GARFIELD JAZZ FOUNDATION (EIN 431978389) - 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

2002

Legal Domicile

Principal Officer

AMY WILKERSON

Phone

2066820610

Tax Period

2024-08-01 to 2025-07-31

GARFIELD JAZZ FOUNDATION, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $262K in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $64K, a strong 25% operating margin.

Mission

THE GARFIELD JAZZ FOUNDATION IS COMMITTED TO MAINTAING THE VIBRANT, UNIQUE AMERICAN ART FORM THAT IS JAZZ.

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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 $255,374

Program Service Revenue $0

Investment Income $6,670

Other Revenue $0

TOTAL REVENUE $262,044

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,245

Fundraising Expenses $590

Program Expenses $191,926

Other Expenses $178,337

TOTAL EXPENSES $197,582

Year-over-Year Comparison

	2024	2023	Change
Revenue	$262,044	$188,543	+0.4%
Expenses	$197,582	$190,700	+0.0%
Net Income	$64,462	$-2,157	-30.9%

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
AMY WILKERSON	PRESIDENT	12.00	Officer	$0	$0	$0
MARK WILKERSON	CO-PRESIDENT	12.00	Officer	$0	$0	$0
ALISON HOLCOMB	VICE PRESIDE	3.00	Officer	$0	$0	$0
DIANA SKUKIS	CO-TREASURER	3.00	Officer	$0	$0	$0
CARL HEATH	CO-TREASURER	3.00	Officer	$0	$0	$0
KATHARINE FEEHAN	TREASURER -	3.00	Officer	$0	$0	$0
JACK HUNTER	SECRETARY	3.00	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
2025	$262,044	$197,582	$242,072	$64,462
2024	$188,543	$190,700	$172,286	$-2,157
2020	$70,565	$103,923	$172,564	$-33,358
2019	$158,805	$171,913	$208,151	$-13,108
2018	$289,106	$313,270	$221,516	$-24,164

GARFIELD JAZZ FOUNDATION