DIVAN CULTURAL CENTER

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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

2005

Legal Domicile

Principal Officer

METIN CAYLI

Phone

2486196988

Tax Period

2023-01-01 to 2023-12-31

DIVAN CULTURAL CENTER, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $489K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $440K left a modest 10% surplus.

Mission

SEE STATEMENT

Program Service Accomplishments

Program 1

Expenses: $384,774

TO PROMOTE UNDERSTANDING, FRIENDSHIP, TOLERANCE AND THUS SEEKING HARMONY WITHIN DIVERSITY AMONG CULTURES OF THE WORLD THROUGH DIALOG. THIS SERVES TO BRIDGE THE GAP IN KNOWLEDGE ABOUT THE OTHERS...

TO PROMOTE UNDERSTANDING, FRIENDSHIP, TOLERANCE AND THUS SEEKING HARMONY WITHIN DIVERSITY AMONG CULTURES OF THE WORLD THROUGH DIALOG. THIS SERVES TO BRIDGE THE GAP IN KNOWLEDGE ABOUT THE OTHERS THEREBY REDUCING FEARS, PREJUDUICES AND MISCONCEPTIONS OF THE UNKOWN.

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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 (2023)

Revenue Breakdown

Contributions & Grants $480,165

Program Service Revenue $9,264

Investment Income $0

Other Revenue $0

TOTAL REVENUE $489,429

Expense Breakdown

Grants Paid $0

Salaries & Benefits $174,768

Fundraising Expenses $0

Program Expenses $384,774

Other Expenses $264,899

TOTAL EXPENSES $439,667

Year-over-Year Comparison

	2023	2022	Change
Revenue	$489,429	$365,733	+0.3%
Expenses	$439,667	$335,926	+0.3%
Net Income	$49,762	$29,807	+0.7%

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

Governance

Voting Members

Independent Members

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
METIN CAYLI	PRESIDENT	2.000	Director	$0	$0	$0
FATIH SOGUT	TREASURER	2.000	Director	$0	$0	$0
OSMAN ARSLAN	SECRETARY	2.000	Director	$0	$0	$0
YUSUF SEVINC	MEMBER	2.000	Director	$0	$0	$0
HAFSA KARADUMAN	MEMBER	2.000	Director	$0	$0	$0
HAKAN GOLBASI	VICE 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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$489,429	$439,667	$727,246	$49,762
2022	$365,733	$335,926	$591,850	$29,807
2021	$172,948	$142,879	$579,985	$30,069
2020	$146,693	$132,432	$27,667	$14,261
2019	$122,266	$127,268	$631,059	$-5,002
2018	$78,268	$68,110	$631,537	$10,158