TURKISH-AMERICAN CULTURAL ALLIANCE (EIN 366149114) - 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

1965

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

TURKISH-AMERICAN CULTURAL ALLIANCE, founded in 1965, is a small nonprofit in the Arts, Culture & Humanities sector that reported $207K in total revenue in fiscal year 2023. Expenses of $235K exceeded revenue, resulting in a 14% operating deficit.

Mission

TO FOSTER AND PROMOTE THE TURKISH CULTURE, ART, HISTORY AND HERTIAGE AMONG THECOMMUNITY AND TO ORGANIZE ACTIVITIES TO BRING TOGETHER THE TURKISH-AMERICANCOMMUNITIES OF ILLINOIS AND NORTHWEST INDIANA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $206,677

Program Service Revenue $0

Investment Income $32

Other Revenue $0

TOTAL REVENUE $206,709

Expense Breakdown

Grants Paid $78,250

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $83,608

Other Expenses $156,614

TOTAL EXPENSES $234,864

Year-over-Year Comparison

	2023	2022	Change
Revenue	$206,709	N/A	N/A
Expenses	$234,864	N/A	N/A
Net Income	$-28,155	N/A	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
CEREN RODRIGUEZ	DIRECTOR	Director	$0	$0	$0
TUNCER ERTOKLAR	DIRECTOR	Director	$0	$0	$0
EMRE BOZER	DIRECTOR	Director	$0	$0	$0
MURAT ERGUN	DIRECTOR	Director	$0	$0	$0
BEKIR SERTAN BERTAN	DIRECTOR	Director	$0	$0	$0
KAYA ARMAGAN	TREASURER	Officer	$0	$0	$0
VILDAN GORENER	PRESIDENT	Officer	$0	$0	$0
KAYA ARMAGAN	VICE PRESIDENT	Officer	$0	$0	$0
GIZEM TUNCA	SECRETARY	Officer	$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	$206,709	$234,864	$713,524	$-28,155
2022	$197,017	$39,218	$741,679	$157,799
2021	$43,660	$59,465	$583,880	$-15,805
2020	$51,826	$44,863	$599,685	$6,963

TURKISH-AMERICAN CULTURAL ALLIANCE