FLORIDA TURKISH CENTER FOUNDATION INC (EIN 264125977) - 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

2009

Legal Domicile

Principal Officer

FUAT ORNARLI

Phone

7869537449

Tax Period

2024-01-01 to 2024-12-31

FLORIDA TURKISH CENTER FOUNDATION INC, founded in 2009, is a micro nonprofit in the Human Services sector that reported $32K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring.

Mission

TO DEVELOP EDUCATIONAL AND SOCIAL TIES AMONG MEMBERS AND THE GENERAL PUBLIC. TO PROMOTUE KNOLEDGE OF TURKISH CULTURE, HISTORY AND ART TO THE LOCAL COMMUNITY AND THE MEMBERS.

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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 $32,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $32,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2024	2023	Change
Revenue	$32,000	$49,835	-0.4%
Expenses	N/A	$63,060	-1.0%
Net Income	N/A	$-13,225	N/A

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEHMET AKCAY	PRESIDENT	N/A	Director	$0	$0	$0
MUSTAFA CANKAT	SECRETARY	N/A	Director	$0	$0	$0
ZIYA CELIK	DIRECTOR	N/A	Director	$0	$0	$0
AYSEGUL COLAK	DIRECTOR	N/A	Director	$0	$0	$0
CELAL COLAK	DIRECTOR	N/A	Director	$0	$0	$0
ATILLA ORKAN	DIRECTOR	N/A	Director	$0	$0	$0
FUAT ORNARLI	TREASURER	N/A	Officer Director	$0	$0	$0
UMIT YIGIT	DIRECTOR	N/A	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
2024	$32,000	No data	$1,044,070	No data
2023	$49,835	$63,060	$1,012,070	$-13,225
2022	$36,000	$31,778	$1,025,295	$4,222
2021	$37,400	$31,031	$1,021,073	$6,369
2020	$45,000	$27,866	$909,750	$17,134
2019	$46,000	$37,558	$868,194	$8,442
2018	$41,035	$36,494	$855,494	$4,541

FLORIDA TURKISH CENTER FOUNDATION INC