FRIENDS OF GOETHE INC

EIN: 582198618 501(c)(3) Arts, Culture & Humanities

ATLANTA, GA

Total Revenue
$738,610
Total Expenses
$905,656
Total Assets
$157,265
Net Assets
$-6,520
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
GA
Principal Officer
OLIVER GORF
Phone
4048922388
Tax Period
2024-01-01 to 2024-12-31

FRIENDS OF GOETHE INC, founded in 1996, is a small nonprofit in the Arts, Culture & Humanities sector that reported $739K in total revenue in fiscal year 2024. Expenses of $906K exceeded revenue, resulting in a 23% operating deficit.

Mission

MISSION IS TO PROVIDE GERMAN LANGUAGE CLASSES AND GERMAN CULTURAL PROGRAMS IN ORDER TO FOSTER CULTURAL RELATIONSHIPS AND UNDERSTANDING BETWEEN THE GERMAN SPEAKING AND AMERICAN COMMUNITIES.

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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 $350,852
Program Service Revenue $381,249
Investment Income $5,279
Other Revenue $1,230
TOTAL REVENUE $738,610

Expense Breakdown

Grants Paid $0
Salaries & Benefits $482,561
Fundraising Expenses $147,569
Program Expenses $454,211
Other Expenses $423,095
TOTAL EXPENSES $905,656

Year-over-Year Comparison

2024 2023 Change
Revenue $738,610 $691,135 +0.1%
Expenses $905,656 $895,688 +0.0%
Net Income $-167,046 $-204,553 -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
8
Independent Members
8
Employees
24
Volunteers
10

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
$101,197
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTINA REBEL-OTTERBACH CHAIRPERSON OF THE BOARD 5.00
Officer Director
$0 $0 $0
DOUGLAS DUERR VICE CHAIR 5.00
Officer Director
$0 $0 $0
SABRINA TAMS TREASURER 5.00
Officer Director
$0 $0 $0
KAMILE HERBST SECRETARY 5.00
Officer Director
$0 $0 $0
DAVID WORLEY BOARD MEMBER 5.00
Director
$0 $0 $0
PATRICK SCHULTE BOARD MEMBER 1.00
Director
$0 $0 $0
TAIMUR MEHMOOD BOARD MEMBER 1.00
Director
$0 $0 $0
JACK SEMARU BOARD MEMBER 1.00
Director
$0 $0 $0
DR BRUCE ALLEN EX-OFFICIO 1.00
Director
$0 $0 $0
MELANIE MOLTMANN EX-OFFICIO 1.00
Director
$0 $0 $0
FERDINAND SEEFRIED EX-OFFICIO 0.50
Director
$0 $0 $0
PETER ZIMMERLI EX-OFFICIO 0.50
Director
$0 $0 $0
KATJA LAUTERBACH EX-OFFICIO 0.50
Director
$0 $0 $0
PATRICK WALLACE EX-OFFICIO 0.50
Director
$0 $0 $0
DR EIKE JORDAN HONORARY BOARD MEMBER 0.50
Director
$0 $0 $0
PETER KNOX V HONORARY BOARD MEMBER 0.50
Director
$0 $0 $0
RITA WUEBBELER HONORARY BOARD MEMBER 0.50
Director
$0 $0 $0
OLIVER GORF EXECUTIVE DIRECTOR 40.00
Officer
$84,248 $16,949 $101,197
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 $738,610 $905,656 $157,265 $-167,046
2023 $691,135 $895,688 $395,237 $-204,553
2022 $731,118 $679,048 $547,428 $52,070
2021 $557,862 $490,145 $351,250 $67,717
2020 $549,727 $458,280 $223,103 $91,447
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