CORAL SPRINGS FOUNDATION INC ISTAN… - Form 990 Financial Data

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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

2003

Legal Domicile

Principal Officer

NEZIH PALA

Tax Period

2021-01-01 to 2021-12-31

CORAL SPRINGS FOUNDATION INC ISTANBUL CULTURAL CENTER, founded in 2003, is a micro nonprofit in the Religion sector that reported $1 in total revenue in fiscal year 2021. Revenue fell 100% from the prior year — a significant decline worth monitoring.

Mission

To encourage, develop and strengthen Cultural Relationships and education amoung people of different community and culture.

Program Service Accomplishments

Program 1

Expenses: $1 Revenue: $1

To encourage, develop and strengthen Cultural Relationships and education amoung people of different community and culture. The organization held seminars and meetings to disseminate knowledge...

To encourage, develop and strengthen Cultural Relationships and education amoung people of different community and culture. The organization held seminars and meetings to disseminate knowledge information concerning Turkish culture.

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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 (2021)

Revenue Breakdown

Contributions & Grants $1

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1

Other Expenses $1

TOTAL EXPENSES $1

Year-over-Year Comparison

	2021	2020	Change
Revenue	$1	$55,165	-1.0%
Expenses	$1	$184,045	-1.0%
Net Income	$0	$-128,880	-1.0%

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

N/A

Independent Members

N/A

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEZIH PALA	PRESIDENT	N/A	Officer Director	$0	$0	$0
MUHAMMED SOYER	SECRETARY	N/A	Officer Director	$0	$0	$0
KAZIM KOC	TREASURER	N/A	Officer Director	$0	$0	$0
MUSTAFA YUCEKAYA	CEO	N/A	Officer	$0	$0	$0
FATIH SAHIN	SECRETARY	N/A	Director	$0	$0	$0
ISMAIL ULUKAYA	BRANCH MANAGER	N/A	Key Emp	$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
2021	$1	$1	No data	No data
2020	$55,165	$184,045	$2,576,470	$-128,880
2019	$124,137	$260,902	$2,782,047	$-136,765
2018	$174,630	$324,426	$3,087,976	$-149,796

CORAL SPRINGS FOUNDATION INC ISTANBUL CULTURAL CENTER