GOSPEL MUSIC ASSOCIATION TRADE ORGANZIATION (EIN 200297577) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

JACKIE PATILLO

Phone

6158870284

Tax Period

2024-01-01 to 2024-12-31

GOSPEL MUSIC ASSOCIATION TRADE ORGANZIATION, founded in 2004, is a community nonprofit that reported $5.4M in total revenue in fiscal year 2024. Revenue surged 521% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.1M, a strong 56% operating margin.

Mission

TO PROVIDE A CENTRAL BODY TO ADDRESS ISSUES FACING THE GOSPEL AND CHRISTIAN MUSIC INDUSTRIES, HONOR OUTSTANDING ACHIEVEMENT AND EXCELLENCE IN GOSPEL MUSIC, AND EDUCATE AND SUPPORT THE GROWTH AND DEVELOPMENT OF CHRISTIAN ARTITSTS AND SONGWRITERS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,102,382

Program Service Revenue $1,195,979

Investment Income $26,807

Other Revenue $122,477

TOTAL REVENUE $5,447,645

Expense Breakdown

Grants Paid $1,059

Salaries & Benefits $734,730

Fundraising Expenses $0

Other Expenses $1,658,900

TOTAL EXPENSES $2,394,689

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,447,645	$876,591	+5.2%
Expenses	$2,394,689	$1,269,772	+0.9%
Net Income	$3,052,956	$-393,181	-8.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

260

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

$158,027

Total Directors

$158,027

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACKIE PATILLO	PRESIDENT	2.00	Officer Director	$149,927	$8,100	$158,027
DEMETRUS ALEXANDER	DIRECTOR	2.00	Director	$0	$0	$0
STEVE BLAIR	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT BRICKEL	PAST CHAIRMA	2.00	Officer Director	$0	$0	$0
MIKE CHANDLER	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
EBONI FUNDERBURK	DIRECTOR	2.00	Director	$0	$0	$0
EJ GAINES	DIRECTOR	2.00	Director	$0	$0	$0
HOWARD GENTRY	DIRECTOR	2.00	Director	$0	$0	$0
ED HARPER	CHAIRMAN	2.00	Officer Director	$0	$0	$0
CHRIS HAUSER	DIRECTOR	2.00	Director	$0	$0	$0
TERRY HEMMINGS	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
ZANE KING	DIRECTOR	2.00	Director	$0	$0	$0
ED LEONARD	DIRECTOR	2.00	Officer Director	$0	$0	$0
MICHAEL MILLER	TREASURER	2.00	Officer Director	$0	$0	$0
ROY MORGAN	CHAIRMAN	2.00	Officer Director	$0	$0	$0
MICHAEL PUGH	DIRECTOR	2.00	Director	$0	$0	$0
BILL REEVES	DIRECTOR	2.00	Director	$0	$0	$0
ROD RILEY	SECRETARY	2.00	Officer Director	$0	$0	$0
BRYANT SCOTT	DIRECTOR	2.00	Director	$0	$0	$0
AL SKOP	DIRECTOR	2.00	Director	$0	$0	$0
TIA A SMITH	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
MIKE SNIDER	DIRECTOR	2.00	Director	$0	$0	$0
CHASE SWAYZE	DIRECTOR	2.00	Director	$0	$0	$0
ZACH WAMP	GMA FDTN CHA	2.00	Officer 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	$5,447,645	$2,394,689	$3,773,429	$3,052,956
2023	$1,883,222	$1,834,646	$1,094,185	$48,576
2023	$876,591	$1,269,772	$718,328	$-393,181
2022	$1,633,730	$1,316,962	$929,152	$316,768
2021	$1,239,208	$699,974	$612,384	$539,234
2020	$858,901	$992,715	$73,150	$-133,814
2019	$1,132,309	$1,078,475	$206,987	$53,834
2018	$972,842	$843,753	$211,539	$129,089

GOSPEL MUSIC ASSOCIATION TRADE ORGANZIATION