THE JAZZ LOFT INC

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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

2014

Legal Domicile

Principal Officer

THOMAS MANUEL

Phone

6317511895

Tax Period

2023-01-01 to 2023-12-31

THE JAZZ LOFT INC, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $739K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $152K, a strong 21% operating margin.

Mission

THE MISSION OF THE JAZZ LOFT IS TO ENTERTAIN, ENRICH AND EXPAND A GLOBLAL COMMUNITY FOR JAZZ THROUGH PERFORMANCE, EDUCATION AND ADVOCACY IN THE SPRIT OF SWING. THE JAZZ LOFT IS DEDICATED TO A SOLID YET EVOLVING VISION AND TOWARD EMBRACING CHARACTERISTICS AND PRACTICES WHICH SECURE ITS SUSTAINABILITY FOR THE FUTURE. THE JAZZ LOFT UNITES THIS DYNAMIC, AMERICAN-BORN MUSIC WITH FUTURE GENERATIONS THROUGH PERFORMANCE, EDUCATION, PRESERVATION AND ADVOCACY.

Program Service Accomplishments

Program 1

Expenses: $534,145 Revenue: $206,274

THE JAZZ LOFT'S MISSION IS ONE OF JAZZ PRESERVATION, EDUCATION, AND PERFORMANCE, AND HAS QUICKLY BECOME THE PREMIER DESTINATION FOR ALL THINGS JAZZ. PRESENTING A FULL PERFORMANCE CALENDAR OF LOCAL...

THE JAZZ LOFT'S MISSION IS ONE OF JAZZ PRESERVATION, EDUCATION, AND PERFORMANCE, AND HAS QUICKLY BECOME THE PREMIER DESTINATION FOR ALL THINGS JAZZ. PRESENTING A FULL PERFORMANCE CALENDAR OF LOCAL, NATIONAL AND INTERNATIONAL ARTISTS IN OUR PERIOD 1940S SECOND FLOOR PERFORMANCE SPACE THE LOFT ALSO HAS AN EXTENSIVE EDUCATIONAL PROGRAM. OUR PRE-COLLEGE JAZZ INSTITUTE IN COLLABORATION WITH STONY BROOK UNIVERSITY OFFERS TRAINING IN JAZZ THEORY, PERFORMANCE AND MASTERCLASS SETTINGS TO OUTSTANDING HIGH SCHOOL MUSICIANS. OUR YOUNG AT HEART PROGRAM OFFERS MUSIC THERAPY PRESENTATIONS FOR THOSE WITH MEMORY LOSS AND THEIR CAREGIVERS. A MONTHLY LECTURE SERIES AND SCHEDULED FAMILY CONCERTS ROUND OUT OUR COMMUNITY OUTREACH ENDEAVORS WHICH ARE DUE IN PART TO AN OUTSTANDING TEAM OF SPONSORS AND COMMUNITY LEADERS. THE JAZZ LOFTS FINAL MISSION POINT IS THAT OF PRESERVATION WHICH IS ALIVE AND WELL AND ON VIEW 24/7 IN OUR 6,000 SQUARE FEET OF ORIGINAL JAZZ MEMORABILIA SPANNING 100 YEARS OF THE AMERICAN BORN ART FORM CELEBRATING NOT ONLY THE MUSIC, BUT ART AND PHOTOGRAPHY AS WELL THROUGHOUT OUR MANY GALLERIES.

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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 $364,630

Program Service Revenue $341,020

Investment Income $5,553

Other Revenue $28,099

TOTAL REVENUE $739,302

Expense Breakdown

Grants Paid $8,716

Salaries & Benefits $119,927

Fundraising Expenses $18,365

Program Expenses $534,145

Other Expenses $458,644

TOTAL EXPENSES $587,287

Year-over-Year Comparison

	2023	2022	Change
Revenue	$739,302	$586,477	+0.3%
Expenses	$587,287	$493,856	+0.2%
Net Income	$152,015	$92,621	+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

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

$103,357

Total Directors

$109,057

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS MANUEL	President	50.00	Officer Director	$100,232	$0	$100,232
LAURA LANDOR	Trustee	9.00	Director	$4,250	$0	$4,250
RAY ANDERSON	Vice President	3.00	Officer Director	$3,125	$0	$3,125
DARREL SMITH	Trustee	9.00	Director	$1,450	$0	$1,450
KATHERINE BUTKEVICH	Treasurer	3.00	Officer Director	$0	$0	$0
ROBERT TAYLOR	Trustee	5.00	Director	$0	$0	$0
LAURA VOGELSBERG	Trustee	9.00	Director	$0	$0	$0
JEAN PRYSOCK	Trustee	3.00	Director	$0	$0	$0
MICHAEL ARDELINO	Trustee	3.00	Director	$0	$0	$0
STEWART MANDELL	Trustee	3.00	Director	$0	$0	$0
CHRIS PARADYSZ	Trustee	3.00	Director	$0	$0	$0
OLIVER NELSON JR	Trustee	3.00	Director	$0	$0	$0
CYNTHIA WONG-LIPPE	Trustee	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
2024	No data	No data	No data	No data
2023	$739,302	$587,287	$685,569	$152,015
2022	$586,477	$493,856	$530,496	$92,621
2021	$476,922	$279,440	$452,103	$197,482
2020	$287,273	$178,086	$257,967	$109,187
2019	$386,733	$360,554	$135,531	$26,179
2018	$289,580	$264,157	$109,721	$25,423