AMERICAN JAZZ MUSEUM

EIN: 731650922 501(c)(3) Arts, Culture & Humanities

KANSAS CITY, MO

Total Revenue
$2,152,970
Total Expenses
$2,204,918
Total Assets
$1,283,714
Net Assets
$1,160,022
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
MO
Principal Officer
Dan Cranshaw
Phone
8164748463
Tax Period
2023-05-01 to 2024-04-30

AMERICAN JAZZ MUSEUM, founded in 2002, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.2M in total revenue in fiscal year 2023.

Mission

OUR MISSION IS TO CELEBRATE AND EXHIBIT THE EXPERIENCE OF JAZZ AS AN ORIGINAL AMERICAN ART FORM THROUGH FOUR PILLARS OF RESEARCH, EXHIBITION, EDUCATION, AND PERFORMANCE AT ONE OF THE WORLD'S GREATEST JAZZ CROSSROADS - 18TH & VINE IN KANSAS CITY, MO. AS THE ONLY MUSEUM IN THE WORLD SOLELY FOCUSED ON THE PRESERVATION, EXHIBITION, AND ADVANCEMENT OF JAZZ MUSIC, THE AMERICAN JAZZ MUSEUM IS DEDICATED TO PUBLIC SERVICE AND COLLABORATIVE EFFORTS TO EXPAND THE INFLUENCE, AWARENESS, AND APPRECIATION OF JAZZ AMONG THE WIDEST DEMOGRAPHIC OF PEOPLE ACROSS THE KANSAS CITY REGION, AS WELL AS AMONG THOSE BASED IN VARIOUS LOCATIONS WORLDWIDE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,284,206
Program Service Revenue $480,773
Investment Income $66,016
Other Revenue $321,975
TOTAL REVENUE $2,152,970

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,177,608
Fundraising Expenses $0
Program Expenses $1,717,581
Other Expenses $1,027,310
TOTAL EXPENSES $2,204,918

Year-over-Year Comparison

2023 2022 Change
Revenue $2,152,970 $2,192,565 0.0%
Expenses $2,204,918 $2,202,524 +0.0%
Net Income $-51,948 $-9,959 +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

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Governance

Voting Members
9
Independent Members
9
Employees
37
Volunteers
67

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
4
$109,067
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr Dina Bennett Executive Dir. 40.00
Officer
$109,067 $0 $109,067
Rashida Phillips Executive Dir. 40.00
$108,231 $0 $108,231
Stephenie K Smith Treasurer 2.00
Officer Director
$0 $0 $0
Dan Cranshaw Chair 2.00
Officer Director
$0 $0 $0
Jason Parson Director 1.00
Director
$0 $0 $0
Niki Lee Donawa Secretary 2.00
Officer Director
$0 $0 $0
Mark Logan Director 1.00
Director
$0 $0 $0
Ara McGee Director 1.00
Director
$0 $0 $0
Charles Williams Director 1.00
Director
$0 $0 $0
Andrew Ky Haynes Director 1.00
Director
$0 $0 $0
Felicia Safir Director 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
2024 $2,152,970 $2,204,918 $1,283,714 $-51,948
2023 $2,192,565 $2,202,524 $1,292,152 $-9,959
2022 $1,809,014 $2,017,363 $1,292,332 $-208,349
2021 $1,461,524 $1,143,347 $1,499,738 $318,177
2020 $1,627,083 $1,596,560 $1,102,873 $30,523
2019 $1,540,070 $1,281,793 $1,129,465 $258,277
2018 $2,083,315 $2,764,670 $870,616 $-681,355
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