JAZZ AT ASPEN-SNOWMASS

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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

1992

Legal Domicile

Principal Officer

JAMES HOROWITZ

Phone

9709204996

Tax Period

2023-10-01 to 2024-09-30

JAZZ AT ASPEN-SNOWMASS, founded in 1992, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $30.4M in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $17.9M, a strong 59% operating margin.

Mission

THE MISSION OF JAZZ ASPEN SNOWMASS IS TO PRESENT AND PRESERVE JAZZ AND RELATED FORMS OF MUSIC THROUGH WORLD-CLASS FESTIVALS, PERFORMANCES AND EDUCATION PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $9,880,420 Revenue: $3,494,812

FESTIVALS AND PERFORMANCES INCLUDE THE JAS CAF SERIES, JUNE EXPERIENCE AND LABOR DAY EXPERIENCE. THE JAS CAF HOSTED 20 NIGHTS OF PERFORMANCES OVER THE WINTER AND SUMMER SERIES, WHILE THE JAS JUNE...

FESTIVALS AND PERFORMANCES INCLUDE THE JAS CAF SERIES, JUNE EXPERIENCE AND LABOR DAY EXPERIENCE. THE JAS CAF HOSTED 20 NIGHTS OF PERFORMANCES OVER THE WINTER AND SUMMER SERIES, WHILE THE JAS JUNE EXPERIENCE TOOK OVER DOWNTOWN ASPEN WITH OVER 40 PERFORMANCES TAKING PLACE IN 12 DIFFERENT VENUES. THE JAS LABOR DAY EXPERIENCE ATTRACTED 28,514 ATTENDEES AT THE ANNUAL 3-DAY EVENT. ALONG WITH PERFORMANCES, THE CAFS OFFER MUSIC EDUCATION OPPORTUNITIES THROUGH LISTEN UP! PRE-SHOW DISCUSSIONS WHERE ARTISTS ARE INTERVIEWED ABOUT THEIR MUSICAL BACKGROUNDS AND EXPERIENCES AS WELL AS OFFERING "JAS CAF CORNER" BLOGS AND PROGRAM ADDITIONS HIGHLIGHTING THE HISTORY OF JAZZ.

Program 2

Expenses: $733,964 Revenue: $145,599

THE JAS ACADEMY HOSTED 46 STUDENTS FROM SOME OF THE TOP MUSIC SCHOOLS ACROSS THE COUNTY BETWEEN TWO 2-WEEK SUMMER SESSIONS. STUDENTS WORK WITH FACULTY FROM THE FROST SCHOOL OF MUSIC AT THE UNIVERSITY OF MIAMI, AS WELL AS VISITING PROFESSIONAL JAZZ MUSICIANS DURING THE PROGRAM WHICH FOCUSES ON IDENTIFYING AND ASSISTING THE MOST TALENTED STUDENT ARTISTS EMBRACING JAZZ FUNDAMENTALLY WHILE EXPLORING MYRIAD RELATED AND UNRELATED FORMS OF MUSIC AT THE HIGHEST QUALITY. THE ACADEMY IS A FULL SCHOLARSHIP PROGRAM SUPPORTED ANNUALLY BY A MULTI-YEAR GIFT FROM ED AND SASHA BASS. IN 2024 JAS LAUNCHED A NEW AFRO-CARIBBEAN SESSION ATTRACTING A WIDER RANGE OF MUSICIANS THAN YEARS PAST.

Program 3

Expenses: $322,502 Revenue: $14,020

LOCAL EDUCATION INITIATIVES PROVIDED OVER $255,000 IN SUPPORT TO LOCAL PUBLIC MIDDLE AND HIGH SCHOOLS, REACHING 15 SCHOOLS AND OVER 1,500 STUDENTS. THIS INCLUDED SUPPORT FOR JAS'S NEWEST EDUCATION...

LOCAL EDUCATION INITIATIVES PROVIDED OVER $255,000 IN SUPPORT TO LOCAL PUBLIC MIDDLE AND HIGH SCHOOLS, REACHING 15 SCHOOLS AND OVER 1,500 STUDENTS. THIS INCLUDED SUPPORT FOR JAS'S NEWEST EDUCATION PROGRAM LAUNCHED IN 2024, THE JAS STREET HORNS, DESIGNED FOR ADVANCED MIDDLE AND HIGH SCHOOL STUDENTS INTERESTED IN A HIGH-LEVEL BAND EXPERIENCE WITH THEIR PEERS ACROSS THE WESTERN SLOPE. STUDENTS STUDY AND PERFORM WITH OTHER ADVANCE STUDENTS AT A LEVEL THEY ARE LIKELY NOT PARTICIPATING IN AT SCHOOL. THE GROUP MEETS MONTHLY THROUGHOUT THE YEAR FOR A REHEARSAL AND PERFORMANCE, WORKING WITH LOCAL MUSICIANS, AS WELL AS PROFESSIONAL MUSICIANS TRAVELING TO THE AREA TO PERFORM FOR JAS. THIS YEAR LONG COMMITMENT ENDS WITH AN EXCITING SPRING BREAK TRIP TO NEW ORLEANS! ALL EXPENSES FOR STREET HORN PARTICIPATION, INCLUDING THE TRIP, ARE COVERED BY JAS.

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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 $26,134,569

Program Service Revenue $3,654,431

Investment Income $535,514

Other Revenue $70,211

TOTAL REVENUE $30,394,725

Expense Breakdown

Grants Paid $61,120

Salaries & Benefits $1,323,210

Fundraising Expenses $482,031

Program Expenses $10,936,886

Other Expenses $11,081,782

TOTAL EXPENSES $12,466,112

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,394,725	$21,166,069	+0.4%
Expenses	$12,466,112	$13,666,747	-0.1%
Net Income	$17,928,613	$7,499,322	+1.4%

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

134

Volunteers

175

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

$373,687

Total Directors