PANAMA CITY COMMUNITY DEVELOPMENT COUNCI (EIN 472585362) - 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

2011

Legal Domicile

Principal Officer

JENNIFER VIGIL

Phone

8502151700

Tax Period

2023-10-01 to 2024-09-30

PANAMA CITY COMMUNITY DEVELOPMENT COUNCI, founded in 2011, is a community nonprofit in the Community Improvement sector that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $2.1M left a modest 14% surplus.

Mission

TO PROMOTE A POSITIVE IMAGE FOR PANAMA CITY INCREASE TOURISM AND COORDINATE THE MARKETING EFFORTS OF THE TOTAL TOURISM COMMUNITY

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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 $0

Program Service Revenue $2,394,476

Investment Income $5,608

Other Revenue $14,261

TOTAL REVENUE $2,414,345

Expense Breakdown

Grants Paid $0

Salaries & Benefits $456,573

Fundraising Expenses $0

Program Expenses $2,078,803

Other Expenses $1,622,230

TOTAL EXPENSES $2,078,803

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,414,345	$1,987,230	+0.2%
Expenses	$2,078,803	$1,871,059	+0.1%
Net Income	$335,542	$116,171	+1.9%

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

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

$140,882

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NIRAV BANKER	CHAIRMAN	5.00	Director	$0	$0	$0
MICHAEL ROHAN	DIRECTOR	5.00	Director	$0	$0	$0
JANICE LUCAS	DIRECTOR	5.00	Director	$0	$0	$0
JENNA HALIGAS	DIRECTOR	5.00	Director	$0	$0	$0
BRIAN GRAINGER	DIRECTOR	5.00	Director	$0	$0	$0
JOSHUA STREET	DIRECTOR	5.00	Director	$0	$0	$0
JEAN CAPPS	DIRECTOR	5.00	Director	$0	$0	$0
JENNIFER VIGIL	CEO/PRESIDENT	40.00	Officer	$140,882	$0	$140,882

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	$2,414,345	$2,078,803	$2,616,787	$335,542
2023	$1,987,230	$1,871,059	$2,442,791	$116,171
2022	$1,990,642	$1,862,613	$2,088,167	$128,029
2021	$2,318,019	$973,327	$1,969,227	$1,344,692
2020	$863,346	$902,607	$545,706	$-39,261
2019	$1,043,357	$913,316	$375,919	$130,041
2018	$1,413,500	$1,372,012	$240,102	$41,488

PANAMA CITY COMMUNITY DEVELOPMENT COUNCI