TRIAD MATH AND SCIENCE ACADEMY COMPANY (EIN 208471670) - 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

VICTOR OFORI-BOADU

Phone

9196502270

Tax Period

2024-07-01 to 2025-06-30

TRIAD MATH AND SCIENCE ACADEMY COMPANY, founded in 2007, is a mid-sized nonprofit in the Education sector that reported $64.6M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $61.7M left a modest 5% surplus.

Mission

OPERATION OF PUBLIC CHARTER SCHOOLS.

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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 $58,850,081

Program Service Revenue $3,780,888

Investment Income $292,302

Other Revenue $1,723,451

TOTAL REVENUE $64,646,722

Expense Breakdown

Grants Paid $0

Salaries & Benefits $38,493,374

Fundraising Expenses $0

Program Expenses $46,192,518

Other Expenses $23,199,718

TOTAL EXPENSES $61,693,092

Year-over-Year Comparison

	2024	2023	Change
Revenue	$64,646,722	$50,946,959	+0.3%
Expenses	$61,693,092	$52,334,089	+0.2%
Net Income	$2,953,630	$-1,387,130	-3.1%

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

812

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

$241,082

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICTOR OFORI-BOADU	PRESIDENT	2.00	Officer Director	$0	$0	$0
MIR NUGMANOV	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SALIH TUNCER	TREASURER	1.00	Officer Director	$0	$0	$0
VICTOR NADBITOV	SECRETARY	1.00	Officer Director	$0	$0	$0
FAHRUDIN MEKIC	MEMBER	1.00	Director	$0	$0	$0
DR TERRENCE THOMAS	MEMBER	1.00	Director	$0	$0	$0
CARLOS HERNANADEZ	MEMBER	1.00	Director	$0	$0	$0
BEN KARADUMAN	SUPERINTENDENT	40.00	Officer	$241,082	$0	$241,082
FATIH KANDIL	TMSA-TRIAD PRINCIPAL	40.00	Highest	$179,050	$0	$179,050
DIANA GUNESGOR	TMSA-TRIAD PRINCIPAL	40.00	Highest	$170,059	$0	$170,059
ERAY IDIL	DEPUTY SUPERINTENDENT	40.00	Highest	$169,727	$0	$169,727
SERDAR YUKSEKKAYA	TMSA-APEX PRINCIPAL	40.00	Highest	$165,031	$0	$165,031

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	$64,646,722	$61,693,092	$25,062,634	$2,953,630
2024	No data	No data	No data	No data
2023	$46,727,230	$48,308,357	$17,976,351	$-1,581,127
2022	$31,315,517	$26,616,996	$19,619,487	$4,698,521
2021	$25,994,464	$21,457,855	$12,436,639	$4,536,609
2020	$21,122,467	$21,527,102	$10,252,372	$-404,635
2019	$20,660,259	$17,367,005	$7,987,828	$3,293,254

TRIAD MATH AND SCIENCE ACADEMY COMPANY