LA JAZZ FESTIVAL FOUNDATION (EIN 873493727) - 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

2021

Legal Domicile

Principal Officer

MARTIN LUDLOW

Phone

3232922200

Tax Period

2023-01-01 to 2023-12-31

LA JAZZ FESTIVAL FOUNDATION, founded in 2021, is a small nonprofit that reported $257K in total revenue in fiscal year 2023. Revenue surged 928% from the prior year, signaling strong growth momentum. Expenses of $366K exceeded revenue, resulting in a 42% operating deficit.

Mission

TO IMPROVE HEALTH AND WELFARE OF UNDER SERVED FAMILIES BY BRINGING JAZZ, MUSIC, ARTS AND CULTURE.

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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 $257,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $257,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $35,693

Program Expenses $293,916

Other Expenses $365,752

TOTAL EXPENSES $365,752

Year-over-Year Comparison

	2023	2022	Change
Revenue	$257,000	$25,000	+9.3%
Expenses	$365,752	$2,000	+181.9%
Net Income	$-108,752	$23,000	-5.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTIN LUDLOW	PRESIDENT	1.00	Officer Director	$0	$0	$0
TERRI NEW	TREASURER	1.00	Officer Director	$0	$0	$0
DOUG MOORE	SECRETARY	1.00	Officer Director	$0	$0	$0
DOMINIQUE DIPRIMA	DIRECTOR	1.00	Director	$0	$0	$0
WARNER WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN CLAYTON	DIRECTOR	1.00	Director	$0	$0	$0
WILLIE BROWN	DIRECTOR	1.00	Director	$0	$0	$0
ANTONIO VILLARAIGOSA	DIRECTOR	1.00	Director	$0	$0	$0
BOBBY AVILA	DIRECTOR	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
2023	$257,000	$365,752	$1,291	$-108,752

LA JAZZ FESTIVAL FOUNDATION