GREATER ANDERSON MUSICAL ARTS CONS… - Form 990 Financial Data

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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

1991

Legal Domicile

Principal Officer

KYLIE HERBERT

Phone

8642316147

Tax Period

2024-07-01 to 2025-06-30

GREATER ANDERSON MUSICAL ARTS CONSORTIUM, founded in 1991, is a small nonprofit in the Arts, Culture & Humanities sector that reported $220K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

GAMAC IS AN ORGANIZATION COMMITTED TO THE VERY BEST IN COMMUNITY MUSICAL PERFORMING ARTS AND EDUCATION. FROM THE PROFESSIONAL ARTIST AND THE TALENTED AVOCATIONAL ARTIST, TO THE GIFTED AND TALENTED YOUTH OF OUR AREA, GAMAC SEEKS TO DEVELOP THEIR TALENT AND SHOWCASE THEM FOR THE PUBLIC. GAMAC?S CONCERT SERIES PROVIDES HIGH QUALITY CULTURAL EXPERIENCES FOR THE COMMUNITY AND A FORUM FOR EXCELLENCE FOR OUR PERFORMERS, ENRICHING THE QUALITY OF LIFE IN THE ANDERSON AREA.

Program Service Accomplishments

Program 1

Expenses: $130,613 Revenue: $43,130

THE GREATER ANDERSON MUSICAL ARTS CONSORTIUM, INC. IS A NON-PROFIT, TAX EXEMPT, MUSICAL PERFORMING ARTS AND EDUCATIONAL ORGANIZATION SERVING THE ANDERSON, SC COMMUNITY AND THE SURROUNDING AREA. WITH A MISSION TO PROVIDE HIGH QUALITY CULTURAL EXPERIENCES THAT ENRICH THE QUALITY OF LIFE IN THE ANDERSON AREA, GAMAC IS A UNIQUE BLEND OF MUSIC PROFESSIONALS AND LOCAL VOLUNTEERS WHO STRIVE TO BRING A VITAL ARTISTIC AWARENESS AND SERVICE TO THE COMMUNITY. CONSISTING OF NINE CONSTITUENT ENSEMBLES, GAMAC PRESENTS THREE ANNUAL CONCERT SERIES: MASTERWORKS, ANDERSON SYMPHONY ORCHESTRA AND THE YOUTH SERIES. GOVERNED BY A BOARD OF DIRECTORS, GAMAC RELIES ON ANNUAL FUNDING FROM INDIVIDUALS, CORPORATIONS, LOCAL BUSINESSES AND TICKET SALES TO FUND ITS OPERATING EXPENSES. ADDITIONAL FUNDING FROM PRIVATE FOUNDATIONS, LOCAL AND STATE GRANTS ALSO FUND A PORTION OF EXPENSES.

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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 $155,998

Program Service Revenue $43,130

Investment Income $11

Other Revenue $20,480

TOTAL REVENUE $219,619

Expense Breakdown

Grants Paid $0

Salaries & Benefits $123,839

Fundraising Expenses $43,552

Program Expenses $130,613

Other Expenses $103,274

TOTAL EXPENSES $227,113

Year-over-Year Comparison

	2024	2023	Change
Revenue	$219,619	$174,746	+0.3%
Expenses	$227,113	$218,914	+0.0%
Net Income	$-7,494	$-44,168	-0.8%

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

150

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT RAINEY	BOARD MEMBER	0.50	Director	$0	$0	$0
JENNA GALYEAN	BOARD MEMBER	0.50	Director	$0	$0	$0
WILLIAM MANSON	TREASURER	0.50	Officer Director	$0	$0	$0
MARGARET HERNDON	EVENTS COMMITTEE CHAIR	0.50	Director	$0	$0	$0
BEN HURSEY	BOARD MEMBER	0.50	Director	$0	$0	$0
DALE ELLENBURG	BOARD MEMBER	0.50	Director	$0	$0	$0
SALLY WIMBERLY	BOARD MEMBER	0.50	Director	$0	$0	$0
LUTHER HILL	BOARD MEMBER	0.50	Director	$0	$0	$0
ELAINE REIMELS	BOARD MEMBER	0.50	Director	$0	$0	$0
SHAWN MCGEE	BOARD MEMBER	0.50	Director	$0	$0	$0
ANDREW HEAD	BOARD MEMBER	0.50	Director	$0	$0	$0
DAVID PRESSLEY	PRESIDENT	0.50	Officer Director	$0	$0	$0
MARSHALL HOBSON	BOARD MEMBER	0.50	Director	$0	$0	$0
RAY MCGEE	BOARD MEMBER	0.50	Director	$0	$0	$0
DESIREE WERTH	BOARD MEMBER	0.50	Director	$0	$0	$0
MEGGIN HAMILTON	SECRETARY	0.50	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
2025	$219,619	$227,113	$112,536	$-7,494
2024	$174,746	$218,914	$107,657	$-44,168
2023	$156,439	$203,376	$128,988	$-46,937
2022	$240,082	$183,403	$162,560	$56,679
2021	$163,751	$117,288	$112,191	$46,463
2020	$239,257	$198,469	$77,185	$40,788
2019	$211,594	$204,756	$38,392	$6,838

GREATER ANDERSON MUSICAL ARTS CONSORTIUM