IDAHO JAZZ EDUCATION ENDOWMENT

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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

1990

Legal Domicile

Principal Officer

PATRICK KURDY

Phone

2083364447

Tax Period

2025-01-01 to 2025-12-31

IDAHO JAZZ EDUCATION ENDOWMENT, founded in 1990, is a small nonprofit in the Arts, Culture & Humanities sector that reported $310K in total revenue in fiscal year 2025. Revenue surged 2004% from the prior year, signaling strong growth momentum. The organization ran a surplus of $119K, a strong 38% operating margin.

Mission

TO PROVIDE AND ENCOURAGE EDUCATIONAL ENDEAVORS AND PROVIDE SCHOLARSHIP ASSISTANCE TO ASPIRING JAZZ PERFORMERS OR EDUCATORS AND TO GENERALLY PROMOTE THE GREAT AMERICAN ARTFORM OF JAZZ.

Program Service Accomplishments

Program 1

Expenses: $33,539

Provided scholarships for music majors in accredited degree programs at various universities and post secondary schools.

Program 2

Expenses: $4,855

PROVIDE ANNUAL SCHOLARSHIP FUNDS FOR QUALITY PRIVATYE MUSIC INSTRUCTION FOR TALENTED INSTRUMENTAL MUSICIANS IN GRADES 9 - 12, THAT WOULD NORMALLY NOT BE ABLE TO AFFORD THEM.

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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 (2025)

Revenue Breakdown

Contributions & Grants $14,895

Program Service Revenue $0

Investment Income $295,105

Other Revenue $36

TOTAL REVENUE $310,036

Expense Breakdown

Grants Paid $38,394

Salaries & Benefits $0

Fundraising Expenses $5,964

Program Expenses $38,394

Other Expenses $153,096

TOTAL EXPENSES $191,490

Year-over-Year Comparison

	2025	2024	Change
Revenue	$310,036	$14,739	+20.0%
Expenses	$191,490	$36,382	+4.3%
Net Income	$118,546	$-21,643	-6.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
PATRICK KURDY	PRESIDENT	Officer Director	$0	$0	$0
QUINN VAN PAEPEGHEM	VICE PRESIDENT	Officer Director	$0	$0	$0
JULIE POEDY	SECRETARY	Officer Director	$0	$0	$0
DEBBIE SEIFRIT	TREASURE	Officer Director	$0	$0	$0
MEGAN ZUSNE	DIRECTOR	Director	$0	$0	$0
AMY BRADEN	DIRECTOR	Director	$0	$0	$0
LINDA SCHMIDT	DIRECTOR	Director	$0	$0	$0
SHIRLEY VAN PAEPEGHEM	DIRECTOR	Director	$0	$0	$0
KATIE GARONZIK	DIRECTOR	Director	$0	$0	$0
HEATHER GARONZIK	DIRECTOR	Director	$0	$0	$0
OLIVER THOMAS	DIRECTOR	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	$310,036	$191,490	$1,356,507	$118,546
2024	$11,936	$36,382	$1,241,138	$-24,446
2023	$29,822	$44,584	$1,158,846	$-14,762
2022	$16,401	$34,835	$1,110,395	$-18,434
2021	$71,739	$3,440	$1,175,908	$68,299
2020	$50,070	$20,920	$1,037,205	$29,150
2019	$11,314	$23,016	$933,313	$-11,702