SCHWABEN VEREIN GERMAN AMERICAN SOCIAL CLUB

EIN: 208252968 Recreation & Sports

Chicago, IL

Total Revenue
$2,538
Total Expenses
$3,222
Total Assets
$92,209
Net Assets
$92,209
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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
2008
Legal Domicile
IL
Principal Officer
GEORGE BOEHM
Phone
8478940052
Tax Period
2024-01-01 to 2024-12-31

SCHWABEN VEREIN GERMAN AMERICAN SOCIAL CLUB, founded in 2008, is a micro nonprofit in the Recreation & Sports sector that reported $3K in total revenue in fiscal year 2024. Revenue surged 61% from the prior year, signaling strong growth momentum. Expenses of $3K exceeded revenue, resulting in a 27% operating deficit.

Mission

TO CONTINUE TO REMEMBER AND PROMOTE GERMAN AMERICAN CUSTOMS, CELEBRATIONS AND HERITAGE THROUGHOUT THE YEAR BY PARTICIPATING IN HISTORICAL CULTURAL EVENTS AND ACTIVITIES

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $2,538
Other Revenue $0
TOTAL REVENUE $2,538

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,650
Fundraising Expenses $0
Other Expenses $1,572
TOTAL EXPENSES $3,222

Year-over-Year Comparison

2024 2023 Change
Revenue $2,538 $1,573 +0.6%
Expenses $3,222 $4,014 -0.2%
Net Income $-684 $-2,441 -0.7%
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

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Governance

Voting Members
204
Independent Members
204
Employees
N/A
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
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOE ARNOLD SECRETARY 2.00
Officer
$0 $0 $0
JOE ARNOLD REC SEC 2.00
Officer
$0 $0 $0
GEORGE BOEHM PRESIDENT 2.00
Officer
$0 $0 $0
BRYAN OPTIZ TREASURER 2.00
Officer
$0 $0 $0
HARRY VIZATHUM VICE PRESIDENT 2.00
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 $2,538 $3,222 $92,209 $-684
2023 $1,573 $4,014 $92,893 $-2,441
2022 $10,028 $3,038 $95,334 $6,990
2021 $2,585 $3,600 $88,344 $-1,015
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