JAZZ OUTREACH INITIATIVE (EIN 815201389) - 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

2017

Legal Domicile

Principal Officer

DON J THOMPSON

Phone

7028122133

Tax Period

2023-08-01 to 2024-07-31

JAZZ OUTREACH INITIATIVE, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $209K in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $242K exceeded revenue, resulting in a 16% operating deficit.

Mission

WE RAISE PUBLIC AWARENESS OF JAZZ THROUGH CONCERTS CLASSES AND COMMUNITY BUILDING

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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 $150,440

Program Service Revenue $50,923

Investment Income $0

Other Revenue $7,620

TOTAL REVENUE $208,983

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $38,754

Fundraising Expenses $14,500

Program Expenses $151,729

Other Expenses $202,398

TOTAL EXPENSES $242,152

Year-over-Year Comparison

	2023	2022	Change
Revenue	$208,983	$170,113	+0.2%
Expenses	$242,152	$213,495	+0.1%
Net Income	$-33,169	$-43,382	-0.2%

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

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
DON J THOMPSON	EXECUTIVE DIRECTOR	N/A	Officer	$0	$0	$0
KENNY RAMPTON	PRESIDENTARTISTIC DIR	N/A	Officer	$0	$0	$0
CURT MILLER	VICE PRESIDENT	N/A	Officer	$0	$0	$0
DANIEL PHILIPPUS	TREASURER	N/A	Officer	$0	$0	$0
JULIANA MCRAE	SECRETARY	N/A	Officer	$0	$0	$0
GARY CORDELL	DIRECTO OF PROGRAMMING	N/A	Highest	$36,000	$0	$36,000

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	$208,983	$242,152	$55,496	$-33,169
2024	$84,314	$85,659	$55,045	$-1,345
2022	$99,601	$151,344	$71,756	$-51,743
2021	$87,441	$36,283	$71,832	$51,158

JAZZ OUTREACH INITIATIVE