FLORIDA SMOOTH JAZZ FOUNDATION INC (EIN 562517811) - 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

2009

Legal Domicile

Principal Officer

CATHRYN POWERS

Phone

8133237947

Tax Period

2023-01-01 to 2023-12-31

FLORIDA SMOOTH JAZZ FOUNDATION INC, founded in 2009, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.0M in total revenue in fiscal year 2023. Revenue surged 84% from the prior year, signaling strong growth momentum. The organization ran a surplus of $857K, a strong 29% operating margin.

Mission

THE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATION PURPOSES BY PROMOTING AND PRODUCING MUSIC EVENTS FOR THE GREATER GOOD OF THE COMMUNITY.

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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 $0

Program Service Revenue $2,912,358

Investment Income $65,042

Other Revenue $0

TOTAL REVENUE $2,977,400

Expense Breakdown

Grants Paid $34,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,102,782

Other Expenses $2,085,619

TOTAL EXPENSES $2,120,119

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,977,400	$1,617,478	+0.8%
Expenses	$2,120,119	$1,332,121	+0.6%
Net Income	$857,281	$285,357	+2.0%

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

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
CATHRYN POWERS	PRESIDENT	40.00	Officer	$0	$0	$0
MARK POWERS	SECRETARY	5.00	Officer	$0	$0	$0
ERIC SOSINSKI	DIRECTOR	5.00	Officer	$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	$2,977,400	$2,120,119	$1,667,838	$857,281
2022	$1,617,478	$1,332,121	$823,128	$285,357
2021	$806,903	$755,347	$674,500	$51,556
2020	$361,455	$96,076	$440,060	$265,379
2019	$1,136,723	$1,011,979	$175,531	$124,744
2019	$1,136,723	$1,011,979	$175,531	$124,744
2018	$397,091	$472,136	$473,326	$-75,045

FLORIDA SMOOTH JAZZ FOUNDATION INC