TURKISH PHILANTHROPY FUNDS INC (EIN 208392006) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

SENAY ATASELIM

Phone

6465308988

Tax Period

2022-07-01 to 2023-06-30

TURKISH PHILANTHROPY FUNDS INC, founded in 2007, is a mid-sized nonprofit in the International Affairs sector that reported $28.4M in total revenue in fiscal year 2022. Revenue surged 479% from the prior year, signaling strong growth momentum. The organization ran a surplus of $15.5M, a strong 55% operating margin.

Mission

THE ORGANIZATION'S MISSION IS HELPING INDIVIDUAL AND CORPORATE DONORS REALIZE THEIR PHILANTHROPIC GOALS TO MEET COMMUNITY NEEDS IN THE UNITED STATES OF AMERICA AND IN TURKEY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $28,495,599

Program Service Revenue $0

Investment Income $-71,411

Other Revenue $0

TOTAL REVENUE $28,424,188

Expense Breakdown

Grants Paid $11,281,657

Salaries & Benefits $534,136

Fundraising Expenses $73,613

Program Expenses $12,249,408

Other Expenses $1,060,973

TOTAL EXPENSES $12,876,766

Year-over-Year Comparison

	2022	2021	Change
Revenue	$28,424,188	$4,913,066	+4.8%
Expenses	$12,876,766	$3,711,745	+2.5%
Net Income	$15,547,422	$1,201,321	+11.9%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

$242,051

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEHMET KIRDAR	CHAIRMAN	10.00	Officer Director	$0	$0	$0
MUSTAFA KEMAL ABADAN	CO-VICE CHAIR	8.00	Officer Director	$0	$0	$0
OSMAN COSKUN KURTULUS	CO-VICE CHAIR	8.00	Officer Director	$0	$0	$0
ERSIN KARAOGLU	INVESTMENT COMMITTEE CHAIR	6.00	Officer Director	$0	$0	$0
LAWRENCE KAYE	SECRETARY	4.00	Officer Director	$0	$0	$0
SELIN GULCELIK	TREASURER	4.00	Officer Director	$0	$0	$0
AHMET BOZER	DIRECTOR	4.00	Director	$0	$0	$0
ALP ONALAN	DIRECTOR	4.00	Director	$0	$0	$0
AYKUT ATALI	DIRECTOR	4.00	Director	$0	$0	$0
AYSEGUL ILDENIZ	DIRECTOR	6.00	Director	$0	$0	$0
BARBAROS KARAAHMET	DIRECTOR	4.00	Director	$0	$0	$0
CIVAN GOKAY	DIRECTOR	4.00	Director	$0	$0	$0
DIDEM ALTOP	DIRECTOR	4.00	Director	$0	$0	$0
ERGUN KIRLIKOVALI	DIRECTOR	4.00	Director	$0	$0	$0
GULDEN MESARA	DIRECTOR	4.00	Director	$0	$0	$0
MARIA KUPCU FIGUEROA	DIRECTOR	4.00	Director	$0	$0	$0
MERVE GURSEL	DIRECTOR	4.00	Director	$0	$0	$0
ONUR ERZAN	DIRECTOR	2.00	Director	$0	$0	$0
ONUR KARAYAL	DIRECTOR	2.00	Director	$0	$0	$0
RAHMI SAYDER	DIRECTOR	2.00	Director	$0	$0	$0
SERAN TREHAN	DIRECTOR	4.00	Director	$0	$0	$0
ULKU ROWE	DIRECTOR	4.00	Director	$0	$0	$0
ZEYNEP OGUZ BILMER	DIRECTOR	10.00	Director	$0	$0	$0
SENAY ATASELIM YILMAZ	EXECUTIVE DIRECTOR	40.00	Officer	$187,835	$54,216	$242,051

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	$28,424,188	$12,876,766	$36,046,741	$15,547,422
2022	$4,913,066	$3,711,745	$15,945,628	$1,201,321
2021	$5,368,170	$2,918,991	$17,167,947	$2,449,179
2020	$3,003,836	$2,520,654	$13,236,394	$483,182
2019	$5,212,428	$2,713,206	$12,862,041	$2,499,222
2018	$5,057,950	$2,077,095	$10,832,845	$2,980,855

TURKISH PHILANTHROPY FUNDS INC