GOETHE HOUSE WISCONSIN INC

EIN: 391129390 501(c)(3) Arts, Culture & Humanities

WAUWATOSA, WI

Total Revenue
$42,578
Total Expenses
$67,281
Total Assets
$196,030
Net Assets
$196,030
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1962
Legal Domicile
WI
Principal Officer
HEINER GIESE
Phone
4142767435
Tax Period
2024-01-01 to 2024-12-31

GOETHE HOUSE WISCONSIN INC, founded in 1962, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $43K in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $67K exceeded revenue, resulting in a 58% operating deficit.

Mission

TO PROMOTE GERMAN LANGUAGE AND 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 (2024)

Revenue Breakdown

Contributions & Grants $200
Program Service Revenue $25,279
Investment Income $16,869
Other Revenue $230
TOTAL REVENUE $42,578

Expense Breakdown

Grants Paid $0
Salaries & Benefits $38,495
Fundraising Expenses $0
Program Expenses $62,475
Other Expenses $28,786
TOTAL EXPENSES $67,281

Year-over-Year Comparison

2024 2023 Change
Revenue $42,578 $31,093 +0.4%
Expenses $67,281 $63,139 +0.1%
Net Income $-24,703 $-32,046 -0.2%
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
11
Independent Members
11
Employees
6
Volunteers
12

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
$28,348
Total Directors
11
$800
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOROTHY M SMAGLICK PRESIDENT 3.00
Officer Director
$0 $0 $0
MARY ALYCE LACH SECRETARY 3.00
Officer Director
$0 $0 $0
HEINER GIESE TREASURER 3.00
Officer Director
$0 $0 $0
JOHN DIENHART DIRECTOR 3.00
Director
$0 $0 $0
FRED KELLER DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL KOCH DIRECTOR 2.00
Director
$800 $0 $800
KATHY PEDERSON DIRECTOR 2.00
Director
$0 $0 $0
NICK SEIDLER DIRECTOR 2.00
Director
$0 $0 $0
ANGELIKA HENKE DIRECTOR 2.00
Director
$0 $0 $0
CARRIE FIX DIRECTOR 2.00
Director
$0 $0 $0
LIZA KESSLER DIRECTOR 2.00
Director
$0 $0 $0
KATHERINE A JAESSING EXECUTIVE DIRECTOR 20.00
Officer
$21,506 $0 $21,506
TIMOTHY MILLER EXECUTIVE DIRECTOR 20.00
Officer
$6,842 $0 $6,842
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 $42,578 $67,281 $196,030 $-24,703
2023 $31,093 $63,139 $219,961 $-32,046
2022 $63,180 $68,433 $235,362 $-5,253
2021 $37,352 $64,147 $294,939 $-26,795
2020 $64,580 $59,446 $300,460 $5,134
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