TURKISH EDUCATIONAL FOUNDATION

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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

1970

Legal Domicile

Phone

6504506781

Tax Period

2023-06-01 to 2024-05-31

TURKISH EDUCATIONAL FOUNDATION, founded in 1970, is a small nonprofit that reported $651K in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $230K, a strong 35% operating margin.

Mission

The Turkish Educational Foundation runs a scholarship program for poor students 1st grade through university in Turkey to improve access to education.

Program Service Accomplishments

Program 1

Expenses: $419,201 Revenue: $0

The grants supported 1,658 students from low income families with scholarships.

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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 (2023)

Revenue Breakdown

Contributions & Grants $484,193

Program Service Revenue $0

Investment Income $173,313

Other Revenue $-6,970

TOTAL REVENUE $650,536

Expense Breakdown

Grants Paid $419,201

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $419,201

Other Expenses $1,179

TOTAL EXPENSES $420,380

Year-over-Year Comparison

	2023	2022	Change
Revenue	$650,536	$440,382	+0.5%
Expenses	$420,380	$549,608	-0.2%
Net Income	$230,156	$-109,226	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Duygu Demirlioglu	President	4.00	Officer Director	$0	$0	$0
Deniz Demirlioglu	Vice President	4.00	Officer Director	$0	$0	$0
Melek Pelen Esin	Trustee	4.00	Director	$0	$0	$0
Turgut Gur	Trustee	4.00	Director	$0	$0	$0
Ayse Zamboglu	Trustee	2.00	Director	$0	$0	$0
Dilek Zafar	Trustee	2.00	Director	$0	$0	$0
Kutay Ustuner	Treasurer	4.00	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	$650,536	$420,380	$1,091,285	$230,156
2023	$440,382	$549,608	$861,129	$-109,226
2022	$339,918	$286,914	$970,355	$53,004
2021	$647,587	$391,420	$917,351	$256,167