CALIFORNIA JAZZ CONSERVATORY INC (EIN 431983168) - 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

GORDON C BROOKS

Phone

5108455373

Tax Period

2024-01-01 to 2024-12-31

CALIFORNIA JAZZ CONSERVATORY INC, founded in 2002, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $3.5M exceeded revenue, resulting in a 81% operating deficit.

Mission

TO PRESERVE AND PROMOTE ALL ASPECTS OF JAZZ AND RELATED STYLES OF MUSIC.

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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 $808,845

Program Service Revenue $1,060,878

Investment Income $54,547

Other Revenue $11,681

TOTAL REVENUE $1,935,951

Expense Breakdown

Grants Paid $145,674

Salaries & Benefits $1,903,864

Fundraising Expenses $20,361

Program Expenses $2,274,527

Other Expenses $1,450,017

TOTAL EXPENSES $3,499,555

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,935,951	$3,149,170	-0.4%
Expenses	$3,499,555	$3,658,204	0.0%
Net Income	$-1,563,604	$-509,034	+2.1%

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

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

$214,250

Total Directors

$214,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM PHILLIPS	PRESIDENT (START 10/23/23)	40.00	Officer Director	$214,250	$0	$214,250
GORDON BROOKS	CHAIRPERSON	5.00	Officer Director	$0	$0	$0
RICHARD LYONS	VICE CHAIRPERSON	0.30	Officer Director	$0	$0	$0
JOHN MOSS	SECRETARY	0.30	Officer Director	$0	$0	$0
NEIL RUDOLPH	DIRECTOR, TREASURER (START 3/22/23)	1.00	Officer Director	$0	$0	$0
SUSAN BRAND	CHAIR OF THE DEVEL. COMM.	0.30	Officer Director	$0	$0	$0
TYLER JOHNSTON	DIRECTOR	0.30	Director	$0	$0	$0
JERRY FIDDLER	DIRECTOR	0.30	Director	$0	$0	$0
ERLE FLAD	DIRECTOR	0.30	Director	$0	$0	$0
RITA HARGRAVE	DIRECTOR	0.30	Director	$0	$0	$0
JERRY POVSE	DIRECTOR	0.30	Director	$0	$0	$0
JIM REYNOLDS	DIRECTOR	0.30	Director	$0	$0	$0
KEVIN WHITMAN	DIRECTOR	0.30	Director	$0	$0	$0
CLIFFORD BROWN JR	DIRECTOR (THRU 11/16/24)	0.30	Director	$0	$0	$0
GREG PERLOFF	DIRECTOR (THRU OCTOBER 2024)	0.30	Director	$0	$0	$0
JEFFREY DENSON	DEAN	40.00	Highest	$167,555	$0	$167,555
GERALD CLEAVER	FACULTY MEMBER	40.00	Highest	$120,804	$0	$120,804

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	$1,935,951	$3,499,555	$4,970,866	$-1,563,604
2023	$3,149,170	$3,658,204	$5,781,504	$-509,034
2022	$2,310,767	$3,490,453	$6,943,237	$-1,179,686
2021	$2,565,384	$3,250,921	$7,248,479	$-685,537
2020	$2,968,507	$2,707,074	$7,376,473	$261,433
2019	$5,882,415	$3,332,038	$6,516,533	$2,550,377
2018	$3,502,364	$3,138,641	$4,343,240	$363,723

CALIFORNIA JAZZ CONSERVATORY INC