TURKISH CULTURAL CENTER ALBANY

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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

MEHMET V YIGIT

Phone

5189510309

Tax Period

2019-01-01 to 2019-12-31

TURKISH CULTURAL CENTER ALBANY, founded in 2009, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $204 in total revenue in fiscal year 2019. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $14K exceeded revenue, resulting in a 6977% operating deficit.

Mission

DEDICATED TO ADDRESSING THE SOCIAL AND CULTURAL NEEDS OF TURKISH AND AMERICAN PEOPLE LIVING IN NY AND PROMOTES UNDERSTANDING OF AMERICAN AND TURKISH CULTURES WITHIN THE COMMUNITY TO IMPROVE UNITY

Program Service Accomplishments

Program 1

Expenses: $12,265

TURKISH COURSE FOR ADULTS AND CHILDREN, SUNDAY BRUNCHES, FRIDAY NIGHTS ACTIVITIES

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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 (2019)

Revenue Breakdown

Contributions & Grants $23,900

Program Service Revenue $0

Investment Income $-23,696

Other Revenue $0

TOTAL REVENUE $204

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,265

Other Expenses $14,438

TOTAL EXPENSES $14,438

Year-over-Year Comparison

	2019	2018	Change
Revenue	$204	$26,053	-1.0%
Expenses	$14,438	$18,637	-0.2%
Net Income	$-14,234	$7,416	-2.9%

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
MEHMET V YIGIT	PRESIDENT	2.000	Director	$0	$0	$0
AHMET BOZDEMIR	SECRETARY	2.000	Director	$0	$0	$0
AHMET R KELES	MEMBER	2.000	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
2019	$204	$14,438	$6,438	$-14,234