GALVESTON ISLAND OKTOBERFEST INC

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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

1966

Legal Domicile

Phone

4097628477

Tax Period

2023-05-01 to 2024-04-30

GALVESTON ISLAND OKTOBERFEST INC, founded in 1966, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $79K in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring.

Mission

PROVIDE THE FIRST EVANGELICAL LUTHERAN CHURCH OF GALVESTON TEXAS WITH FUNDS FOR OPERATIONS AND MAINTENANCE OF THE HISTORICAL CHURCH.

Program Service Accomplishments

Program 1

Expenses: $80,359

PROVIDE OPERATING FUNDS FOR FIRST EVANGELICAL LUTHERAN CHURCH AND MAINTENANCE OF THE HISTORICAL CHURCH.MONIES EARNED WERE GIVEN TO THE CHURCH TO FURTHER THE MINISTRIES OF THE CONGREGATION WHICH...

PROVIDE OPERATING FUNDS FOR FIRST EVANGELICAL LUTHERAN CHURCH AND MAINTENANCE OF THE HISTORICAL CHURCH.MONIES EARNED WERE GIVEN TO THE CHURCH TO FURTHER THE MINISTRIES OF THE CONGREGATION WHICH INCLUDED THE DOING MORE TOGETHER STEWARDSHIP CAMPAIGN FOR THE FIRST LUTHERAN CHURCH.

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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 $21,222

Program Service Revenue $0

Investment Income $0

Other Revenue $58,202

TOTAL REVENUE $79,424

Expense Breakdown

Grants Paid $80,359

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $80,359

Other Expenses $4,949

TOTAL EXPENSES $85,308

Year-over-Year Comparison

	2023	2022	Change
Revenue	$79,424	$122,353	-0.4%
Expenses	$85,308	$117,256	-0.3%
Net Income	$-5,884	$5,097	-2.2%

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
JAMES GAINER	Chairman	5.00	Officer Director	$0	$0	$0
CATHY CARTER	Chairman	5.00	Officer Director	$0	$0	$0
CHRISTINA MUEHE	Secretary	5.00	Officer Director	$0	$0	$0
ANTHONY GRIZZAFFI	Chairman	5.00	Officer Director	$0	$0	$0
BRANDI PAINTER	Treasurer	5.00	Officer Director	$0	$0	$0
BARBARA SANDERSON	President	5.00	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
2024	$79,424	$85,308	$16,397	$-5,884
2023	$122,353	$117,256	$22,257	$5,097
2022	$45,215	$46,583	$17,184	$-1,368
2020	$76,969	$64,789	$43,915	$12,180
2019	$106,401	$92,464	$30,735	$13,937