Lee Jazz Omega Inc Memphis Jazz Workshop (EIN 475484321) - 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

2016

Legal Domicile

Principal Officer

Stephen Lee

Phone

6464361882

Tax Period

2024-01-01 to 2024-12-31

Lee Jazz Omega Inc Memphis Jazz Workshop, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $350K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $418K exceeded revenue, resulting in a 20% operating deficit.

Mission

To pair school-aged students with professional artists to study learn and play 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 $349,620

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $349,620

Expense Breakdown

Grants Paid $0

Salaries & Benefits $109,920

Fundraising Expenses $0

Program Expenses $174,529

Other Expenses $308,265

TOTAL EXPENSES $418,185

Year-over-Year Comparison

	2024	2023	Change
Revenue	$349,620	$504,079	-0.3%
Expenses	$418,185	$76,327	+4.5%
Net Income	$-68,565	$427,752	-1.2%

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

N/A

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

$64,800

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stephen Lee	Exec Director	40	Key Emp Highest	$64,800	$0	$64,800
Kenechia Carod	Chair	1	Officer	$0	$0	$0
Laurita Jackso	Vice Chair	1	Officer	$0	$0	$0
Eric Clauson	Treasurer	1	Officer	$0	$0	$0
Martin Carodin	Director	1	Director	$0	$0	$0
Howard Roberts	Director	1	Director	$0	$0	$0
Keith Perry	Director	1	Director	$0	$0	$0
William Townse	Director	1	Director	$0	$0	$0
Barbara Christ	Director	1	Director	$0	$0	$0
Caron Byrd JD	Director	1	Director	$0	$0	$0
Warren Wiley	Director	1	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	$349,620	$418,185	$234,939	$-68,565
2023	$504,079	$276,633	$312,415	$227,446
2022	$220,000	$200,000	$16,356	$20,000
2021	$236,365	$241,205	$64,771	$-4,840

Lee Jazz Omega Inc Memphis Jazz Workshop