GERMAN AMERICAN CULTURAL SOCIETY OF RHODE ISLAND (EIN 050497177) - 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

1998

Legal Domicile

Principal Officer

JEFFREY SIATKOWSKI

Phone

4017269873

Tax Period

2024-01-01 to 2024-12-31

GERMAN AMERICAN CULTURAL SOCIETY OF RHODE ISLAND, founded in 1998, is a small nonprofit in the Arts, Culture & Humanities sector that reported $207K in total revenue in fiscal year 2024.

Mission

TO ADVANCE CULTURAL KNOWLEDGE OF MEMBERS AND THE GENERAL PUBLIC.

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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 $20,151

Program Service Revenue $153,564

Investment Income $20

Other Revenue $33,138

TOTAL REVENUE $206,873

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,841

Fundraising Expenses $0

Program Expenses $194,844

Other Expenses $206,482

TOTAL EXPENSES $215,323

Year-over-Year Comparison

	2024	2023	Change
Revenue	$206,873	$216,490	0.0%
Expenses	$215,323	$193,759	+0.1%
Net Income	$-8,450	$22,731	-1.4%

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

$5,223

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
CODY REED	TREASURER	Officer	$4,761	$0	$4,761
EDELGARD KELLEHER	RECORDING SE	Officer	$462	$0	$462
FRANCIS BOYD	DIRECTOR	Director	$0	$0	$0
ANDREAS BECKER	DIRECTOR	Director	$0	$0	$0
JOSEPH FOLEY	DIRECTOR	Director	$0	$0	$0
HANS-DIETER GOMES	DIRECTOR	Director	$0	$0	$0
TOM HEELAN	DIRECTOR	Director	$0	$0	$0
SCOTT PARMENTER	DIRECTOR	Director	$0	$0	$0
JEFFREY SIATKOWSKI	PRESIDENT	Officer	$0	$0	$0
DAVID WIDMANN	2ND VICE PRE	Officer	$0	$0	$0
HOWARD WIDMANN	1ST VICE PRE	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
2024	$206,873	$215,323	$337,914	$-8,450
2023	$216,490	$193,759	$309,146	$22,731
2022	$189,925	$184,998	$283,288	$4,927
2021	$155,389	$133,835	$264,437	$21,554
2020	$88,861	$114,893	$257,475	$-26,032
2019	$184,741	$168,349	$287,690	$16,392
2018	$158,585	$174,809	$272,759	$-16,224

GERMAN AMERICAN CULTURAL SOCIETY OF RHODE ISLAND