CHICAGO JAZZ ORCHESTRA ASSOCIATION (EIN 363380327) - 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

1986

Legal Domicile

Principal Officer

WILLIAM FLOWERS

Phone

8474214008

Tax Period

2024-07-01 to 2025-06-30

CHICAGO JAZZ ORCHESTRA ASSOCIATION, founded in 1986, is a small nonprofit that reported $194K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $269K exceeded revenue, resulting in a 39% operating deficit.

Mission

THE CHICAGO JAZZ ORCHESTRA CELEBRATES AND PERPETUATES JAZZ ORCHESTRA MUSIC, AN ORIGINAL AMERICAN ART FORM, FOR ALL AUDIENCES THroughout UNIQUE PERFORMANCE, COLLABORATION AND EDUCATION.

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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 $131,669

Program Service Revenue $61,306

Investment Income $0

Other Revenue $743

TOTAL REVENUE $193,718

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,920

Fundraising Expenses $6,062

Program Expenses $219,334

Other Expenses $243,428

TOTAL EXPENSES $268,836

Year-over-Year Comparison

	2024	2023	Change
Revenue	$193,718	$255,836	-0.2%
Expenses	$268,836	$226,509	+0.2%
Net Income	$-75,118	$29,327	-3.6%

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
MICHELLE LEWIS	Secretary	5.00	Officer Director	$0	$0	$0
WILLIAM FLOWERS	Chairman	5.00	Officer Director	$0	$0	$0
PATSY CAMPBELL	Treasurer	3.00	Officer Director	$0	$0	$0
JERRY DIMUZIO	VICE CHARIMAN	2.00	Officer Director	$0	$0	$0
RYAN ADAMSONS	Trustee	1.00	Director	$0	$0	$0
GREGORY CALLOWAY	Trustee	1.00	Director	$0	$0	$0
JOSEPH GLOSSBERG	Trustee	1.00	Director	$0	$0	$0
ROSS KOOPERMAN	Trustee	1.00	Director	$0	$0	$0
RAY RUSNAK	Trustee	1.00	Director	$0	$0	$0
ARTHUR WHEATLEY	Trustee	1.00	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	$193,718	$268,836	$147,136	$-75,118
2024	$255,836	$226,509	$220,765	$29,327
2023	$260,368	$201,738	$188,049	$58,630
2022	$309,823	$251,115	$129,846	$58,708
2021	$209,411	$197,304	$70,192	$12,107
2020	$211,785	$170,339	$55,912	$41,446
2019	$294,479	$339,165	$17,169	$-44,686

CHICAGO JAZZ ORCHESTRA ASSOCIATION