Lotus School for Excellence

EIN: 200419295 501(c)(3)

Aurora, CO

Total Revenue
$15,441,760
Total Expenses
$13,599,206
Total Assets
$9,332,027
Net Assets
$-11,733,426
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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
CO
Principal Officer
Mehmet Nalcaci
Phone
3033600052
Tax Period
2023-07-01 to 2024-06-30

Lotus School for Excellence, founded in 2003, is a mid-sized nonprofit that reported $15.4M in total revenue in fiscal year 2023. Expenses of $13.6M left a modest 12% surplus.

Mission

Prepare students to understand and apply knowledge and skills in math, science and technology, and to work productively in a multicultural global environment. Student enrollment is approximately 950.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,386,308
Program Service Revenue $13,848,313
Investment Income $193,899
Other Revenue $13,240
TOTAL REVENUE $15,441,760

Expense Breakdown

Grants Paid $0
Salaries & Benefits $9,819,326
Fundraising Expenses $0
Program Expenses $11,883,315
Other Expenses $3,779,880
TOTAL EXPENSES $13,599,206

Year-over-Year Comparison

2023 2022 Change
Revenue $15,441,760 $15,831,765 0.0%
Expenses $13,599,206 $15,884,676 -0.1%
Net Income $1,842,554 $-52,911 -35.8%
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

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Governance

Voting Members
5
Independent Members
5
Employees
148
Volunteers
35

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
3
$324,720
Total Directors
5
$0
Key Employees
10
$1,354,083
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr Bobby Allen Executive Director 40.00
Officer Key Emp Highest
$167,898 $35,637 $203,535
Zikri Arslan President 1.00
Director
$0 $0 $0
Angelina Velez-Reyes Treasurer 1.00
Director
$0 $0 $0
Alptekin Kavi Member 1.00
Director
$0 $0 $0
H Ray Keith Member 1.00
Director
$0 $0 $0
Elcin Alibayli Member 1.00
Director
$0 $0 $0
Mehmet Nalcaci Executive Director 40.00
Officer Key Emp
$62,752 $16,579 $79,331
Mithat J Karabulut Assistant Ex. Director 40.00
Officer Key Emp
$32,706 $9,148 $41,854
Nosirkhon Burhonov IT Director 40.00
Key Emp
$105,117 $30,460 $135,577
Kelly Hamm HR Director 40.00
Key Emp
$118,807 $32,073 $150,880
Elias Huerta Elementary Assistant Principal 40.00
Key Emp
$108,218 $30,561 $138,779
Dr Katrina Hardin Senior Director 40.00
Key Emp
$141,898 $30,413 $172,311
Andre Underwood Secondary Principal 40.00
Key Emp
$119,578 $31,510 $151,088
Dr Monique Jones Elementary Principal 40.00
Key Emp
$108,802 $28,853 $137,655
Troy Robey Operations Director 40.00
Key Emp
$111,218 $31,855 $143,073
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 No data No data No data No data
2024 $15,441,760 $13,599,206 $9,332,027 $1,842,554
2023 $15,831,765 $15,884,676 $6,636,029 $-52,911
2022 $15,341,421 $15,668,919 $7,284,947 $-327,498
2021 $13,468,513 $13,390,672 $9,471,671 $77,841
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