German American Cultural Foundation Inc

EIN: 271489119 501(c)(3) Arts, Culture & Humanities

Atlanta, GA

Total Revenue
$118,123
Total Expenses
$139,883
Total Assets
$183,077
Net Assets
$183,077
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
GA
Principal Officer
Benedict Herbst
Phone
4048738612
Tax Period
2020-01-01 to 2020-12-31

German American Cultural Foundation Inc, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $118K in total revenue in fiscal year 2020. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $140K exceeded revenue, resulting in a 18% operating deficit.

Mission

Support German speaking culture in the U.S.

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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 (2020)

Revenue Breakdown

Contributions & Grants $179,760
Program Service Revenue $0
Investment Income $0
Other Revenue $-61,637
TOTAL REVENUE $118,123

Expense Breakdown

Grants Paid $120,408
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $120,408
Other Expenses $19,475
TOTAL EXPENSES $139,883

Year-over-Year Comparison

2020 2019 Change
Revenue $118,123 $190,423 -0.4%
Expenses $139,883 $94,750 +0.5%
Net Income $-21,760 $95,673 -1.2%
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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Governance

Voting Members
24
Independent Members
24
Employees
N/A
Volunteers
23

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
0
$0
Total Directors
23
$13,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dennis Wagner Vice Chairman 1.00
Director
$0 $0 $0
Juergen Gentzke Vice Chairman 1.00
Director
$0 $0 $0
Rudi Herbst Vice Chairman 1.00
Director
$0 $0 $0
Benedict Herbst Treasurer 5.00
Director
$0 $0 $0
Josip Tomasevic Chairman 1.00
Director
$0 $0 $0
Teri Simmons Secretary 1.00
Director
$0 $0 $0
Carsten Alting Asst. Secretary 1.00
Director
$0 $0 $0
Christian Bollrath Boardmember 1.00
Director
$0 $0 $0
Johannes Dorsch Boardmember 1.00
Director
$0 $0 $0
Linda Emde Boardmember 1.00
Director
$0 $0 $0
Wolfgang Hartert Boardmember 1.00
Director
$0 $0 $0
Eike Jordan Boardmember 1.00
Director
$0 $0 $0
Warren Colter Boardmember 1.00
Director
$0 $0 $0
Andreas Droege Boardmember 1.00
Director
$0 $0 $0
Ben Gibson Boardmember 1.00
Director
$0 $0 $0
Peter Halpaus Boardmember 1.00
Director
$0 $0 $0
Thierry Kartochian Boardmember 1.00
Director
$0 $0 $0
David C Peterson Boardmember 1.00
Director
$0 $0 $0
Christina Rebel-Otterbach Boardmember 1.00
Director
$0 $0 $0
Christian Treiber Boardmember 1.00
Director
$0 $0 $0
Joerg Starkman Boardmember 1.00
Director
$0 $0 $0
Sabine Genet Executive director 30.00
Director
$13,500 $0 $13,500
Christian Halpaus Boardmember 1.00
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
2020 $118,123 $139,883 $183,077 $-21,760
2019 $190,423 $94,750 $210,836 $95,673
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