CLEARWATER JAZZ HOLIDAY FOUNDATION INC (EIN 581910442) - 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

1989

Legal Domicile

Principal Officer

VICTOR LUCAS

Phone

7274615200

Tax Period

2024-01-01 to 2024-12-31

CLEARWATER JAZZ HOLIDAY FOUNDATION INC, founded in 1989, is a small nonprofit in the Arts, Culture & Humanities sector that reported $592K in total revenue in fiscal year 2024. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $729K exceeded revenue, resulting in a 23% operating deficit.

Mission

THE ORGANIZATION CELEBRATES AND PROMOTES THE ART FORM OF JAZZ THROUGH YEAR-ROUND,INNOVATIVE MUSIC APPRECIATION AND INSTRUCTIONAL PROGRAMS, ONLINE EDUCATIONAL RESOURCES, SPECIAL FUNDING AND CREATIVE LEARNING EXPERIENCES SUPPORTED BY THE LONGSTANDING, ANNUAL FESTIVAL TRADITION, OTHER EVENTS, AND PARTNERS.

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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 $529,566

Program Service Revenue $25,970

Investment Income $17,922

Other Revenue $18,857

TOTAL REVENUE $592,315

Expense Breakdown

Grants Paid $18,106

Salaries & Benefits $272,057

Fundraising Expenses $109,416

Program Expenses $489,719

Other Expenses $439,222

TOTAL EXPENSES $729,385

Year-over-Year Comparison

	2024	2023	Change
Revenue	$592,315	$1,894,720	-0.7%
Expenses	$729,385	$1,934,567	-0.6%
Net Income	$-137,070	$-39,847	+2.4%

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

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

$183,071

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICTOR LUCAS	PRESIDENT	5.00	Officer Director	$0	$0	$0
JOHN KURNIK	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
LINDA LARKINS	TREASURER	5.00	Officer Director	$0	$0	$0
DONNA YARBROUGH	SECRETARY	3.00	Officer Director	$0	$0	$0
COLLIN HEIMENSEN	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS MCADOO	DIRECTOR	1.00	Director	$0	$0	$0
LEE MAIDENBERG	DIRECTOR	1.00	Director	$0	$0	$0
JENI MITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
BOB CHILDRESS	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTIE SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID RUPPEL	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTEN GONZALEZ	DIRECTOR	1.00	Director	$0	$0	$0
TOM NURSE	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA HONEYCUTT	DIRECTOR	1.00	Director	$0	$0	$0
JOANIE SIGAL	DIRECTOR	1.00	Director	$0	$0	$0
DOUG WHITTINGTON	DIRECTOR	1.00	Director	$0	$0	$0
MARK PERRY	DIRECTOR	1.00	Director	$0	$0	$0
RALPH REID	DIRECTOR	1.00	Director	$0	$0	$0
ALLON SAMS	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN FOLSOM	DIRECTOR	1.00	Director	$0	$0	$0
NILS SEDWICK	DIRECTOR	1.00	Director	$0	$0	$0
STEVE WEINBERGER	CEO	60.00	Officer	$177,071	$6,000	$183,071

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	$592,315	$729,385	$766,606	$-137,070
2023	$1,894,720	$1,934,567	$775,880	$-39,847
2022	$1,293,570	$1,579,392	$903,540	$-285,822
2021	$1,598,944	$1,361,320	$1,252,742	$237,624
2020	$577,702	$563,023	$887,954	$14,679
2019	$1,504,312	$1,527,600	$852,112	$-23,288
2018	$1,456,874	$1,417,953	$830,626	$38,921

CLEARWATER JAZZ HOLIDAY FOUNDATION INC