HOT SUMMER JAZZ FESTIVAL (EIN 412010585) - 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

2001

Legal Domicile

Principal Officer

DAYNA MARTINEZ

Phone

6127035147

Tax Period

2023-01-01 to 2023-12-31

HOT SUMMER JAZZ FESTIVAL, founded in 2001, is a small nonprofit in the Arts, Culture & Humanities sector that reported $561K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

TO HOLD A CIVIC JAZZ CONCERT AS WELL AS PROVIDING COMMUNITY FOCUSED OUTREACH PROGRAMS INCLUDING CLINICS AND WORKSHOPS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $461,291

Program Service Revenue $0

Investment Income $0

Other Revenue $100,002

TOTAL REVENUE $561,293

Expense Breakdown

Grants Paid $0

Salaries & Benefits $126,575

Fundraising Expenses $1,190

Program Expenses $509,625

Other Expenses $429,847

TOTAL EXPENSES $556,422

Year-over-Year Comparison

	2023	2022	Change
Revenue	$561,293	$500,346	+0.1%
Expenses	$556,422	$573,477	0.0%
Net Income	$4,871	$-73,131	-1.1%

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

125

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

$101,922

Total Directors

$101,922

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAIA MAIDEN	BOARD MEMBER	3.00	Director	$0	$0	$0
STEVEN R HECKLER	EXECUTIVE DIRECTOR	15.00	Officer Director	$58,000	$3,353	$61,353
DAYNA MARTINEZ	CO EXECUTIVE DIRECTOR	10.00	Officer Director	$38,332	$2,237	$40,569
BARBARA DAVIS	BOARD MEMBER	3.00	Director	$0	$0	$0
PHYLIS OLIN	BOARD MEMBER	3.00	Director	$0	$0	$0
JIM SCHEIBEL	BOARD MEMBER	3.00	Director	$0	$0	$0
ALDEN DREW	CHAIRMAN	3.00	Director	$0	$0	$0
DOUG BROWN	BOARD SECRETARY	3.00	Officer Director	$0	$0	$0
MARVIN MARTIN	BOARD MEMBER	3.00	Director	$0	$0	$0
MICHAEL COOK	TREASURER	3.00	Officer Director	$0	$0	$0
TIO AIKEN	BOARD MEMBER	3.00	Director	$0	$0	$0
TARA GRAF	BOARD MEMBER	3.00	Director	$0	$0	$0
CHRIS NOONAN	BOARD MEMBER	3.00	Director	$0	$0	$0
STEPHEN MANUSZAK	BOARD MEMBER	3.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$561,293	$556,422	$122,070	$4,871
2022	$500,346	$573,477	$117,199	$-73,131
2021	$633,699	$563,701	$190,330	$69,998
2020	$269,468	$233,708	$138,250	$35,760
2019	$461,824	$460,625	$85,097	$1,199
2018	$499,268	$445,709	$83,898	$53,559

HOT SUMMER JAZZ FESTIVAL