THE CARMEL JAZZ FESTIVAL INC

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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

2022

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

THE CARMEL JAZZ FESTIVAL INC, founded in 2022, is a small nonprofit in the Arts, Culture & Humanities sector that reported $210K in total revenue in fiscal year 2023.

Mission

OUR MISSION IS TO CELEBRATE INDIANAS RICH JAZZ MUSIC HISTORY, HIGHLIGHT NATIONAL AND INTERNATIONAL JAZZ, R&B AND BLUES MUSICIANS AND SPOTLIGHT AND EDUCATE EMERGING, UPCOMING ARTISTS.

Program Service Accomplishments

Program 1

Revenue: $210,427

INAUGURAL CARMEL JAZZ FESTIVAL WAS HELD IN CARMEL, IN AUGUST 2023. THIS EVENT WAS HELD OVER TWO DAYS AND FEATURED MORE THAN 30 ARTISTS FROM AROUND THE US.

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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 $210,427

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $210,427

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $222,818

Other Expenses $229,191

TOTAL EXPENSES $229,191

Year-over-Year Comparison

	2023	2022	Change
Revenue	$210,427	N/A	N/A
Expenses	$229,191	N/A	N/A
Net Income	$-18,764	N/A	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
LISA MCCANN	PAST TREASURER	Officer	$0	$0	$0
GARY SEXTON	EXECUTIVE DIRECTOR	Officer	$0	$0	$0
DAN MCFEELY	CURRENT PRESIDENT	Officer	$0	$0	$0
ASHLEY ULBRICHT	PAST PRESIDENT	Officer	$0	$0	$0
JEREMY MILLER	PAST VICE PRESIDENT	Officer	$0	$0	$0
ERICA THOMPSON	SECRETARY	Officer	$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	$210,427	$229,191	$12,947	$-18,764