,758

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $68,467

Program Expenses $920,918

Other Expenses $1,023,246

TOTAL EXPENSES $1,023,246

Year-over-Year Comparison

	2024	2023	Change
Revenue	$943,758	$874,715	+0.1%
Expenses	$1,023,246	$819,428	+0.2%
Net Income	$-79,488	$55,287	-2.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CYNTHA BATES	DIRECTOR	1.00	Director	$0	$0	$0
PAUL CLAYTON JR	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN DEVOE	DIRECTOR	1.00	Director	$0	$0	$0
JOSEFINA DEWAN	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT GILCHRIST	DIRECTOR	1.00	Director	$0	$0	$0
PAUL HELFT MD	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HERZOG	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL HUBER	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS HUTSON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID INGRAM MD	DIRECTOR	1.00	Director	$0	$0	$0
ROSEMARY JAMES	DIRECTOR	1.00	Director	$0	$0	$0
CLARK JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
ANGEL MADISON LCSW	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE NAGY	DIRECTOR	1.00	Director	$0	$0	$0
HOPE OAKS	DIRECTOR	1.00	Director	$0	$0	$0
WINFIELD ONG	DIRECTOR	1.00	Director	$0	$0	$0
PAVEL POLANCO-SAFADIT	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SCOFIELD	DIRECTOR	1.00	Director	$0	$0	$0
MARK SHELDON	DIRECTOR	1.00	Director	$0	$0	$0
ADRIENNE SIMS	DIRECTOR	1.00	Director	$0	$0	$0
MARC SCISCOE	PRESIDENT	4.00	Officer	$0	$0	$0
DAVID WESTENBERGER	VICE PRESIDENT	2.00	Officer	$0	$0	$0
BRIAN WEIR-HARDEN	SECRETARY	2.00	Officer	$0	$0	$0
JASON HOUDEK	TREASURER	2.00	Officer	$0	$0	$0
STAN HILLIS	FORMER DIRECTOR	1.00		$0	$0	$0
CHRIS SCANLON	FORMER DIRECTOR	1.00		$0	$0	$0
JUDITH THOMAS	FORMER DIRECTOR	1.00		$0	$0	$0
MINJU CHOI WITTE DMA	FORMER DIRECTOR	1.00		$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	$943,758	$1,023,246	$208,138	$-79,488
2023	$874,715	$819,428	$390,472	$55,287
2022	$810,404	$808,036	$314,487	$2,368
2021	$655,267	$641,810	$289,858	$13,457
2020	$430,078	$402,698	$350,028	$27,380
2019	$547,454	$463,322	$302,436	$84,132
2018	$468,044	$443,142	$343,005	$24,902

INDIANAPOLIS JAZZ FOUNDATION INC