MICHIGAN JAZZ FESTIVAL

EIN: 383351011 501(c)(3) Arts, Culture & Humanities

LIVONIA, MI

Total Revenue
$60,674
Total Expenses
$53,598
Total Assets
$65,979
Net Assets
$65,979
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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.

Program Service Accomplishments

Program 1

RAISING AWARENESS OF JAZZ MUSIC AND RECOGNIZING LOCAL MUSICIANS TALENT.

Program 2

RAISING AWARENESS OF JAZZ MUSIC AND RECOGNIZING LOCAL MUSICIANS TALENT.

Program 3

RAISING AWARENESS OF JAZZ MUSIC AND RECOGNIZING LOCAL MUSICIANS TALENT.

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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%)

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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

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Governance

Voting Members
13
Independent Members
13
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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