NEW ORLEANS JAZZ & HERITAGE FESTIVAL AND FOUNDATION INC (EIN 720692744) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1970

Legal Domicile

Principal Officer

BLAKE-ANTHONY JOHNSON

Phone

5045586100

Tax Period

2023-09-01 to 2024-08-31

NEW ORLEANS JAZZ & HERITAGE FESTIVAL AND FOUNDATION INC is a 501(c)(3) with EIN 720692744, based in NEW ORLEANS, LA. Founded in 1970, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $73,745,595 in total revenue and $69,076,551 in total expenses, with net assets of $50,731,431.

Mission

TO PROMOTE NEW ORLEANS JAZZ AND HERITAGE ARTS, MUSIC AND CULTURE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,411,452

Program Service Revenue $71,607,638

Investment Income $704,273

Other Revenue $22,232

TOTAL REVENUE $73,745,595

Expense Breakdown

Grants Paid $2,528,111

Salaries & Benefits $9,404,026

Fundraising Expenses $344,926

Program Expenses $67,212,458

Other Expenses $57,144,414

TOTAL EXPENSES $69,076,551

Year-over-Year Comparison

	2023	2022	Change
Revenue	$73,745,595	$53,166,410	+0.4%
Expenses	$69,076,551	$52,274,521	+0.3%
Net Income	$4,669,044	$891,889	+4.2%

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

Employees

1064

Volunteers

1045

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

$409,890

Total Directors

$206,880

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRITTANY MAJOR	DIRECTOR	4.00	Director	$9,560	$0	$9,560
JULIE WISE ORECK	DIRECTOR	5.00	Director	$9,545	$0	$9,545
SKIPPER BOND	DIRECTOR	4.00	Director	$9,495	$0	$9,495
COURTNEY KATZENSTEIN	DIRECTOR	3.00	Director	$9,485	$0	$9,485
CANDICE BATES ANDERSON	DIRECTOR	3.00	Director	$9,483	$0	$9,483
KAREN SOLOMON	DIRECTOR	5.00	Director	$9,470	$0	$9,470
CECIL J BLACHE	DIRECTOR	4.00	Director	$9,459	$0	$9,459
SIDNEY CATES	SECOND VICE PRESIDENT	9.00	Officer Director	$9,450	$0	$9,450
DAVID TORKANOWSKY	DIRECTOR	3.00	Director	$9,450	$0	$9,450
RACHEL F COUSIN	FIRST VICE PRESIDENT	7.00	Officer Director	$9,447	$0	$9,447
JR PEGUES	SECRETARY/TREASURER	7.00	Officer Director	$9,435	$0	$9,435
CARYN RODGERS-BATTISTE	DIRECTOR	3.00	Director	$9,425	$0	$9,425
VIRGINIA MILLER	DIRECTOR	3.00	Director	$9,390	$0	$9,390
ELLEN M LEE	DIRECTOR	7.00	Director	$9,384	$0	$9,384
DAVID A KERSTEIN	DIRECTOR	4.00	Director	$9,360	$0	$9,360
DEBORAH HARKINS	DIRECTOR	6.00	Director	$9,340	$0	$9,340
RONALD P MCCLAIN	DIRECTOR	5.00	Director	$9,330	$0	$9,330
HOWARD RODGERS III	DIRECTOR	4.00	Director	$7,911	$0	$7,911
JAY BANKS	DIRECTOR	4.00	Director	$7,094	$0	$7,094
GERALD BILLES	DIRECTOR	3.00	Director	$6,840	$0	$6,840
KATY ROUBION	DIRECTOR	3.00	Director	$6,815	$0	$6,815
RICHARD CORTIZAS	DIRECTOR	3.00	Director	$6,045	$0	$6,045
TARA HERNANDEZ	PRESIDENT	7.00	Officer Director	$5,200	$0	$5,200
MONIQUE MORIAL	DIRECTOR	3.00	Director	$3,617	$0	$3,617
LEONARD SMITH III	DIRECTOR	3.00	Director	$2,850	$0	$2,850
DONALD K MARSHALL	EXECUTIVE DIRECTOR	40.00	Officer	$185,870	$14,490	$200,360
SARITA M CARRIERE	DIRECTOR OF FINANCE & HR	40.00	Officer	$162,117	$13,881	$175,998
JARROD REMETICH	ACCOUNTANT	40.00	Highest	$109,593	$14,904	$124,497
JONATHAN SOLARI	DIRECTOR OF DEVELOPMENT	40.00	Highest	$117,417	$5,956	$123,373
RACHEL LYONS	ARCHIVIST	40.00	Highest	$101,962	$11,877	$113,839
LAKIA ROBINSON	DIRECTOR OF MARKETING, PROGRAMS & COMMUNICATIONS	40.00	Highest	$104,418	$8,825	$113,243
SHANNA HUDSON-STOWE	DEVELOPMENT ASSOCIATE	40.00	Highest	$100,610	$12,040	$112,650

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	$73,745,595	$69,076,551	$54,826,243	$4,669,044
2023	$53,166,410	$52,274,521	$45,032,172	$891,889
2022	$55,896,023	$51,055,065	$42,354,603	$4,840,958
2021	$11,473,899	$9,985,073	$55,852,647	$1,488,826
2020	$5,791,167	$11,370,378	$41,445,795	$-5,579,211
2019	$50,535,109	$45,507,259	$40,910,949	$5,027,850
2018	$38,469,260	$38,721,957	$37,333,983	$-252,697

NEW ORLEANS JAZZ & HERITAGE FESTIVAL AND FOUNDATION INC