TRIAD EDUCATIONAL SERVICES INC (EIN 272186510) - 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

2010

Legal Domicile

Principal Officer

MURAT BAKIR PHD

Phone

9196502270

Tax Period

2024-07-01 to 2025-06-30

TRIAD EDUCATIONAL SERVICES INC, founded in 2010, is a community nonprofit in the Education sector that reported $8.0M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $14.7M exceeded revenue, resulting in a 83% operating deficit.

Mission

TO PROVIDE FACILITIES FOR CHARTER SCHOOLS OPERATING IN NORTH CAROLINA.

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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 $0

Program Service Revenue $6,257,136

Investment Income $994,570

Other Revenue $781,858

TOTAL REVENUE $8,033,564

Expense Breakdown

Grants Paid $0

Salaries & Benefits $140,977

Fundraising Expenses $0

Program Expenses $7,074,398

Other Expenses $14,578,524

TOTAL EXPENSES $14,719,501

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,033,564	$6,288,377	+0.3%
Expenses	$14,719,501	$7,536,620	+1.0%
Net Income	$-6,685,937	$-1,248,243	+4.4%

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

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

$107,740

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FAHRUDIN MEKIC	PRESIDENT	3.00	Officer Director	$0	$0	$0
SAKERAH MCDOWELL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MUSTAFA TOSUN	SECRETARY	1.00	Officer Director	$0	$0	$0
MURAT BAKIR PHD	SENIOR BUSINESS MANAGER	40.00	Officer	$107,740	$0	$107,740

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	$8,033,564	$14,719,501	$157,240,979	$-6,685,937
2024	$6,288,377	$7,536,620	$103,640,885	$-1,248,243
2023	$7,577,228	$5,200,006	$103,340,096	$2,377,222
2022	$5,915,716	$4,754,516	$65,312,732	$1,161,200
2021	$1,928,977	$1,801,649	$19,188,075	$127,328
2020	$1,798,378	$1,817,291	$19,440,747	$-18,913
2019	$1,799,896	$1,835,722	$19,819,660	$-35,826

TRIAD EDUCATIONAL SERVICES INC