Jazz Corner Society Inc (EIN 391909647) - 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

1997

Legal Domicile

Principal Officer

Noah Harmon

Phone

9202522584

Tax Period

2024-01-01 to 2024-12-31

Jazz Corner Society Inc, founded in 1997, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $25K in total revenue in fiscal year 2024. The organization ran a surplus of $19K, a strong 75% operating margin.

Mission

The ongoing mission of the Jazz Corner Society Inc. is to promote and preserve jazz as a unique and original, American musical art form. The Society focuses its activities on seven counties that compromise the Fox Valley region of Northeastern Wisconsin. All educational and marketing efforts are directed primarily to the populations and schools in this region.

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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 $62,863

Program Service Revenue $0

Investment Income $170

Other Revenue $-38,090

TOTAL REVENUE $24,943

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,636

Other Expenses $6,337

TOTAL EXPENSES $6,337

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,943	$25,549	0.0%
Expenses	$6,337	$14,031	-0.5%
Net Income	$18,606	$11,518	+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

N/A

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
Zach Harmon	Co-Director	5.00	Director	$0	$0	$0
Noah Harmon	Co-Director	5.00	Director	$0	$0	$0
Jeff Galloway	Member At Large	2.00	Director	$0	$0	$0
Jason Reisdorf	Education Coordinator	2.00	Director	$0	$0	$0
Eric Koppa	Grant Writer	2.00	Director	$0	$0	$0
Donald Elston	Marketing	2.00	Director	$0	$0	$0
Brad Curran	Stage Manager	2.00	Director	$0	$0	$0
Josh Harmon	Member At Large	2.00	Director	$0	$0	$0
Mike Hogan	Member At Large	2.00	Director	$0	$0	$0
John Harmon	President	2.00	Officer	$0	$0	$0
Gloria Wendt	Treasurer/Secretary	2.00	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
2024	$24,943	$6,337	$60,429	$18,606
2023	$25,549	$14,031	$41,823	$11,518
2022	$6,983	$11,849	$30,305	$-4,866
2021	$-3,490	$21,428	$35,171	$-24,918
2020	$40,261	$3,432	$60,089	$36,829

Jazz Corner Society Inc