Great Gulfcoast Arts Festival Inc (EIN 592884632) - 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

1972

Legal Domicile

Principal Officer

Candace Culver

Phone

7069057331

Tax Period

2025-01-01 to 2025-12-31

Great Gulfcoast Arts Festival Inc, founded in 1972, is a small nonprofit in the Arts, Culture & Humanities sector that reported $276K in total revenue in fiscal year 2025. Revenue decreased 8% compared to the prior year.

Mission

The purpose of our organization is to put on a high quality arts festival for the Northwest Florida area. The festival occurs the first weekend of November and runs for 3 days. (Continued on Sch O)

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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 (2025)

Revenue Breakdown

Contributions & Grants $106,796

Program Service Revenue $118,582

Investment Income $104

Other Revenue $50,162

TOTAL REVENUE $275,644

Expense Breakdown

Grants Paid $38,650

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $256,352

Other Expenses $240,208

TOTAL EXPENSES $278,858

Year-over-Year Comparison

	2025	2024	Change
Revenue	$275,644	$300,880	-0.1%
Expenses	$278,858	$296,154	-0.1%
Net Income	$-3,214	$4,726	-1.7%

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

N/A

Volunteers

200

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
Kathy Dunagan	President	15.00	Officer	$0	$0	$0
Jay Gazani	Vice President	10.00	Officer	$0	$0	$0
Candace Culver	Treasurer	10.00	Officer	$0	$0	$0
Anna Dyess	Secretary	4.00	Officer	$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	$275,644	$278,858	$148,526	$-3,214
2024	No data	No data	No data	No data
2023	$299,284	$261,181	$141,153	$38,103
2022	$259,945	$286,049	$108,913	$-26,104
2021	$191,772	$193,250	$134,325	$-1,478
2019	$197,617	$197,670	$134,672	$-53
2018	$184,611	$188,590	$134,995	$-3,979

Great Gulfcoast Arts Festival Inc