CAPE MAY JAZZ FESTIVAL FOUNDATION INC

EIN: 845054452 501(c)(3)

CAPE MAY, NJ

Total Revenue
$234,766
Total Expenses
$247,754
Total Assets
$10,845
Net Assets
$10,845
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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
2020
Legal Domicile
NJ
Principal Officer
RALPH DIPIETRO
Phone
7178778038
Tax Period
2023-01-01 to 2023-06-30

CAPE MAY JAZZ FESTIVAL FOUNDATION INC, founded in 2020, is a small nonprofit that reported $235K in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring.

Mission

THE CAPE MAY JAZZ FESTIVAL FOUNDATION IS DEDICATED TO THE MISSION OF FOSTERING AN APPRECIATION FOR, CULTIVATING THE DISCOVERY OF, AND CELEBRATING AND EXPANDING THE LEGACY OF JAZZ, BLUES AND FOLK MUSIC THROUGH THE PRESENTATION OF FESTIVALS AND EDUCATIONAL AND CULTURAL INITIATIVES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $40,569
Program Service Revenue $192,217
Investment Income $2
Other Revenue $1,978
TOTAL REVENUE $234,766

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $216,421
Other Expenses $247,754
TOTAL EXPENSES $247,754

Year-over-Year Comparison

2023 2022 Change
Revenue $234,766 $461,966 -0.5%
Expenses $247,754 $459,044 -0.5%
Net Income $-12,988 $2,922 -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

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Governance

Voting Members
17
Independent Members
17
Employees
N/A
Volunteers
17

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
4
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RALPH DIPIETRO PRESIDENT 1.00
Officer Director
$0 $0 $0
GAIL BOYD VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JILL QUINN TREASURER 1.00
Officer Director
$0 $0 $0
ADONIS ROSE SECRETARY 1.00
Officer Director
$0 $0 $0
JOHN AUERBACH BOARD MEMBER 1.00
Director
$0 $0 $0
LELAH EPPENBACH BOARD MEMBER 1.00
Director
$0 $0 $0
ORRIN EVANS BOARD MEMBER 1.00
Director
$0 $0 $0
WENDY GUILES BOARD MEMBER 1.00
Director
$0 $0 $0
HENRY HUCLES BOARD MEMBER 1.00
Director
$0 $0 $0
JOSH JACKSON BOARD MEMBER 1.00
Director
$0 $0 $0
JONATHAN KRAUSS BOARD MEMBER 1.00
Director
$0 $0 $0
CHARLES LOMAX BOARD MEMBER 1.00
Director
$0 $0 $0
JASON OLAINE BOARD MEMBER 1.00
Director
$0 $0 $0
PETE BALDWIN BOARD MEMBER 1.00
Director
$0 $0 $0
BERNADETTE GIVENS BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS MEES BOARD MEMBER 1.00
Director
$0 $0 $0
SARA LOMAX-REESE BOARD MEMBER 1.00
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
2024 No data No data No data No data
2023 $234,766 $247,754 $10,845 $-12,988
2022 $461,966 $459,044 $23,833 $2,922
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