GERMAN AMERICAN CHAMBER OF COMMERCE OF THE MIDWEST INC

EIN: 362512921

CHICAGO, IL

Total Revenue
$11,735,330
Total Expenses
$12,306,739
Total Assets
$9,889,612
Net Assets
$2,797,036
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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
1963
Legal Domicile
IL
Principal Officer
MARK TOMKINS
Phone
3126442662
Tax Period
2023-01-01 to 2023-12-31

GERMAN AMERICAN CHAMBER OF COMMERCE OF THE MIDWEST INC, founded in 1963, is a community nonprofit that reported $9.3M in total revenue in fiscal year 2018. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $8.9M left a modest 5% surplus.

Mission

TO FURTHER, PROMOTE, IMPROVE AND EXPAND TRADE BETWEEN GERMANY AND THE UNITED STATES OF AMERICA.

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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 $1,217,980
Program Service Revenue $9,970,480
Investment Income $59,789
Other Revenue $487,081
TOTAL REVENUE $11,735,330

Expense Breakdown

Grants Paid $500,000
Salaries & Benefits $5,048,427
Fundraising Expenses $0
Other Expenses $6,758,312
TOTAL EXPENSES $12,306,739

Year-over-Year Comparison

2023 2022 Change
Revenue $11,735,330 $11,013,625 +0.1%
Expenses $12,306,739 $10,732,817 +0.1%
Net Income $-571,409 $280,808 -3.0%
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

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Governance

Voting Members
31
Independent Members
28
Employees
85
Volunteers
20

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
$706,547
Total Directors
31
$706,547
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK TOMKINS PRESIDENT & 40.00
Officer Director
$280,241 $23,577 $303,818
MATTHEW WALLACE TREASURER 40.00
Officer Director
$161,414 $32,142 $193,556
MARIO KRATSCH VICE PRESIDE 40.00
Officer Director
$178,195 $30,978 $209,173
UWE SCHOBERTH VICE CHAIRMA 1.00
Officer Director
$0 $0 $0
MATTHIAS AMBERG CHAIRMAN 1.00
Officer Director
$0 $0 $0
DAVE NISSEN DIRECTOR 1.00
Director
$0 $0 $0
AMBASSADOR JD BINDENAGEL DIRECTOR 1.00
Director
$0 $0 $0
CHRISTIANE BOCK DIRECTOR 1.00
Director
$0 $0 $0
W DAVID BRAUN DIRECTOR 1.00
Director
$0 $0 $0
CHRISTINE SCHULDERS DIRECTOR 1.00
Director
$0 $0 $0
MARK DENZLER DIRECTOR 1.00
Director
$0 $0 $0
PETER EINSLE DIRECTOR 1.00
Director
$0 $0 $0
STEFAN HEFFNER DIRECTOR 1.00
Director
$0 $0 $0
WES SABER DIRECTOR 1.00
Director
$0 $0 $0
MARKUS HILLER DIRECTOR 1.00
Director
$0 $0 $0
OWEN JOHNSTON DIRECTOR 1.00
Director
$0 $0 $0
PETER KAMPS DIRECTOR 1.00
Director
$0 $0 $0
RALF KIMMEL DIRECTOR 1.00
Director
$0 $0 $0
PETER RIEHLE DIRECTOR 1.00
Director
$0 $0 $0
SUSANNE LEMAINE DIRECTOR 1.00
Director
$0 $0 $0
MANUEL MERKT DIRECTOR 1.00
Director
$0 $0 $0
DIETER SCHMITZ DIRECTOR 1.00
Director
$0 $0 $0
TIMO REHBOCK DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL E RICHTER DIRECTOR 1.00
Director
$0 $0 $0
MATTHIAS STEGMULLER DIRECTOR 1.00
Director
$0 $0 $0
JAMES W SCHOLLETT DIRECTOR 1.00
Director
$0 $0 $0
MARKUS SCHYBOLL DIRECTOR 1.00
Director
$0 $0 $0
GEOFFREY SOMARY DIRECTOR 1.00
Director
$0 $0 $0
MARK ZUMDOHME DIRECTOR 1.00
Director
$0 $0 $0
MEHDI BENTANFOUS DIRECTOR 1.00
Director
$0 $0 $0
KATJA GARVEY DIRECTOR 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
2024 No data No data No data No data
2023 $11,735,330 $12,306,739 $9,889,612 $-571,409
2022 $11,013,625 $10,732,817 $9,444,725 $280,808
2021 $9,672,106 $9,107,615 $9,537,423 $564,491
2020 $6,440,040 $6,950,562 $8,031,299 $-510,522
2019 $10,079,706 $9,696,297 $9,996,174 $383,409
2018 $9,345,880 $8,869,163 $5,425,700 $476,717
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