GERMAN AMERICAN CHAMBER OF COMMERCE OF THE SOUTHERN UNITED STATES INC

EIN: 582203456 Community Improvement

ATLANTA, GA

Total Revenue
$3,884,230
Total Expenses
$3,781,239
Total Assets
$3,649,561
Net Assets
$1,674,016
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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
1995
Legal Domicile
GA
Principal Officer
MATTHIAS HOFFMANN
Phone
4045866800
Tax Period
2023-01-01 to 2023-12-31

GERMAN AMERICAN CHAMBER OF COMMERCE OF THE SOUTHERN UNITED STATES INC, founded in 1995, is a community nonprofit in the Community Improvement sector that reported $3.9M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

To support, promote, and maximize trade and investment relationships between the Federal Republic of Germany and the southern United States.

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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 $3,875,222
Investment Income $-17,030
Other Revenue $26,038
TOTAL REVENUE $3,884,230

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,205,643
Fundraising Expenses $0
Other Expenses $1,575,596
TOTAL EXPENSES $3,781,239

Year-over-Year Comparison

2023 2022 Change
Revenue $3,884,230 $3,332,567 +0.2%
Expenses $3,781,239 $3,206,030 +0.2%
Net Income $102,991 $126,537 -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
29
Independent Members
28
Employees
32
Volunteers
40

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
6
$347,310
Total Directors
29
$188,672
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHIAS ALEXANDER HOFFMANN PRESIDENT/CEO 50.0
Officer Director
$174,933 $13,739 $188,672
BEATE STAGNET CFO 45.0
Officer
$135,734 $22,904 $158,638
CRISPIN TEUFEL CHAIRMAN 1.0
Officer Director
$0 $0 $0
STEVEN MARKHAM VICE CHAIRMAN 1.0
Officer Director
$0 $0 $0
GERRIT ZWERGEL TREASURER 1.0
Officer Director
$0 $0 $0
TERI SIMMONS SECRETARY 1.0
Officer Director
$0 $0 $0
KIRK ATKINSON DIRECTOR 0.5
Director
$0 $0 $0
TOBIAS BRUEGGER DIRECTOR 0.5
Director
$0 $0 $0
DR HENNING BRUNS DIRECTOR 0.5
Director
$0 $0 $0
STEFAN CASPARI DIRECTOR 0.5
Director
$0 $0 $0
WARREN COLTER DIRECTOR 0.5
Director
$0 $0 $0
MANUELE D'AVERSA DIRECTOR 0.5
Director
$0 $0 $0
JONATHAN DAWLEY DIRECTOR 0.5
Director
$0 $0 $0
DR ROBERT ENGELHORN DIRECTOR 0.5
Director
$0 $0 $0
MICHAEL GOEBEL DIRECTOR 0.5
Director
$0 $0 $0
RONALD GROSSE DIRECTOR 0.5
Director
$0 $0 $0
DR KJELL GRUNER DIRECTOR 0.5
Director
$0 $0 $0
CHRISTIAN HALPAUS DIRECTOR 0.5
Director
$0 $0 $0
SONJA HEINRICH DIRECTOR 0.5
Director
$0 $0 $0
DR MICHAEL JACQUORIE DIRECTOR 0.5
Director
$0 $0 $0
DR UDO LANGE DIRECTOR 0.5
Director
$0 $0 $0
MARC MERRILL DIRECTOR 0.5
Director
$0 $0 $0
LARS OLTMANNS DIRECTOR 0.5
Director
$0 $0 $0
DIMITRIS PSILLAKIS DIRECTOR 0.5
Director
$0 $0 $0
MIRKO SCHUEPPEL DIRECTOR 0.5
Director
$0 $0 $0
ARNOLD SERVO DIRECTOR 0.5
Director
$0 $0 $0
BURKHARD ULRICH DIRECTOR 0.5
Director
$0 $0 $0
SUNITHA VEGERLA DIRECTOR 0.5
Director
$0 $0 $0
CHRISTIAN VORSPEL-RUETER DIRECTOR 0.5
Director
$0 $0 $0
DENNIS WAGNER DIRECTOR 0.5
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 $3,884,230 $3,781,239 $3,649,561 $102,991
2022 $3,332,567 $3,206,030 $3,475,642 $126,537
2021 $2,716,388 $2,603,664 $2,378,210 $112,724
2020 $2,737,838 $2,532,059 $2,343,766 $205,779
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