OAKTOWN JAZZ WORKSHOPS

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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

1996

Phone

5106491785

Tax Period

2024-01-01 to 2024-12-31

OAKTOWN JAZZ WORKSHOPS, founded in 1996, is a small nonprofit in the Education sector that reported $271K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $306K exceeded revenue, resulting in a 13% operating deficit.

Mission

Our purpose is to promote, preserve, and present this music so that all youth develop a sense of ownership and pride in jazz music as a uniquely American cultural tradition.Oak Town Jazz Workshop is classified as other performing arts company underNAICS CODE 711190

Program Service Accomplishments

Program 1

Expenses: $252,764

Program service accomplishments of 2024: 48 Combo Workshops in these weekly, year-round workshops, young musicians learned to improvise instrumental solos while playing different types of jazz and...

Program service accomplishments of 2024: 48 Combo Workshops in these weekly, year-round workshops, young musicians learned to improvise instrumental solos while playing different types of jazz and blues tunes in a full band setting, with guidance from our faculty of professional musicians. 48 Performance Ensemble Workshops in these weekly, year-round workshops, young musicians improved their musicianship, developed their personal voices, and challenged themselves musically in a band setting. 20 Jazz Improvisation Classes in these 10-week courses that we held in the spring and fall, students learned about ensemble playing, ear training, melodic phrasing, and harmonic forms. 20 Music Theory Classes in these 10-week courses that we held in the spring and fall, students learned about modes, chord analysis, ear training, and composition. 3 Live Audio Reinforcement Classes in this 3-week winter course, students learned about microphone techniques for live concerts, digital and analog mix routing, and got hands-on experience using mixing board and speaker systems. 20 youth who were aging out of our programs were supported by our staff with letters of recommendation, guidance, loaned instruments, and support with their post-secondary college and career plans. 29 Community performances. Four music clinics hosted by internationally touring musicians. 13 Concerts featuring local and regional musicians. 65 Jazz in the Schools presentations at public schools.

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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 $200,699

Program Service Revenue $70,397

Investment Income $53

Other Revenue $0

TOTAL REVENUE $271,149

Expense Breakdown

Grants Paid $0

Salaries & Benefits $179,693

Fundraising Expenses $31,086

Program Expenses $252,764

Other Expenses $126,687

TOTAL EXPENSES $306,380

Year-over-Year Comparison

	2024	2023	Change
Revenue	$271,149	$347,665	-0.2%
Expenses	$306,380	$281,962	+0.1%
Net Income	$-35,231	$65,703	-1.5%

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

N/A

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

$65,971

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAVI ABCARIAN	Executive Dir.	30.00	Director	$65,971	$0	$65,971
DAVID DE HART	Trustee/ Sec.	0.00	Director	$0	$0	$0
JOHN SANTOS	Trustee	0.00	Director	$0	$0	$0
UMI VAUGHN	Trustee	0.00	Director	$0	$0	$0
GARY BEAN MD	Trustee	0.00	Director	$0	$0	$0
LAURA ELLIS	Chairman	0.00	Director	$0	$0	$0
MAYA KRONFELD	Trustee	0.00	Director	$0	$0	$0
JESSE CHUY VARELA	Treasurer	0.00	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	$271,149	$306,380	$219,336	$-35,231
2023	$347,665	$281,962	$257,175	$65,703
2022	$279,229	$236,312	$188,522	$42,917
2021	$270,839	$182,377	$140,365	$88,462
2021	$270,839	$176,907	$145,835	$93,932