FRIENDS OF GERMAN-AMRICAN CULTURAL CENTR (EIN 721320045) - Form 990 Financial Analysis & Trantor Score

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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

Phone

5043634202

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF GERMAN-AMRICAN CULTURAL CENTR, founded in 1995, is a small nonprofit in the Arts, Culture & Humanities sector that reported $194K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $229K exceeded revenue, resulting in a 18% operating deficit.

Mission

FOR CHARITABLE AND EDUCATIONAL PURPOSES TO FOSTER THOSE ACTIVITIES WHICH EXHIBIT AND ENHANCE GERMAN CULTURE THROUGH PROGRAMS WITHIN THE COMMUNITY.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $20,645

Program Service Revenue $6,798

Investment Income $5,376

Other Revenue $161,476

TOTAL REVENUE $194,295

Expense Breakdown

Grants Paid $49,220

Salaries & Benefits $44,012

Fundraising Expenses $11,663

Program Expenses $91,221

Other Expenses $136,080

TOTAL EXPENSES $229,312

Year-over-Year Comparison

	2024	2023	Change
Revenue	$194,295	$173,355	+0.1%
Expenses	$229,312	$182,895	+0.3%
Net Income	$-35,017	$-9,540	+2.7%

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

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

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
BARRON BURMASTER	President	Director	$0	$0	$0
MICHAEL SCHAFERKOTTER	Vice President	Director	$0	$0	$0
VAL COLES	Secretary	Director	$0	$0	$0
IRVIN SCHWARZ	Treasurer	Director	$0	$0	$0
JENNIFER LATZKE	Director	Director	$0	$0	$0
ROBERT KALLIES	Director	Director	$0	$0	$0
GISELA GALIJOUR	Director	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	$194,295	$229,312	$544,167	$-35,017
2023	$173,355	$182,895	$517,262	$-9,540
2022	$250,851	$186,651	$526,802	$64,200
2021	$213,135	$75,273	$462,602	$137,862
2020	$137,296	$74,760	$324,740	$62,536
2019	$127,116	$97,425	$262,204	$29,691
2018	$128,990	$70,268	$455,850	$58,722

FRIENDS OF GERMAN-AMRICAN CULTURAL CENTR