DETROIT JAZZ FESTIVAL PRODUCTIONS INC (EIN 421694327) - 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

2006

Legal Domicile

Principal Officer

CHRISTOPHER B COLLINS

Phone

3134696564

Tax Period

2023-11-01 to 2024-10-31

DETROIT JAZZ FESTIVAL PRODUCTIONS INC, founded in 2006, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.4M in total revenue in fiscal year 2023.

Mission

TO PROVIDE THE OPERATIONAL FUNCTIONS AND SERVICES REQUIRED TO CONSTRUCT AND SUPPORT A WORLD-CLASS SIGNATURE EVENT THAT MAKES DETROIT A TOURIST DESTINATION

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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 $4,350,000

Program Service Revenue $17,653

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,367,653

Expense Breakdown

Grants Paid $0

Salaries & Benefits $785,788

Fundraising Expenses $102,535

Program Expenses $4,287,283

Other Expenses $3,807,772

TOTAL EXPENSES $4,695,560

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,367,653	$4,464,747	0.0%
Expenses	$4,695,560	$4,483,219	+0.0%
Net Income	$-327,907	$-18,472	+16.8%

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

120

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

$120,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK VALADE	CHAIR AND SECRETARY	4.00	Officer Director	$0	$0	$0
NEVRA KREGER	TREASURER	4.00	Officer Director	$0	$0	$0
WILLIE MCALLISTER	DIRECTOR	0.50	Director	$0	$0	$0
DR M ROY WILSON	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTOPHER COLLINS	PRESIDENT AND ARTISTIC DIRECTOR	5.00	Officer	$120,000	$0	$120,000

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	$4,367,653	$4,695,560	$132,123	$-327,907
2023	$4,464,747	$4,483,219	$427,047	$-18,472
2022	$4,220,000	$4,267,203	$295,497	$-47,203
2021	$2,953,500	$3,174,848	$289,388	$-221,348
2020	$3,169,342	$2,762,073	$472,523	$407,269
2018	$4,872,063	$4,527,712	$71,169	$344,351

DETROIT JAZZ FESTIVAL PRODUCTIONS INC