AMERICAN JAZZ MUSEUM

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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

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.

Program Service Accomplishments

Program 1

Expenses: $1,197,940 Revenue: $808,297

MUSEUM - THE AMERICAN JAZZ MUSEUM SERVES AS A REPOSITORY FOR PRICELESS, RARE, AND ONE-OF-A-KIND ARTIFACTS, DOCUMENTS AND PHOTOGRAPHS, FILM AND SOUND RECORDINGS, PUBLISHED BOOKS, SHEET MUSIC, AND...

MUSEUM - THE AMERICAN JAZZ MUSEUM SERVES AS A REPOSITORY FOR PRICELESS, RARE, AND ONE-OF-A-KIND ARTIFACTS, DOCUMENTS AND PHOTOGRAPHS, FILM AND SOUND RECORDINGS, PUBLISHED BOOKS, SHEET MUSIC, AND VISUAL ART PIECES THAT INFORM OUR UNDERSTANDING OF JAZZ AS A HISTORICAL AND LIVING ART FORM. COMBINED WITH A MERCHANDISE SHOP AND SPECIAL EVENT OPPORTUNITIES, THE AMERICAN JAZZ MUSEUM IS NOT TO BE MISSED.

Program 2

Expenses: $308,093 Revenue: $165,342

COMMUNITY OUTREACH - JAZZ IS A CATALYST FOR CULTURAL CHANGE. FROM LEADING THE CREATION OF THE HARMONY ON THE VINE MURAL PROJECT TO HOSTING FILM SCREENINGS THAT CREATE A SPACE FOR DIALOGUE ABOUT THE ISSUES THAT AFFECT US MOST, THE AMERICAN JAZZ MUSEUM EMBRACES A UNIQUE ROLL IN THE TRADITION FIRST SHEPHERDED BY THE FIRST JAZZ MUSICIANS. EVENTS INCLUDE JAZZ STORYTELLING, MUSEUM TOURS, OUTREACH VISITS, ANDFIRST FRIDAY CELEBRATIONS.

Program 3

Expenses: $112,075 Revenue: $217,619

BLUE ROOM - NAMED AFTER THE FAMED 1930'S STREET HOTEL CLUB IN THE HISTORIC 18TH & VINE JAZZ DISTRICT, THE BLUE ROOM SIMULTANEOUSLY HONORS THE PAST AND SHOWCASES THE PRESENT NAMES IN JAZZ. A...

BLUE ROOM - NAMED AFTER THE FAMED 1930'S STREET HOTEL CLUB IN THE HISTORIC 18TH & VINE JAZZ DISTRICT, THE BLUE ROOM SIMULTANEOUSLY HONORS THE PAST AND SHOWCASES THE PRESENT NAMES IN JAZZ. A MULTIFACETED EXHIBIT HIGHLIGHTING THE COUNTLESS MUSICIANS WHO CRAFTED "KANSAS CITY JAZZ", A SOUND KNOWN ALL OVER THE WORLD, THE BLUE ROOM ALSO PROVIDES A DISTINCTIVE PLATFORM TO PRESENT DYNAMIC PERFORMANCES FROM THE BEST LOCAL AND NATIONAL JAZZ TALENT IN AN INTIMATE SETTING. AS THE ONLY MUSEUM

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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 $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

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

$109,067

Total Directors

Key Employees

Highest Compensated

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
2025	No data	No data	No data	No data
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