GOERING CENTER FOR FAMILY & PRIVATE BUSINESS

EIN: 311788609 501(c)(3) Education

CINCINNATI, OH

Total Revenue
$1,554,738
Total Expenses
$1,370,687
Total Assets
$2,061,837
Net Assets
$1,959,277
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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
2001
Legal Domicile
OH
Principal Officer
CAROL BUTLER
Phone
5135567185
Tax Period
2024-07-01 to 2025-06-30

GOERING CENTER FOR FAMILY & PRIVATE BUSINESS, founded in 2001, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 12% surplus.

Mission

TO NURTURE AND EDUCATE FAMILY AND PRIVATE BUSINESSES TO DRIVE A VIBRANT ECONOMY.

Program Service Accomplishments

Program 1
Expenses: $74,420 Revenue: $196,000

OPERATE THE LEADERSHIP DEVELOPMENT INSTITUTE WHICH PROVIDES INSTRUCTION TO FAMILY BUSINESS EXECUTIVES ON IMPROVING THEIR LEADERSHIP SKILLS.

Program 2
Expenses: $33,973 Revenue: $57,075

PROVIDE MONTHLY EDUCATIONAL SEMINARS THAT DEAL WITH THE UNIQUE ISSUES FACING FAMILY AND CLOSELY HELD BUSINESSES. PROVIDE SPEAKERS AND MENTORING PROGRAMS.

Program 3
Expenses: $45,955 Revenue: $84,500

OPERATE THE NEXT GENERATION INSTITUTE WHICH IS A TEN MONTH PROGRAM PREPARING THE NEXT GENERATION OF FAMILY BUSINESS TO MANAGE THEIR FAMILY'S FIRM.

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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 $747,500
Program Service Revenue $753,005
Investment Income $92,060
Other Revenue $-37,827
TOTAL REVENUE $1,554,738

Expense Breakdown

Grants Paid $0
Salaries & Benefits $877,801
Fundraising Expenses $0
Program Expenses $1,238,164
Other Expenses $492,886
TOTAL EXPENSES $1,370,687

Year-over-Year Comparison

2024 2023 Change
Revenue $1,554,738 $1,285,235 +0.2%
Expenses $1,370,687 $1,395,343 0.0%
Net Income $184,051 $-110,108 -2.7%
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
13
Independent Members
12
Employees
14
Volunteers
190

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
3
$160,397
Total Directors
13
$160,397
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AARON HANSEN CHAIR, DIRECTOR 2.00
Officer Director
$0 $0 $0
CAROL BUTLER PRESIDENT, DIRECTOR 40.00
Officer Director
$160,397 $0 $160,397
DAN BARNETT DIRECTOR 2.00
Director
$0 $0 $0
JIM SAMOCKI DIRECTOR 2.00
Director
$0 $0 $0
JONATHAN ADAMS VICE CHAIR 2.00
Officer Director
$0 $0 $0
KELLY BONNELL DIRECTOR 2.00
Director
$0 $0 $0
LAURENCE JONES DIRECTOR 2.00
Director
$0 $0 $0
LAURENS STEED DIRECTOR 2.00
Director
$0 $0 $0
LEWIS WAITT DIRECTOR 2.00
Director
$0 $0 $0
MARIANNE LEWIS DIRECTOR 2.00
Director
$0 $0 $0
SARAH GRACE MOHR DIRECTOR 2.00
Director
$0 $0 $0
SUSAN GOERING HILL DIRECTOR 2.00
Director
$0 $0 $0
TARA HALPIN DIRECTOR 2.00
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
2025 $1,554,738 $1,370,687 $2,061,837 $184,051
2024 $1,285,235 $1,395,343 $1,805,300 $-110,108
2023 $1,699,908 $1,471,894 $1,758,553 $228,014
2022 $1,920,451 $1,368,475 $1,878,778 $551,976
2021 $1,214,022 $1,177,722 $1,952,501 $36,300
2020 $1,389,649 $1,248,525 $1,742,806 $141,124
2019 $1,324,572 $1,296,863 $1,448,109 $27,709
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