AMERICAN RESEARCH INSTITUTE IN TURKEY (EIN 136171220) - 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

1964

Legal Domicile

Principal Officer

DR NANCY W LEINWAND

Phone

2158983474

Tax Period

2024-07-01 to 2025-06-30

AMERICAN RESEARCH INSTITUTE IN TURKEY, founded in 1964, is a community nonprofit in the Social Science sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 83% from the prior year, signaling strong growth momentum. The organization ran a surplus of $762K, a strong 44% operating margin.

Mission

ARIT PROVIDES SUPPORT FOR U.S. AND CANADIAN RESEARCH AND EXCHANGES IN TURKEY, INCLUDING TURKISH LANGUAGE STUDY, FELLOWSHIP PROGRAMS, AND RESEARCH CENTERS IN ISTANBUL AND ANKARA. THE RESEARCH CENTERS PROVIDE LIBRARIES, LODGING, AND RESEARCH SUPPORT.

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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 $1,567,751

Program Service Revenue $0

Investment Income $172,382

Other Revenue $5,620

TOTAL REVENUE $1,745,753

Expense Breakdown

Grants Paid $634,081

Salaries & Benefits $286,431

Fundraising Expenses $5,222

Program Expenses $878,751

Other Expenses $63,115

TOTAL EXPENSES $983,627

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,745,753	$953,926	+0.8%
Expenses	$983,627	$1,020,263	0.0%
Net Income	$762,126	$-66,337	-12.5%

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

$257,795

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA DARLING	PRESIDENT	12.00	Officer Director	$0	$0	$0
JAMES OSBORNE	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JOHN CURRY	TREASURER	4.00	Officer Director	$0	$0	$0
NICKOLAY ANTOV	SECRETARY	1.00	Officer Director	$0	$0	$0
SCOTT BRANTING	DIRECTOR	0.50	Director	$0	$0	$0
NICHOLAS CAHILL	DIRECTOR	0.50	Director	$0	$0	$0
BULENT GULTEKIN	DIRECTOR	0.50	Director	$0	$0	$0
GOTTFRIED HAGEN	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL HOFF	DIRECTOR	0.50	Director	$0	$0	$0
LEE ULLMANN	DIRECTOR	0.50	Director	$0	$0	$0
CAROLE WOODALL	DIRECTOR	0.50	Director	$0	$0	$0
BAHADIR YILDIRIM	DIRECTOR	0.50	Director	$0	$0	$0
ZEYNEP SIMAVI	OVERSEAS DIR	35.00	Officer	$54,939	$6,602	$61,541
DR ELIF DENEL	OVERSEAS DIR	35.00	Officer	$74,455	$8,120	$82,575
DR NANCY W LEINWAND	EXECUTIVE DI	35.00	Officer	$99,359	$14,320	$113,679

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
2025	$1,745,753	$983,627	$3,528,369	$762,126
2024	$1,193,903	$1,059,613	$2,825,525	$134,290
2024	No data	No data	No data	No data
2023	$984,222	$1,100,325	$2,688,343	$-116,103
2023	$1,064,872	$1,100,325	$2,688,343	$-35,453
2022	$1,082,061	$947,220	$3,058,271	$134,841
2021	$1,183,205	$1,009,388	$3,430,062	$173,817
2019	$952,437	$948,562	$2,603,539	$3,875
2018	$1,188,008	$937,896	$2,625,345	$250,112

AMERICAN RESEARCH INSTITUTE IN TURKEY