CHARLESTON JAZZ

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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

2008

Legal Domicile

Principal Officer

ALVA ANDERSON

Phone

8438220126

Tax Period

2023-01-01 to 2023-12-31

CHARLESTON JAZZ, founded in 2008, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

TO GROW AND CULTIVATE A LOCAL AND GLOBAL COMMUNITY FOR JAZZ THROUGH PERFORMANCE, EDUCATION AND OUTREACH WHILE CELEBRATING AND PRESERVING CHARLESTON'S RICH HISTORY IN JAZZ.

Program Service Accomplishments

Program 1

Expenses: $522,465 Revenue: $224,385

CHARLESTON JAZZ ORCHESTRA - THE CJO, LED BY ROBERT LEWIS, IS COMPRISED OF AN ACCOMPLISHED GROUP OF 18 JAZZ MUSICIANS AND FEATURES GUEST PERFORMERS FOR AN ENTERTAINING AND EDUCATIONAL SEASON EVERY...

CHARLESTON JAZZ ORCHESTRA - THE CJO, LED BY ROBERT LEWIS, IS COMPRISED OF AN ACCOMPLISHED GROUP OF 18 JAZZ MUSICIANS AND FEATURES GUEST PERFORMERS FOR AN ENTERTAINING AND EDUCATIONAL SEASON EVERY YEAR. THE CJO HAS BECOME KNOWN FOR UNIQUE, ENTHUSIASTICALLY RECEIVED CONCERTS THAT CONTRIBUTE MIGHTILY TO THE EVER-EVOLVING LOWCOUNTRY ARTS SCENE AND SERVE AS AN EXAMPLE OF THE RICH HISTORY AND LEGACY OF JAZZ IN CHARLESTON. IN 2023,THE CHARLESTON JAZZ ORCHESTRA (CJO) PERFORMED ITS SIX-CONCERT SEASON AT THE CHARLESTON MUSIC HALL.

Program 2

Expenses: $205,116 Revenue: $197,339

THE 8TH CHARLESTON JAZZ FESTIVAL WAS HELD ON APRIL 20-23, 2023. THE EVENT DREW MUSIC-LOVERS FROM AROUND THE GLOBE TO CHARLESTON, SC FOR A FOUR-DAY CELEBRATION OF THE HOLY CITYS JAZZ HERITAGE.

Program 3

Expenses: $484,763 Revenue: $154,556

THE CHARLESTON JAZZ ACADEMY BRINGS TOGETHER STUDENTS OF ALL BACKGROUNDS AND AGES IN A COLLABORATIVE, FUN, AND CHALLENGING ENVIRONMENT TO EXPAND THEIR REPERTOIRE AND NURTURE THE SKILLS OF MUSIC AND...

THE CHARLESTON JAZZ ACADEMY BRINGS TOGETHER STUDENTS OF ALL BACKGROUNDS AND AGES IN A COLLABORATIVE, FUN, AND CHALLENGING ENVIRONMENT TO EXPAND THEIR REPERTOIRE AND NURTURE THE SKILLS OF MUSIC AND IMPROVISATION WHILE EMPHASIZING THE IMPORTANCE OF TEAMWORK, CREATIVITY, AND SELF-EXPRESSION. THE PURPOSE OF THE CHARLESTON JAZZ ACADEMY IS TO CULTIVATE THE NEXT GENERATION OF JAZZ ARTISTS AND ENTHUSIASTS THROUGH A VARIETY OF EDUCATION AND OUTREACH PROGRAMS.

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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 $779,796

Program Service Revenue $576,280

Investment Income $2,370

Other Revenue $15,381

TOTAL REVENUE $1,373,827

Expense Breakdown

Grants Paid $86,000

Salaries & Benefits $431,632

Fundraising Expenses $68,423

Program Expenses $1,212,344

Other Expenses $883,703

TOTAL EXPENSES $1,401,335

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,373,827	$1,091,766	+0.3%
Expenses	$1,401,335	$1,088,334	+0.3%
Net Income	$-27,508	$3,432	-9.0%

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

$110,522

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALVA ANDERSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
RONALD D MCCRAY	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
CLAY GRAYSON	SECRETARY	2.00	Officer Director	$0	$0	$0
JOHN W OLSON	TREASURER	2.00	Director	$0	$0	$0
JOE CLARKE	DIRECTOR	1.00	Director	$0	$0	$0
J ANTON COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
MADELEINE FRUME	DIRECTOR	1.00	Director	$0	$0	$0
DONALD R JOHNSON II MD	DIRECTOR	1.00	Director	$0	$0	$0
JILL JONES	DIRECTOR	1.00	Director	$0	$0	$0
CLAIRE LOUDER	DIRECTOR	1.00	Director	$0	$0	$0
EDWIN MEYER	DIRECTOR	1.00	Director	$0	$0	$0
MATT D PARDIECK	DIRECTOR	1.00	Director	$0	$0	$0
HILTON C SMITH JR	DIRECTOR	1.00	Director	$0	$0	$0
HARRY STALEY	DIRECTOR	1.00	Director	$0	$0	$0
VICTOR WEINSTEIN MD	DIRECTOR	1.00	Director	$0	$0	$0
RON WILTROUT	DIRECTOR	1.00	Director	$0	$0	$0
TATJANA BEYLOTTE	EXECUTIVE DI	40.00	Officer	$103,372	$7,150	$110,522

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	No data	No data	No data	No data
2023	$1,373,827	$1,401,335	$515,722	$-27,508
2022	$1,091,766	$1,088,334	$530,942	$3,432
2021	$1,004,740	$749,170	$510,397	$255,570
2020	$855,700	$806,884	$273,317	$48,816