ELECTRICOREINC (EIN 351888396) - 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

1993

Legal Domicile

Principal Officer

ILKER BAYRAKTAR

Phone

6616070260

Tax Period

2024-01-01 to 2024-12-31

ELECTRICOREINC, founded in 1993, is a community nonprofit in the Education sector that reported $7.8M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $7.5M left a modest 4% surplus.

Mission

SEE FULL DESCRIPTION ON SCHEDULE O.ELECTRICORE IS ACTING AS A CONSORTIUM FOR ADVANCED TECHNOLOGY, DEVELOPMENT AND EDUCATION IN SCIENCE AND TECHNOLOGY, CONTRIBUTING TO THE SUCCESS OF THE UNITED STATES' RESEARCH & DEVELOPMENT AND EDUCATION VIA COLLABORATIVE PROGRAMS WITH FEDERAL, STATE AND LOCAL GOVERNMENTS, UNIVERSITIES AND PRIVATE SECTOR COMPANIES.

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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 $325,395

Program Service Revenue $7,479,705

Investment Income $17,566

Other Revenue $0

TOTAL REVENUE $7,822,666

Expense Breakdown

Grants Paid $2,630,449

Salaries & Benefits $989,225

Fundraising Expenses $0

Program Expenses $6,610,030

Other Expenses $3,854,572

TOTAL EXPENSES $7,474,246

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,822,666	$5,472,803	+0.4%
Expenses	$7,474,246	$5,542,587	+0.3%
Net Income	$348,420	$-69,784	-6.0%

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

$523,969

Total Directors

$526,369

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ILKER BAYRAKTAR	PRESIDENT & CEO	30.00	Officer Director	$227,773	$39,928	$267,701
CLAUDE LETOURNEAU	CHAIRMAN	2.00	Officer Director	$0	$0	$0
DEBORAH JELEN	EXECUTIVE DIRECTOR - PART YEAR	30.00	Officer Director	$228,195	$28,073	$256,268
JAQUES DELISLE	DIRECTOR - PART YEAR	2.00	Director	$0	$0	$0
JOHN WATERS	DIRECTOR	2.00	Director	$0	$0	$0
DR ONER YURTSEVEN	DIRECTOR	2.00	Director	$0	$0	$0
KENNETH ZURAWSKI	DIRECTOR	2.00	Director	$2,400	$0	$2,400
KATHRYN FAGUNDO	PROGRAM MANAGER	40.00	Highest	$185,107	$23,348	$208,455
SARA ODOM	SR PROGRAM DIRECTOR	40.00	Highest	$233,704	$39,215	$272,919

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	$7,822,666	$7,474,246	$4,945,669	$348,420
2023	$5,472,803	$5,542,587	$3,043,026	$-69,784
2022	$16,320,847	$16,222,123	$8,259,190	$98,724
2021	$10,671,016	$10,567,740	$6,400,669	$103,276
2020	$3,448,257	$3,392,257	$1,448,985	$56,000
2019	$1,698,780	$1,707,789	$904,981	$-9,009
2018	$1,783,053	$1,687,470	$861,000	$95,583

ELECTRICOREINC