Lotus School for Excellence Foundation (EIN 203336437) - 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

2003

Legal Domicile

Principal Officer

Mehmet Nalcaci

Phone

3033600052

Tax Period

2023-07-01 to 2024-06-30

Lotus School for Excellence Foundation, founded in 2003, is a small nonprofit that reported $671K in total revenue in fiscal year 2023. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $905K exceeded revenue, resulting in a 35% operating deficit.

Mission

Provide facilities to Lotus School for Excellence and service the debt associated with facilities acquisition.

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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 $52,907

Program Service Revenue $615,853

Investment Income $2,072

Other Revenue $0

TOTAL REVENUE $670,832

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $904,733

Other Expenses $904,733

TOTAL EXPENSES $904,733

Year-over-Year Comparison

	2023	2022	Change
Revenue	$670,832	$2,649,944	-0.7%
Expenses	$904,733	$916,795	0.0%
Net Income	$-233,901	$1,733,149	-1.1%

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

N/A

Volunteers

N/A

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

$203,535

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Bobby Allen	Director	1.00	Director	$0	$35,637	$203,535
Angelina Velez-Reyes	Director	1.00	Director	$0	$0	$0
Zikri Arslan	Director	1.00	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
2025	No data	No data	No data	No data
2024	$670,832	$904,733	$15,586,686	$-233,901
2023	$2,649,944	$916,795	$16,104,573	$1,733,149
2022	$2,010,594	$830,924	$14,643,392	$1,179,670
2021	$2,073,122	$1,053,425	$13,730,549	$1,019,697

Lotus School for Excellence Foundation