AMERICAN TURKISH FRIENDSHIP ASSOCIATION INC

EIN: 030493690 501(c)(3) Arts, Culture & Humanities

CHANTILLY, VA

Total Revenue
$1,046,916
Total Expenses
$1,028,611
Total Assets
$668,263
Net Assets
$513,424
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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
2003
Legal Domicile
VA
Principal Officer
HAKAN ATASEVER
Phone
5719696254
Tax Period
2022-01-01 to 2022-12-31

AMERICAN TURKISH FRIENDSHIP ASSOCIATION INC, founded in 2003, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.0M in total revenue in fiscal year 2022. Revenue surged 43% from the prior year, signaling strong growth momentum.

Mission

TO ADDRESS THE SOCIAL AND CULTURAL NEEDS OF TURKISH AND AMERICAN FRIENDS LIVING IN THE UNITED STATES

Program Service Accomplishments

Program 1
Expenses: $1,028,611 Revenue: $1,046,916

AMERICAN TURKISH FRIENDSHIP ASSOCIATION HOSTS MULTICULTURAL EVENTS DEDICATED TO ADDRESSING THE SOCIAL AND CULTURAL NEEDS OF TURKISH AND AMERICAN FRIENDS LIVING IN THE WASHINGTON DC AREA

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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 (2022)

Revenue Breakdown

Contributions & Grants $841,071
Program Service Revenue $1,205
Investment Income $23,008
Other Revenue $181,632
TOTAL REVENUE $1,046,916

Expense Breakdown

Grants Paid $10,038
Salaries & Benefits $545,866
Fundraising Expenses $0
Program Expenses $1,028,611
Other Expenses $472,707
TOTAL EXPENSES $1,028,611

Year-over-Year Comparison

2022 2021 Change
Revenue $1,046,916 $731,745 +0.4%
Expenses $1,028,611 $757,785 +0.4%
Net Income $18,305 $-26,040 -1.7%
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

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Governance

Voting Members
3
Independent Members
3
Employees
8
Volunteers
400

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
0
$0
Total Directors
5
$0
Key Employees
2
$131,395
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FATIH DEMIR CHAIRMAN 2.00
Director
$0 $0 $0
ASUMAN MUTLU SECRETARY 2.00
Director
$0 $0 $0
MUSTAFA BOZOKLU TREASURER 2.00
Director
$0 $0 $0
NEVZAT CELIK CEO 40.00
Key Emp
$58,108 $0 $58,108
HAKAN ATASEVER EXECUTIVE DIRECTOR 40.00
Key Emp
$73,287 $0 $73,287
AHMET CAKMAK BOARD MEMBER 2.00
Director
$0 $0 $0
AYHAN BETUL ERENDOR ZABUN BOARD MEMBER 2.00
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 No data No data No data No data
2022 $1,046,916 $1,028,611 $668,263 $18,305
2021 $731,745 $757,785 $746,317 $-26,040
2020 $552,099 $614,892 $1,313,620 $-62,793
2019 $298,610 $910,333 $1,248,440 $-611,723
2018 $-547,451 $591,498 $1,948,877 $-1,138,949
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