St Paul Cultural Center - Turkey Founda

EIN: 274159528 501(c)(3) International Affairs

Ann Arbor, MI

Total Revenue
$557,060
Total Expenses
$612,656
Total Assets
$128,335
Net Assets
$128,335
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
MI
Phone
7343301124
Tax Period
2023-01-01 to 2023-12-31

St Paul Cultural Center - Turkey Founda, founded in 2010, is a small nonprofit in the International Affairs sector that reported $557K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring.

Mission

To operate the St. Paul Cultural Center in Antalya, Turkey and Support similar organizations

Program Service Accomplishments

Program 1
Expenses: $507,912 Revenue: $148,693

Support the operation of St. Paul Cultural Centers in Turkey and Facilitate the construction/ opening of additional centers in Turkey.

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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 (2023)

Revenue Breakdown

Contributions & Grants $408,367
Program Service Revenue $148,693
Investment Income $0
Other Revenue $0
TOTAL REVENUE $557,060

Expense Breakdown

Grants Paid $507,912
Salaries & Benefits $79,341
Fundraising Expenses $0
Program Expenses $507,912
Other Expenses $25,403
TOTAL EXPENSES $612,656

Year-over-Year Comparison

2023 2022 Change
Revenue $557,060 $799,732 -0.3%
Expenses $612,656 $896,226 -0.3%
Net Income $-55,596 $-96,494 -0.4%
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

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Governance

Voting Members
11
Independent Members
N/A
Employees
2
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
4
$55,173
Total Directors
11
$55,173
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
James Bultema President 40.00
Officer Director
$55,173 $0 $55,173
Phillip VerLee Vice President 12.00
Officer Director
$0 $0 $0
Carl Kaiser Secretary 1.00
Officer Director
$0 $0 $0
Ramazan Arkan Director 1.00
Director
$0 $0 $0
Curt Bidinger Director 1.00
Director
$0 $0 $0
Richard Vaughan Director 1.00
Director
$0 $0 $0
Diny Adema Director 1.00
Director
$0 $0 $0
Haluk Bilgen Director 1.00
Director
$0 $0 $0
Jennifer Lucas-Germeyan Director 1.00
Director
$0 $0 $0
William Rigg Director 1.00
Officer Director
$0 $0 $0
Tomoko Shiraishi Director 1.00
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 No data No data No data No data
2023 $557,060 $612,656 $128,335 $-55,596
2022 $799,732 $896,226 $183,931 $-96,494
2021 $821,145 $663,894 $280,425 $157,251
2020 $258,849 $456,502 $123,174 $-197,653
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