JAZZ HOUSE KIDS INC (EIN 562303577) - 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

Phone

9737442273

Tax Period

2024-07-01 to 2025-06-30

JAZZ HOUSE KIDS INC, founded in 2002, is a community nonprofit in the Arts, Culture & Humanities sector that reported $7.9M in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 18% operating margin.

Mission

JAZZ HOUSE KiDS transforms lives using the power and legacy of jazz through world-class education and performances that create avenues of access, learning, career development and community building.

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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 $4,797,607

Program Service Revenue $2,918,317

Investment Income $13,040

Other Revenue $189,868

TOTAL REVENUE $7,918,832

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,454,379

Fundraising Expenses $462,441

Program Expenses $5,312,401

Other Expenses $4,009,496

TOTAL EXPENSES $6,463,875

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,918,832	$5,574,345	+0.4%
Expenses	$6,463,875	$5,556,216	+0.2%
Net Income	$1,454,957	$18,129	+79.3%

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

171

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

$173,694

Total Directors

$173,694

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA WALKER	President	50.00	Officer Director	$173,694	$0	$173,694
DARREN AVERETT	VP OF FINANCE	40.00		$118,345	$0	$118,345
THOMAS CHUBB	VICE PRESIDENT	40.00		$102,019	$0	$102,019
MARTIN MELILLI	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN GIFFORD	VICE CHAIR	2.00	Officer Director	$0	$0	$0
CHRISTIAN MCBRIDE	ARTISTIC CHAIR	2.00	Officer Director	$0	$0	$0
JANET SHAPIRO	BOARD MEMBER	3.00	Director	$0	$0	$0
MARY ROSENBERG	BOARD MEMBER	1.00	Director	$0	$0	$0
TERRY WOODARD	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
SANDRA SMITH	Secretary	2.00	Director	$0	$0	$0
JANELLE ANDERSON	VICE CHAIR	2.00	Officer Director	$0	$0	$0
NEAL LAZAR	BOARD MEMBER	1.00	Director	$0	$0	$0
RHONDA ROBINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY TAYLOR	Treasurer	1.00	Director	$0	$0	$0
Michael Jordan	BOARD MEMBER	1.00	Director	$0	$0	$0
TAKASHI MATSUKI	BORAD MEMBER	1.00	Director	$0	$0	$0
NICOLE PUCCI	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVEN SHADMAN	BOARD MEMBER	1.00	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
2025	$7,918,832	$6,463,875	$2,955,474	$1,454,957
2024	$5,574,345	$5,556,216	$1,047,289	$18,129
2023	$4,657,625	$4,517,459	$1,481,902	$140,166
2022	$3,055,002	$2,632,098	$1,334,146	$422,904
2021	$1,633,134	$1,607,580	$624,514	$25,554
2020	$1,913,632	$2,089,512	$583,267	$-175,880
2019	$2,414,973	$2,382,306	$438,079	$32,667

JAZZ HOUSE KIDS INC