TURKISH CULTURAL CENTER ALBANY

EIN: 270168606 501(c)(3) Arts, Culture & Humanities

GLENMONT, NY

Total Revenue
$204
Total Expenses
$14,438
Total Assets
$6,438
Net Assets
$6,438
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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
NY
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

SEE PRIMARY PURPOSE

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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 (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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
15

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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
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
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