DISCOVERY EDUCATION SERVICES INC (EIN 203366305) - 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

2007

Legal Domicile

Principal Officer

DR YALCIN AKIN

Phone

4072537304

Tax Period

2023-07-01 to 2024-06-30

DISCOVERY EDUCATION SERVICES INC, founded in 2007, is a mid-sized nonprofit in the Education sector that reported $40.7M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $39.3M left a modest 3% surplus.

Mission

TO OPERATE PUBLIC CHARTER SCHOOLS FOCUSED ON STEM-R (SCIENCE, TECHNOLOGY, ENGINEERING, MATHEMATICS, & READING) CURRICULUM.

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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 $0

Program Service Revenue $37,957,107

Investment Income $0

Other Revenue $2,790,136

TOTAL REVENUE $40,747,243

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $38,334,863

Other Expenses $39,333,513

TOTAL EXPENSES $39,333,513

Year-over-Year Comparison

	2023	2022	Change
Revenue	$40,747,243	$35,691,120	+0.1%
Expenses	$39,333,513	$33,393,927	+0.2%
Net Income	$1,413,730	$2,297,193	-0.4%

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

433

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

$173,685

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR DAVID FORTNA	PRESIDENT	2.00	Officer Director	$0	$0	$0
MR IBRAHIM SABUNCU	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DR JAYARAM BRINDALA	MEMBER	1.00	Director	$0	$0	$0
DR MURAT YUKSEL	MEMBER	1.00	Director	$0	$0	$0
MR A ERGIN COLAK	MEMBER	40.00	Director	$0	$0	$0
DR YALCIN AKIN	EXECUTIVE DIRECTOR	40.00	Key Emp Highest	$173,685	$0	$173,685

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	$40,747,243	$39,333,513	$154,810,401	$1,413,730
2023	$35,691,120	$33,393,927	$153,272,117	$2,297,193
2022	$33,242,102	$30,399,706	$119,613,299	$2,842,396
2021	$29,305,548	$26,666,118	$22,168,948	$2,639,430
2020	$25,611,124	$23,702,812	$27,591,828	$1,908,312
2019	$23,208,677	$20,606,064	$21,304,424	$2,602,613

DISCOVERY EDUCATION SERVICES INC