Turkish 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

2006

Legal Domicile

Phone

2126961060

Tax Period

2023-01-01 to 2023-12-31

Turkish Cultural Center, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $474K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $71K, a strong 15% operating margin.

Mission

Run programs to promote understanding of Turkish culture and Turkish language in the UNited States of America. Programs include language lessons, screening films, organizing dinners, festivals and lectures.

Program Service Accomplishments

Program 1

Expenses: $337,036

Business networking receptions, lectures, annual friendship dinner, conferences for educational purposes, turkish langauge teaching, film screening.

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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 $423,029

Program Service Revenue $50,740

Investment Income $0

Other Revenue $0

TOTAL REVENUE $473,769

Expense Breakdown

Grants Paid $75,900

Salaries & Benefits $128,309

Fundraising Expenses $0

Program Expenses $337,036

Other Expenses $198,112

TOTAL EXPENSES $402,321

Year-over-Year Comparison

	2023	2022	Change
Revenue	$473,769	$430,302	+0.1%
Expenses	$402,321	$417,859	0.0%
Net Income	$71,448	$12,443	+4.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sadri Altinok	President	1.00	Officer Director	$0	$0	$0
EMINE IBRAHIMAGAOGLU	Vice President	1.00	Officer Director	$0	$0	$0
MUSTAFA DORAK	Treasurer	1.00	Officer Director	$0	$0	$0
BUSRA KALANDER	Secretary	1.00	Officer 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
2024	No data	No data	No data	No data
2023	$473,769	$402,321	$464,390	$71,448
2022	$430,302	$417,859	$1,133,609	$12,443
2021	$974,819	$932,152	$1,304,833	$42,667
2020	$1,224,648	$929,578	$1,572,166	$295,070
2019	$1,262,282	$1,012,374	$1,518,810	$249,908
2018	$855,974	$736,101	$1,268,902	$119,873