NORTH AMERICAN UNIVERSITY (EIN 208825983) - 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

FARUK TABAN

Phone

8322305555

Tax Period

2022-07-01 to 2023-06-30

NORTH AMERICAN UNIVERSITY, founded in 2007, is a mid-sized nonprofit in the Education sector that reported $12.1M in total revenue in fiscal year 2022. Expenses of $14.7M exceeded revenue, resulting in a 21% operating deficit.

Mission

NORTH AMERICAN UNIVERSITY (NAU) IS A PRIVATE AND NON-PROFIT INSTITUTION OFFERING BACHELOR'S AND MASTER'S DEGREES. THE UNIVERSITY IS COMMITTED TO TEACHING EXCELLENCE AND BEING STUDENT CENTERED. NAU STRIVES TO PROVIDE AN ENVIRONMENT PROMOTING GLOBAL CULTURAL COMPETENCY, PERSONAL GROWTH AND RESPONSIBLE CITIZENSHIP.

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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 (2022)

Revenue Breakdown

Contributions & Grants $2,554,822

Program Service Revenue $9,489,126

Investment Income $0

Other Revenue $46,953

TOTAL REVENUE $12,090,901

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,026,602

Fundraising Expenses $0

Program Expenses $10,201,921

Other Expenses $8,628,890

TOTAL EXPENSES $14,655,492

Year-over-Year Comparison

	2022	2021	Change
Revenue	$12,090,901	$11,619,623	+0.0%
Expenses	$14,655,492	$10,358,219	+0.4%
Net Income	$-2,564,591	$1,261,404	-3.0%

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

263

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

$283,957

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GUNER ARSLAN	BOARD CHAIRMAN/TRUSTEE	2.00	Officer Director	$0	$0	$0
ORHAN KUCUKOSMAN	BOARD FINANCE CHAIR/TRUSTE	1.50	Officer Director	$0	$0	$0
AHMET YAVUS	TRUSTEE	2.00	Director	$0	$0	$0
SERIF SOYDAN	TRUSTEE	1.50	Director	$0	$0	$0
NESVAT YILMAZ	TRUSTEE	1.50	Director	$0	$0	$0
ISMET AKSOY	TRUSTEE	1.50	Director	$0	$0	$0
SERIF ALI TEKALAN	PRESIDENT	40.00	Officer	$75,655	$5,128	$80,783
FARUK TABAN	VP FOR ACADEMIC AFFAIRS	40.00	Officer	$105,301	$0	$105,301
KUDBETTIN AKSOY	VP FOR ADMINISTRATIVE AFFA	40.00	Officer	$97,873	$0	$97,873

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	$12,090,901	$14,655,492	$12,902,105	$-2,564,591
2022	$11,619,623	$10,358,219	$17,914,909	$1,261,404
2021	$12,287,470	$12,056,890	$17,187,030	$230,580
2020	$13,164,696	$11,322,670	$14,212,900	$1,842,026
2019	$10,500,936	$9,515,210	$11,273,071	$985,726
2018	$5,818,870	$8,961,004	$13,147,668	$-3,142,134

NORTH AMERICAN UNIVERSITY