German Central Foundation

EIN: 341897595 501(c)(3) Community Improvement

Parma, OH

Total Revenue
$180,137
Total Expenses
$110,848
Total Assets
$500,072
Net Assets
$499,927
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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
1999
Legal Domicile
OH
Phone
4405701143
Tax Period
2023-01-01 to 2023-12-31

German Central Foundation, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $180K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $69K, a strong 38% operating margin.

Mission

To Promote the German Culture

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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 (2023)

Revenue Breakdown

Contributions & Grants $11,980
Program Service Revenue $0
Investment Income $21
Other Revenue $168,136
TOTAL REVENUE $180,137

Expense Breakdown

Grants Paid $2,540
Salaries & Benefits $43,025
Fundraising Expenses $0
Program Expenses $4,702
Other Expenses $63,121
TOTAL EXPENSES $110,848

Year-over-Year Comparison

2023 2022 Change
Revenue $180,137 $160,027 +0.1%
Expenses $110,848 $94,583 +0.2%
Net Income $69,289 $65,444 +0.1%
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
9
Independent Members
9
Employees
1
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
4
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Leonard May President 20.00
Officer Director
$0 $0 $0
Dan Roberts Vice President 20.00
Officer Director
$0 $0 $0
Marilyn Zaman Secretary 20.00
Officer
$0 $0 $0
Helmut Sems Treasurer 20.00
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 No data No data No data No data
2023 $180,137 $110,848 $500,072 $69,289
2022 $160,027 $94,583 $433,544 $65,444
2021 $137,492 $140,005 $322,618 $-2,513
2020 $132,837 $149,203 $325,131 $-16,366
2019 $305,988 $206,646 $326,828 $99,342
2018 $257,898 $231,877 $263,714 $26,021
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