Colorado Conservatory For the Jazz Arts (EIN 841529374) - 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

2002

Legal Domicile

Principal Officer

Ann Bowar

Phone

3129526440

Tax Period

2024-09-01 to 2025-08-31

Colorado Conservatory For the Jazz Arts, founded in 2002, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $527K in total revenue in fiscal year 2024. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $111K, a strong 21% operating margin.

Mission

Education in the Jazz Arts for musicians of all ages.

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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 (2024)

Revenue Breakdown

Contributions & Grants $322,250

Program Service Revenue $202,719

Investment Income $0

Other Revenue $2,077

TOTAL REVENUE $527,046

Expense Breakdown

Grants Paid $0

Salaries & Benefits $156,352

Fundraising Expenses $0

Program Expenses $175,778

Other Expenses $259,503

TOTAL EXPENSES $415,855

Year-over-Year Comparison

	2024	2023	Change
Revenue	$527,046	$339,096	+0.6%
Expenses	$415,855	$364,574	+0.1%
Net Income	$111,191	$-25,478	-5.4%

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

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

$66,577

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christine Romaine	Director	20.00	Officer	$33,273	$0	$33,273
Paul Romaine	Artistic Direct	20.00	Officer	$24,957	$0	$24,957
Dominique Edson	Program Director	8.00		$10,154	$0	$10,154
Jonathan Zimny	Program Director	8.00		$9,889	$0	$9,889
Ann Bowar	Executive Dir.	20.00	Officer	$8,347	$0	$8,347
Patrick Alvarez	AV & Production Director	8.00		$7,577	$0	$7,577
Bailey Hinkley Grogan	Marketing Director	8.00		$6,325	$0	$6,325
Sandra Kilian	Bookkeeper	5.00		$4,361	$0	$4,361

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	$527,046	$415,855	$176,974	$111,191
2024	$426,244	$420,008	$78,350	$6,236
2023	$339,096	$364,574	$71,923	$-25,478
2022	$263,401	$294,337	$96,548	$-30,936
2021	$284,991	$252,804	$125,977	$32,187
2020	$267,269	$245,156	$92,179	$22,113
2019	$244,707	$240,779	$71,896	$3,928
2018	$263,455	$219,927	$66,562	$43,528

Colorado Conservatory For the Jazz Arts