Transylvanian Saxon Sick Beneficial Society

EIN: 386067441 501(c)(3)

Holly, MI

Total Revenue
$17,539
Total Expenses
$62,419
Total Assets
$267,952
Net Assets
$64,580
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1913
Legal Domicile
MI
Principal Officer
Susanna Fleischer
Phone
8106941860
Tax Period
2023-01-01 to 2023-12-31

Transylvanian Saxon Sick Beneficial Society, founded in 1913, is a micro nonprofit that reported $18K in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $62K exceeded revenue, resulting in a 256% operating deficit.

Mission

To foster, preserve, maintain the Transylvanian Saxon Culture and History for the benefit of the members of the Society and to the public. To support non-profit tax exempt organizations whose purpose is to foster, preserve, maintain the German-Ethnic Cultures and Histories for the benefit of the public. To foster and cultivate the social, educational and business relations of the members; to broaden their interests in the pursuit of their occupations and professions; and to improve their standards of efficiency and productivity.

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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 $0
Program Service Revenue $0
Investment Income $9,710
Other Revenue $7,829
TOTAL REVENUE $17,539

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $62,419
Other Expenses $62,419
TOTAL EXPENSES $62,419

Year-over-Year Comparison

2023 2022 Change
Revenue $17,539 $27,429 -0.4%
Expenses $62,419 $23,251 +1.7%
Net Income $-44,880 $4,178 -11.7%
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

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
68

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
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Susanna Fleischer President 2.00
Officer Director
$0 $0 $0
Susanna Wilburn Treasurer 0.50
Officer Director
$0 $0 $0
Katharina Breckner Director 0.50
Director
$0 $0 $0
George Breckner Director 0.50
Director
$0 $0 $0
Ingrid Weihs Ferguson Vice President/Financial Secretary 0.50
Officer Director
$0 $0 $0
Trudy Kalvin Secretary 0.50
Director
$0 $0 $0
Debbie Ferguson 2nd Vice President 0.50
Director
$0 $0 $0
Katie Moody Director 0.50
Director
$0 $0 $0
Virgina Ferguson Director 0.50
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
2023 $17,539 $62,419 $267,952 $-44,880
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