1014 INC

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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

2017

Legal Domicile

Principal Officer

KATJA WIESBROCK DONOVAN

Phone

3392148848

Tax Period

2024-01-01 to 2024-12-31

1014 INC, founded in 2017, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $930K left a modest 9% surplus.

Mission

THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO PROMOTE TRANSATLANTIC RELATIONS AND UNDERSTANDING BETWEEN THE UNITED STATES OF AMERICA AND GERMANY.

Program Service Accomplishments

Program 1

Expenses: $671,650

THE ORGANIZATION'S PRIMARY PROGRAMMATIC ACTIVITIES INCLUDE DEVELOPING CULTURAL, EDUCATIONAL, SCIENTIFIC, ECONOMIC, AND SOCIAL PROJECTS THAT EXAMINE CROSS-ATLANTIC TOPICS AND BRING TOGETHER LEADERS IN CULTURE, SCIENCE, ECONOMICS, CIVIL SOCIETY, AND MEDIA FROM NORTH AMERICA AND EUROPE. ACTIVITIES INCLUDE, BUT ARE NOT LIMITED TO, EXHIBITIONS (MAX 75 PEOPLE), LECTURES, READINGS, DISCUSSIONS, SEMINARS, CONFERENCES, PERFORMANCES. IN ADDITION, THE ORGANIZATION MAKES DONATIONS TO ORGANIZATIONS IN THE UNITED STATES AND ELSEWHERE WHOSE CHARITABLE PURPOSES ALIGN WITH THOSE OF THE ORGANIZATION.

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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 $1,013,901

Program Service Revenue $0

Investment Income $0

Other Revenue $4,076

TOTAL REVENUE $1,017,977

Expense Breakdown

Grants Paid $0

Salaries & Benefits $500,848

Fundraising Expenses $0

Program Expenses $671,650

Other Expenses $428,791

TOTAL EXPENSES $929,639

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,017,977	$844,729	+0.2%
Expenses	$929,639	$826,145	+0.1%
Net Income	$88,338	$18,584	+3.8%

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

Employees

Volunteers

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

$258,004

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREAS FIBIG	CHAIR & PRESIDENT	5.00	Officer Director	$0	$0	$0
JAMES GERARD	TREASURER	5.00	Officer Director	$0	$0	$0
CHRISTIAN ZUGEL	DIRECTOR	2.00	Director	$0	$0	$0
KARL GEERCKEN	DIRECTOR	2.00	Director	$0	$0	$0
RENATE KUROWSKI-CARDELLO	DIRECTOR	2.00	Director	$0	$0	$0
RALF BESTE	DIRECTOR	2.00	Director	$0	$0	$0
ULLA SCHMIDT	HONORARY DIRECTOR	2.00	Director	$0	$0	$0
KATJA WIESBROCK DONOVAN	EXECUTIVE DIRECTOR	40.00	Officer	$257,101	$903	$258,004

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	$1,017,977	$929,639	$166,492	$88,338
2023	$844,729	$826,145	$70,106	$18,584
2022	$784,016	$780,180	$56,797	$3,836
2021	$638,012	$621,056	$56,461	$16,956
2020	$545,530	$518,830	$44,933	$26,700
2019	$596,958	$601,715	$16,570	$-4,757
2018	$297,248	$288,462	$14,787	$8,786