Living Jazz (EIN 942963195) - 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

1985

Legal Domicile

Principal Officer

Elizabeth Luke Thottam

Phone

5108585313

Tax Period

2024-08-01 to 2025-07-31

Living Jazz, founded in 1985, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $1.7M left a modest 10% surplus.

Mission

Living Jazz provides jazz-rooted music education and performances.

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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 $788,766

Program Service Revenue $1,052,156

Investment Income $986

Other Revenue $11,389

TOTAL REVENUE $1,853,297

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,116,081

Fundraising Expenses $54,709

Program Expenses $1,159,324

Other Expenses $549,351

TOTAL EXPENSES $1,665,432

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,853,297	$1,404,349	+0.3%
Expenses	$1,665,432	$1,435,695	+0.2%
Net Income	$187,865	$-31,346	-7.0%

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

100

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

$139,383

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Elizabeth Luke Thottam	Executive Dir.	55.00	Officer	$131,583	$7,800	$139,383
Terrence Brewer	President	2.00	Officer Director	$0	$0	$0
Kellie Morlock	President	2.00	Officer Director	$0	$0	$0
Kathryn Nobrega	Vice President	2.00	Officer Director	$0	$0	$0
Hardik Kheskani	Secretary	2.00	Officer Director	$0	$0	$0
Adrianne Batiste	Treasurer	2.00	Officer Director	$0	$0	$0
Mariah Fairley	Secretary	2.00	Officer Director	$0	$0	$0
Kenya Moses	Secretary	2.00	Officer Director	$0	$0	$0
Marty Kaplan PhD	Member-At-Large	2.00	Director	$0	$0	$0
Laura Anderson	Trustee	1.00	Director	$0	$0	$0
Jesse Engel	Trustee	1.00	Director	$0	$0	$0
Michael Gill	Trustee	1.00	Director	$0	$0	$0
Alison Schmitt	Trustee	1.00	Director	$0	$0	$0
Seth Ducey	Trustee	1.00	Director	$0	$0	$0
Natalie Jacob	Trustee	1.00	Director	$0	$0	$0
Tom Gregory	Trustee	1.00	Director	$0	$0	$0
Jim Callahan	Trustee	1.00	Director	$0	$0	$0
Julian Lute	Trustee	1.00	Director	$0	$0	$0
Linda Shear	Trustee	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
2025	$1,853,297	$1,665,432	$1,112,249	$187,865
2024	$1,404,349	$1,435,695	$876,093	$-31,346
2023	$1,060,658	$899,716	$899,147	$160,942
2022	$1,049,282	$1,015,759	$474,614	$33,523
2021	$554,598	$500,905	$448,009	$53,693
2021	$554,598	$500,905	$448,009	$53,693
2020	$485,371	$479,057	$381,428	$6,314
2020	$485,371	$479,057	$381,428	$6,314
2019	$891,885	$887,449	$266,443	$4,436
2019	$891,885	$887,449	$266,443	$4,436
2019	$891,885	$887,449	$266,443	$4,436
2018	$889,771	$907,683	$248,259	$-17,912

Living Jazz