ACE IT EDUCATION INC TURKISH CULTURAL CENTER

EIN: 043486384 501(c)(3)

REVERE, MA

Total Revenue
$31,335
Total Expenses
$58,392
Total Assets
N/A
Net Assets
N/A
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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
1999
Legal Domicile
MA
Principal Officer
HASAN YILDIZ
Phone
6172480501
Tax Period
2020-01-01 to 2020-12-31

ACE IT EDUCATION INC TURKISH CULTURAL CENTER, founded in 1999, is a micro nonprofit that reported $31K in total revenue in fiscal year 2020. Revenue fell 92% from the prior year — a significant decline worth monitoring. Expenses of $58K exceeded revenue, resulting in a 86% operating deficit.

Mission

THE ORGANIZATION IS DEDICATED TO PROMOTING HARMONY IN DIVERSE CULTURAL SETTING IN THE 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 (2020)

Revenue Breakdown

Contributions & Grants $30,463
Program Service Revenue $872
Investment Income $0
Other Revenue $0
TOTAL REVENUE $31,335

Expense Breakdown

Grants Paid $3,000
Salaries & Benefits $15,663
Fundraising Expenses $0
Program Expenses $40,396
Other Expenses $39,729
TOTAL EXPENSES $58,392

Year-over-Year Comparison

2020 2019 Change
Revenue $31,335 $382,730 -0.9%
Expenses $58,392 $380,330 -0.8%
Net Income $-27,057 $2,400 -12.3%
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
5
Independent Members
5
Employees
2
Volunteers
20

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
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HASAN YILDIZ PRESIDENT 2.000
Director
$0 $0 $0
FATMA EKIM SECRETARY 2.000
Director
$0 $0 $0
HUSEYIN KOCAMAN TREASURER 2.000
Director
$0 $0 $0
BURHAN KAYA MEMBER 2.000
Director
$0 $0 $0
ERTUGRUL CANSIZOGLU V PRESIDENT 2.000
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
2020 $31,335 $58,392 No data $-27,057
2019 $382,730 $380,330 $22,223 $2,400
2018 $304,599 $318,249 $27,953 $-13,650
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