JAZZ ACADEMY OF MUSIC INC (EIN 510431430) - 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

KARMEN CARR

Phone

2403534779

Tax Period

2023-01-01 to 2023-12-31

JAZZ ACADEMY OF MUSIC INC, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $238K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

THE JAZZ ACADEMY OF MUSIC IS A NONPROFIT ORGANIZATION WHOSE MISSION IS TO ADVANCE AND PRESERVE JAZZ 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 (2023)

Revenue Breakdown

Contributions & Grants $12,454

Program Service Revenue $225,136

Investment Income $0

Other Revenue $0

TOTAL REVENUE $237,590

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $235,671

TOTAL EXPENSES $235,671

Year-over-Year Comparison

	2023	2022	Change
Revenue	$237,590	$204,802	+0.2%
Expenses	$235,671	$217,925	+0.1%
Net Income	$1,919	$-13,123	-1.1%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HAROLD P CARR	PRESIDENT	N/A	Officer Director	$0	$0	$0
KARMEN W CARR	VICEPRESIDENT	N/A	Officer Director	$0	$0	$0
GERALD PENNINNGTON	DIRECTOR	N/A	Director	$0	$0	$0
SCHUYLER SCHELL	DIRECTOR	N/A	Director	$0	$0	$0
GLENN PEARSON	DIRECTOR	N/A	Director	$0	$0	$0
CHRIS ALLEN	DIRECTOR	N/A	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	$237,590	$235,671	$60,787	$1,919
2022	$204,802	$176,504	$64,006	$28,298
2021	$110,449	$80,439	$71,373	$30,010
2020	$161,388	$236,843	$77,416	$-75,455
2019	$210,963	$184,537	$24,173	$26,426
2018	$220,021	$202,232	$31,919	$17,789

JAZZ ACADEMY OF MUSIC INC