MICHIGAN JAZZ FESTIVAL (EIN 383351011) - 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

Principal Officer

TOM GAY

Phone

2484742720

Tax Period

2025-01-01 to 2025-12-31

MICHIGAN JAZZ FESTIVAL is a micro nonprofit in the Arts, Culture & Humanities sector that reported $61K in total revenue in fiscal year 2025. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $54K left a modest 12% surplus.

Mission

PROMOTE JAZZ MUSIC THROUGH FREE CONCERTS AND INDIVIDUAL CONCERTS. MONEY IS RAISED THROUGH FUNDRAISERS TO PAY FOR EXPENES RELATING TO THE FESTIVAL.

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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 (2025)

Revenue Breakdown

Contributions & Grants $52,928

Program Service Revenue $0

Investment Income $0

Other Revenue $7,746

TOTAL REVENUE $60,674

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $53,598

Other Expenses $53,598

TOTAL EXPENSES $53,598

Year-over-Year Comparison

	2025	2024	Change
Revenue	$60,674	$78,665	-0.2%
Expenses	$53,598	$62,413	-0.1%
Net Income	$7,076	$16,252	-0.6%

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

N/A

Volunteers

N/A

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
SALLY BOLLE	VP	N/A	Officer	$0	$0	$0
TOM GAY	TREASURER	N/A	Officer	$0	$0	$0
BARTON POLOT	SECRETARY	N/A	Officer	$0	$0	$0
CRAIG STRAIN	PRESIDENT	N/A	Officer	$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	$60,674	$53,598	$65,979	$7,076
2024	$78,665	$62,413	$58,903	$16,252
2023	$57,838	$51,905	$42,651	$5,933
2022	$46,857	$52,817	$36,718	$-5,960
2021	$25,608	$16,062	$42,678	$9,546
2020	$3,202	$492	$33,132	$2,710
2019	$46,504	$47,348	$30,422	$-844
2018	$45,091	$43,695	$31,266	$1,396

MICHIGAN JAZZ FESTIVAL