Friends of the American Board School

EIN: 222789574 501(c)(3) International Affairs

Boston, MA

Total Revenue
$289,181
Total Expenses
$206,644
Total Assets
$1,192,109
Net Assets
$1,187,309
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
DE
Tax Period
2023-06-01 to 2024-05-31

Friends of the American Board School, founded in 1986, is a small nonprofit in the International Affairs sector that reported $289K in total revenue in fiscal year 2023. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $83K, a strong 29% operating margin.

Mission

FOSTER EXCELLENCE IN SECONDARY EDUCATION AND HEALTH CARE IN TURKEY THROUGH SUPPORT THE AMERICAN BOARD SCHOOLS AND HOSPITAL AND THROUGH THEM, TO INSTILL VALUES AND PROVIDE KNOWLEDGE TO HELP YOUNG MEN AND WOMEN BECOME CONTEMPORARY LEADERS CONTRIBUTING TO THE DEVELOPMENT OF TURKEY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $210,944
Program Service Revenue $46,000
Investment Income $32,237
Other Revenue $0
TOTAL REVENUE $289,181

Expense Breakdown

Grants Paid $86,993
Salaries & Benefits $74,817
Fundraising Expenses $22,739
Program Expenses $135,272
Other Expenses $44,834
TOTAL EXPENSES $206,644

Year-over-Year Comparison

2023 2022 Change
Revenue $289,181 $169,268 +0.7%
Expenses $206,644 $188,378 +0.1%
Net Income $82,537 $-19,110 -5.3%
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

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Governance

Voting Members
10
Independent Members
10
Employees
1
Volunteers
10

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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HAKAN OZKABAS DIRECTOR 3.00
Director
$0 $0 $0
ROBERT KELLER DIRECTOR 3.00
Director
$0 $0 $0
BARCLAY SHEPARD DIRECTOR 3.00
Director
$0 $0 $0
AHMET HOKE DIRECTOR 3.00
Director
$0 $0 $0
SELIM SULOS DIRECTOR 3.00
Director
$0 $0 $0
DILHAN KALYON DIRECTOR 3.00
Director
$0 $0 $0
KEREM TURUNC VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
ISMAIL EKMEKCI PRESIDENT 5.00
Officer Director
$0 $0 $0
BALCA KORKUT GOK SECRETARY 3.00
Officer Director
$0 $0 $0
TARIK MUGHISUDDIN TREASURER 3.00
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
2025 No data No data No data No data
2024 $289,181 $206,644 $1,192,109 $82,537
2023 $169,268 $188,378 $972,771 $-19,110
2022 $365,600 $346,364 $1,007,254 $19,236
2021 $371,105 $345,549 $1,127,218 $25,556
2020 $199,015 $252,792 $904,083 $-53,777
2019 $370,270 $381,679 $874,267 $-11,409
2018 $871,317 $894,420 $896,238 $-23,103
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