GOLDEN GENERATION WORSHIP AND RETRE (EIN 223137545) - 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

1994

Legal Domicile

Principal Officer

JOSEPH A POLAT

Tax Period

2024-01-01 to 2024-12-31

GOLDEN GENERATION WORSHIP AND RETRE, founded in 1994, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2024. Expenses of $1.9M exceeded revenue, resulting in a 14% operating deficit.

Mission

PROVIDE EDUCATION

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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 $1,661,418

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,661,418

Expense Breakdown

Grants Paid $0

Salaries & Benefits $321,144

Fundraising Expenses $118

Program Expenses $1,622,240

Other Expenses $1,572,784

TOTAL EXPENSES $1,893,928

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,661,418	$1,561,906	+0.1%
Expenses	$1,893,928	$1,886,032	+0.0%
Net Income	$-232,510	$-324,126	-0.3%

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

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

$87,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH A POLAT	DIRECTOR	40.00	Director	$87,000	$0	$87,000
BEKIR AKSOY	BOARD MEMBER	2.00	Director	$0	$0	$0
ISMET AKSOY	BOARD MEMBER	4.00	Director	$0	$0	$0
HUSEYIN COPUR	PRESIDENT	2.00	Director	$0	$0	$0
ADEM KALAC	BOARD MEMBER	4.00	Director	$0	$0	$0
SEZAI SABLAK	VICE PRESIDE	10.00	Director	$0	$0	$0
CEVDET TURKYOLU	BOARD MEMBER	2.00	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	$1,661,418	$1,893,928	$4,858,865	$-232,510
2023	$1,561,906	$1,886,032	$5,078,849	$-324,126
2022	$1,403,350	$1,792,191	$5,301,875	$-388,841
2021	$1,356,922	$1,473,950	$5,353,324	$-117,028
2020	$1,331,833	$1,472,689	$5,469,425	$-140,856
2019	$1,408,815	$1,604,022	$5,457,571	$-195,207
2018	$1,158,058	$1,345,768	$5,653,478	$-187,710
2017	$1,078,818	$1,268,097	$5,843,123	$-189,279

GOLDEN GENERATION WORSHIP AND RETRE