Schwaben Verein of Chicago (EIN 361746442) - Form 990 Financial Analysis & Trantor Score

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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

1972

Legal Domicile

Principal Officer

GEORGE BOEHM

Phone

8478940052

Tax Period

2024-01-01 to 2024-12-31

Schwaben Verein of Chicago, founded in 1972, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $18K in total revenue in fiscal year 2024. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $58K exceeded revenue, resulting in a 215% operating deficit.

Mission

TO MAKE DISTIBUTIONS TO 501C3 ORGANIZATIONS THAT GENERALLY DEDICATE SOME OF THEIR EFFORTS TO THE SUPPORT AND ADVANCEMENT OF 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,196

Program Service Revenue $3,251

Investment Income $11,696

Other Revenue $350

TOTAL REVENUE $18,493

Expense Breakdown

Grants Paid $29,380

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $40,617

Other Expenses $28,834

TOTAL EXPENSES $58,214

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,493	$48,701	-0.6%
Expenses	$58,214	$89,436	-0.3%
Net Income	$-39,721	$-40,735	0.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN OPTIZ	TREASURER	2.00	Officer Director	$0	$0	$0
JOE ARNOLD	CORRESPONDING SEC	2.00	Officer Director	$0	$0	$0
JOE ARNOLD	RECORDING SEC	2.00	Officer Director	$0	$0	$0
GEORGE BOEHM	PRESIDENT	2.00	Officer Director	$0	$0	$0
HARRY VIZATHUM	VICE PRESIDENT	2.00	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	$18,493	$58,214	$355,757	$-39,721
2023	$48,701	$89,436	$395,478	$-40,735
2022	$70,159	$72,910	$436,213	$-2,751
2021	$75,956	$67,465	$438,964	$8,491
2020	$46,460	$35,592	$430,473	$10,868

Schwaben Verein of Chicago