PANAMA CITY ADVANCED SCHOOL (EIN 593321453) - 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

1999

Legal Domicile

Principal Officer

RASHID KARAMAN

Phone

8507842520

Tax Period

2025-01-01 to 2025-12-31

PANAMA CITY ADVANCED SCHOOL, founded in 1999, is a community nonprofit in the Education sector that reported $2.3M in total revenue in fiscal year 2025. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $476K, a strong 21% operating margin.

Mission

TO PROVIDE AN EXCELLENT EDUCATION FOR STUDENTS

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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 $249,613

Program Service Revenue $1,947,333

Investment Income $59,802

Other Revenue $47,320

TOTAL REVENUE $2,304,068

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $1,222,995

Fundraising Expenses $0

Program Expenses $1,827,704

Other Expenses $594,709

TOTAL EXPENSES $1,827,704

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,304,068	$2,570,399	-0.1%
Expenses	$1,827,704	$1,617,622	+0.1%
Net Income	$476,364	$952,777	-0.5%

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

$73,638

Total Directors

$73,638

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RASHID KARAMAN	DIRECTOR	40.00	Officer Director	$73,638	$0	$73,638
MOHAMMED YAHIA ABDULE-RAHIM	MEMBER	1.00	Director	$0	$0	$0
RIYAD ALBIBI MD	PRESIDENT	1.00	Officer Director	$0	$0	$0
HASHEM MUBARAK	MEMBER	1.00	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	$2,304,068	$1,827,704	$3,761,126	$476,364
2024	$2,570,399	$1,617,622	$3,284,762	$952,777
2023	$1,845,838	$1,449,053	$2,442,716	$396,785
2022	$1,302,223	$1,193,083	$2,045,931	$109,140
2021	$1,346,709	$1,131,450	$1,936,791	$215,259
2020	$1,379,069	$1,193,884	$1,721,532	$185,185
2019	$1,238,786	$1,119,722	$1,536,347	$119,064
2018	$1,107,610	$1,563,025	$1,417,283	$-455,415

PANAMA CITY ADVANCED SCHOOL