Monterey, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Monterey Jazz Festival, founded in 1958, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.0M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $4.5M exceeded revenue, resulting in a 12% operating deficit.
The Monterey Jazz Festival's mission is to inspire the discovery and celebration of jazz, anchored by an iconic festival.
Monterey Jazz Festival - The nonprofit Monterey Jazz Festival is the longest continuously-running jazz festival in the world, and has presented nearly every major jazz artist every year since its...
Monterey Jazz Festival - The nonprofit Monterey Jazz Festival is the longest continuously-running jazz festival in the world, and has presented nearly every major jazz artist every year since its inception in 1958. Held annually on the 20-acre Monterey County Fairgrounds, the Festival is considered an international icon and model for all subsequent multi-stage music festivals. Five-hundred top jazz artists perform throughout the weekend on eight stages over three nights and two days each third full weekend in September. Every year, through its marketing and promotional efforts, the Festival gathers over 60 million impressions in local, national, and international print and digital media outlets, on the ground, and through its web site.
The Festival provides 3,000+ young people with direct access to the nationally recognized jazz musicians and music instructors. These programs fill an educational gap in our schools underfunded music...
The Festival provides 3,000+ young people with direct access to the nationally recognized jazz musicians and music instructors. These programs fill an educational gap in our schools underfunded music programs and provide mentorship and performance opportunities to foster creativity for the next generation's jazz musicians. The education programs include: the MJF Regional All Star Band and Vocal Ensemble, MJF All Star Middle School Combo, Summer Jazz Camp, Jazz Uplifts!, master classes and workshops, and an instrument bank & sheet music library. National programs include the Next Generation Jazz Orchestra and the Next Generation Women in Jazz Combo as well as our HBCU (Historically Black Colleges and Universities) Partnership Program, which brings students from HBCUs throughout the U.S. to Monterey to provide career and performance opportunities.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $3,989,871 | $4,322,805 | -0.1% |
| Expenses | $4,455,755 | $4,045,270 | +0.1% |
| Net Income | $-465,884 | $277,535 | -2.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Tim Jackson | Artistic Dir. | 30.00 |
Officer
|
$189,672 | $1,916 | $191,588 |
| Colleen Bailey | Executive Dir. | 40.00 |
Officer
Director
|
$123,859 | $14,696 | $138,555 |
| Tony Caparelli | Finance Dir. | 40.00 |
Officer
|
$107,124 | $8,999 | $116,123 |
| Tom LaFaille | Chair Elect | 1.00 |
Director
|
$0 | $0 | $0 |
| Sherol Chen | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Larry Williams Sr | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Clint Eastwood | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Ken Gordon | President | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Cydney Payton | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Don Barnett | Treasurer | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Sharon Wesley | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| John Garcia | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Lori Ella Miller | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Susie Brusa | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Mike Knapek | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Laura Zehm | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Kevin Cartwright | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Mimi Hahn | Secretary | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $3,989,871 | $4,455,755 | $3,377,624 | $-465,884 |
| 2022 | $4,322,805 | $4,045,270 | $3,560,341 | $277,535 |
| 2021 | $4,129,138 | $2,294,969 | $3,593,346 | $1,834,169 |
| 2020 | $1,284,186 | $1,392,764 | $2,356,705 | $-108,578 |
| 2019 | $4,196,392 | $4,087,740 | $1,955,753 | $108,652 |
| 2018 | $4,039,044 | $4,394,261 | $1,709,420 | $-355,217 |
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