COLAJAZZ FOUNDATION

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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

2019

Legal Domicile

Principal Officer

MARK E RAPP

Phone

9174551411

Tax Period

2023-01-01 to 2023-12-31

COLAJAZZ FOUNDATION, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $307K in total revenue in fiscal year 2023. Revenue surged 59% from the prior year, signaling strong growth momentum. Expenses of $279K left a modest 9% surplus.

Mission

THE COLAJAZZ FOUNDATION IS DEDICATED TO GROWING, SUPPORTING AND PROMOTING JAZZ IN THE MIDLANDS THROUGH EVENTS, EDUCATION, RECORDINGS, RESOURCES AND ADVOCACY IN ORDER TO CREATE A THRIVING CULTURALLY RICH COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $142,456 Revenue: $132,533

TO ENRICH AND INSPIRE THE MIDLANDS COMMUNITY BY SHARING JAZZ ANYWHERE IT IS NEEDED BY PERFORMING AN ANNUAL JAZZ FEST, QUARTERLY "LIVE IN THE LOBBY" PROGRAMS WITH THE KOGER CENTER FOR THE ARTS...

TO ENRICH AND INSPIRE THE MIDLANDS COMMUNITY BY SHARING JAZZ ANYWHERE IT IS NEEDED BY PERFORMING AN ANNUAL JAZZ FEST, QUARTERLY "LIVE IN THE LOBBY" PROGRAMS WITH THE KOGER CENTER FOR THE ARTS, MONTHLY "DINNER & JAZZ" SHOWS, LIVESTREAM CONCERTS, SPECIAL POPUP PRESENTATIONS AND MORE.

Program 2

Expenses: $53,760 Revenue: $60,965

TO BRING THE IMPORTANT HISTORY AND VALUE OF JAZZ TO LIFE BY OFFERING A POWERFUL, ENGAGING AND EXCITING RESOURCE OF CURRICULUM, CLINICS, MASTER CLASSES AND MENTORSHIP TO ALL AGES OF ANY BACKGROUND.

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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 $112,817

Program Service Revenue $193,498

Investment Income $65

Other Revenue $213

TOTAL REVENUE $306,593

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,502

Fundraising Expenses $5,927

Program Expenses $196,216

Other Expenses $230,771

TOTAL EXPENSES $279,273

Year-over-Year Comparison

	2023	2022	Change
Revenue	$306,593	$192,954	+0.6%
Expenses	$279,273	N/A	N/A
Net Income	$27,320	$192,954	-0.9%

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

$45,000

Total Directors