GERMAN-AMERICAN SCHOLARSHIP ASSOCI… - 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

1970

Legal Domicile

Principal Officer

BARBARA ELLING

Phone

6466724350

Tax Period

2023-11-01 to 2024-10-31

GERMAN-AMERICAN SCHOLARSHIP ASSOCIATION INC, founded in 1970, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $96K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $141K exceeded revenue, resulting in a 46% operating deficit.

Mission

THE MISSION OF THE GERMAN-AMERICAN SCHOLARSHIP ASSOCIATION INC. IS TO ENHANCE AND STRENGTHEN GERMAN-AMERICAN RELATIONSHIPS THROUGH EDUCATION AND TRANSATLANTIC ACADEMIC AND CULTURAL EXCHANGE.

Program Service Accomplishments

Program 1

Expenses: $127,556

THE ORGANIZATION SUPPORTED IN THE TAX YEAR ENDING OCTOBER 31, 2024, FOUR DIFFERENT TRANSATLANTIC SCHOLARSHIP PROGRAMS. 1.THE GSA AWARDED STIPENDS TO FOUR PHD STUDENTS, ENROLLED AT U.S. UNIVERSITIES, FOR A YEARLONG RESEARCH PROGRAM IN GERMANY. THIS IS A COLLABORATION WITH THE FULBRIGHT COMMISSION (67,676). 2.THE GSA SUPPORTED TEN STUDENTS WHO RECEIVED THEIR BACHELORS DEGREES AT A GERMAN OR UKRAINIAN UNIVERSITY DURING THEIR MASTER PROGRAMS AT U.S. INSTITUTIONS WITH A SO CALLED BRIDGE STIPEND. THIS IS A COLLABORATION WITH THE INSTITUTE OF INTERNATIONAL EDUCATION (IIE) (30,000). 3.THE GSA FINANCED CONTINUING EDUCATION COURSES AT HEIDELBERG UNIVERSITY FOR TWO NON-NATIVE GERMAN TEACHERS AT U.S. UNIVERSITIES AND HIGH SCHOOLS. THIS IS A COLLABORATION WITH HEIDELBERG UNIVERSITY, GERMANY (1,880). 4.IN COLLABORATION WITH COLUMBIA UNIVERSITY, THE GSA ENABLED TEN STUDENTS FROM COLUMBIA UNIVERSITY TO SUCCESSFULLY COMPLETE SUMMER PROGRAMS FOR GERMAN LANGUAGE AND CULTURE AT FREIE UNIVERSITT IN BERLIN (18,000). THE GSA MADE A SPONSORSHIP DONATION TO THE LIEDERKRANZ FOUNDATION (10,000).

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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 (2023)

Revenue Breakdown

Contributions & Grants $185,156

Program Service Revenue $0

Investment Income $4,779

Other Revenue $-93,540

TOTAL REVENUE $96,395

Expense Breakdown

Grants Paid $127,556

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $127,556

Other Expenses $13,226

TOTAL EXPENSES $140,782

Year-over-Year Comparison

	2023	2022	Change
Revenue	$96,395	$76,237	+0.3%
Expenses	$140,782	$103,652	+0.4%
Net Income	$-44,387	$-27,415	+0.6%

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
BARBARA ELLING	PRESIDENT	5.00	Officer Director	$0	$0	$0
L FRIEDRICH PFEIFER	TREASURER	2.00	Officer Director	$0	$0	$0
REINHARD AUGUSTIN	DIRECTOR	2.00	Director	$0	$0	$0
HEIDE HERZ	DIRECTOR	1.00	Director	$0	$0	$0
IRMINTRAUD JOST	DIRECTOR	5.00	Director	$0	$0	$0
SUSANNE VON TURK	DIRECTOR	1.00	Director	$0	$0	$0
DOROTHEA VON MUCKE	DIRECTOR	1.00	Director	$0	$0	$0
JEAN-BAPTISTE KRESSER	DIRECTOR	5.00	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
2024	$96,395	$140,782	$462,099	$-44,387
2023	$76,237	$103,652	$482,358	$-27,415
2022	$94,936	$95,232	$504,283	$-296
2021	$44,766	$68,797	$522,282	$-24,031
2020	$94,132	$29,126	$526,888	$65,006
2019	$271,970	$243,497	$458,377	$28,473
2018	$219,692	$233,904	$428,996	$-14,212
2017	$530,045	$185,326	$438,207	$344,719

GERMAN-AMERICAN SCHOLARSHIP ASSOCIATION INC