APPLE EDUCATIONAL SERVICES INC aka… - Form 990 Financial Data

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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

Phone

2016394311

Tax Period

2024-07-01 to 2025-06-30

APPLE EDUCATIONAL SERVICES INC aka NEW YORK ACADEMY EDUCATIONAL SERVICES, founded in 2005, is a community nonprofit in the Education sector that reported $5.4M in total revenue in fiscal year 2024. Revenue surged 72% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.9M, a strong 55% operating margin.

Mission

NEW YORK ACADEMIC EDUCATIONAL SERVICES INC. PROVIDES AND PROMOTES HIGH QUALITY EDUCATIONAL SERVICES TO STUDENTS OF NEW JERSEY TO CLOSE THE ACHIEVEMENT GAP RESULTING FROM SOCIO-ECONOMIC INEQUITIES, AND TO HELP STUDENTS OF ALL BACKGROUNDS REACH THEIR GREATEST ACADEMIC AND INTELLECTUAL POTENTIAL.

Program Service Accomplishments

Program 1

Expenses: $1,862,978

NEW YORK ACADEMIC EDUCATIONAL SERVICES INC. PROVIDES AND PROMOTES HIGH QUALITY EDUCATIONAL SERVICES TO STUDENTS OF NEW JERSEY TO CLOSE THE ACHIEVEMENT GAP RESULTING FROM SOCIO-ECONOMIC INEQUITIES...

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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 $13,073

Program Service Revenue $8,429

Investment Income $3,575,654

Other Revenue $1,758,933

TOTAL REVENUE $5,356,089

Expense Breakdown

Grants Paid $0

Salaries & Benefits $219,109

Fundraising Expenses $0

Program Expenses $1,862,978

Other Expenses $2,201,317

TOTAL EXPENSES $2,420,426

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,356,089	$3,111,049	+0.7%
Expenses	$2,420,426	$2,667,069	-0.1%
Net Income	$2,935,663	$443,980	+5.6%

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

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

$95,620

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEVENT KOCH	CEO	40.00	Officer	$95,620	$0	$95,620
ARMAN KOZHABAYEV	President	5.00	Officer	$0	$0	$0
ELIF IDIL	Director	5.00	Officer	$0	$0	$0
GALIP KIYAKLI	Treasurer	5.00	Officer	$0	$0	$0
HANIFI YILDIZ	Director	5.00	Officer	$0	$0	$0
BEN HASAN ERKAN	Secretary	5.00	Officer	$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	$5,356,089	$2,420,426	$6,743,506	$2,935,663
2024	$3,111,049	$2,667,069	$29,443,352	$443,980
2023	$2,771,438	$2,685,879	$29,682,842	$85,559
2022	$2,532,694	$2,906,515	$30,204,662	$-373,821
2021	$2,951,856	$3,195,519	$30,661,036	$-243,663
2020	$2,849,185	$3,249,791	$31,579,370	$-400,606
2019	$3,017,271	$3,815,060	$32,418,382	$-797,789
2018	$5,957,475	$6,732,629	$33,732,702	$-775,154

APPLE EDUCATIONAL SERVICES INC aka NEW YORK ACADEMY EDUCATIONAL SERVICES