PANAMA CITY MUSIC ASSOCIATION INC (EIN 597604357) - 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

1963

Legal Domicile

Principal Officer

GIGI ZIMMERMAN

Phone

8505965305

Tax Period

2024-06-01 to 2025-05-31

PANAMA CITY MUSIC ASSOCIATION INC, founded in 1963, is a small nonprofit in the Arts, Culture & Humanities sector that reported $159K in total revenue in fiscal year 2024. Expenses of $143K left a modest 10% surplus.

Mission

THE MISSION IS TO BRING THE EXCITEMENT OF CLASSICAL AND MODERN MUSIC, DANCE, OPERA, AND MUSICAL THEATRE TO THE WIDEST POSSIBLE AUDIENCE OF BAY COUNTY AND TO INCREASE THE PARTICIPATION OF YOUTH IN MUSICAL ARTS.

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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 $93,439

Program Service Revenue $43,221

Investment Income $22,267

Other Revenue $0

TOTAL REVENUE $158,927

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $137,404

Other Expenses $142,679

TOTAL EXPENSES $142,679

Year-over-Year Comparison

	2024	2023	Change
Revenue	$158,927	$162,165	0.0%
Expenses	$142,679	$147,465	0.0%
Net Income	$16,248	$14,700	+0.1%

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

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
GERRY WILSON	PAST PRESIDE	N/A	Officer Director	$0	$0	$0
GIGI ZIMMERMAN	PRESIDENT	N/A	Officer Director	$0	$0	$0
DR SUSAN BALK-KRADEL	SECRETARY	N/A	Officer Director	$0	$0	$0
SARA HEATH	TREASURER	N/A	Officer Director	$0	$0	$0
JAN COOK	MEMBERSHIP C	N/A	Director	$0	$0	$0
DAY LOGUE SWARTZ	PROGRAM CHAI	N/A	Director	$0	$0	$0
KEVIN ELLIOTT	MEMBER AT LA	N/A	Director	$0	$0	$0
KAREN FONTAINE	MEMBER AT LA	N/A	Director	$0	$0	$0
TRACY JOHNSTONE	VICE PRESIDE	N/A	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	$158,927	$142,679	$562,585	$16,248
2024	$162,165	$147,465	$526,874	$14,700
2023	$97,787	$66,835	$512,174	$30,952
2022	$115,534	$71,046	$478,305	$44,488
2021	$23,691	$33,181	$469,000	$-9,490
2020	$96,517	$75,898	$433,627	$20,619
2019	$87,634	$65,946	$410,651	$21,688

PANAMA CITY MUSIC ASSOCIATION INC