GLOBAL SPECTRUM FOUNDATION INC ISTANBUL CULTURAL CENTER (EIN 421552157) - 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

2002

Legal Domicile

Principal Officer

FATIH CELIKASLAN

Phone

7704105700

Tax Period

2023-01-01 to 2023-12-31

GLOBAL SPECTRUM FOUNDATION INC ISTANBUL CULTURAL CENTER, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $455K in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $85K, a strong 19% operating margin.

Mission

SEE ORGANIZATIONS PRIMARY PURPOSE

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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 $316,221

Program Service Revenue $138,953

Investment Income $0

Other Revenue $0

TOTAL REVENUE $455,174

Expense Breakdown

Grants Paid $24,000

Salaries & Benefits $157,294

Fundraising Expenses $0

Program Expenses $298,486

Other Expenses $188,930

TOTAL EXPENSES $370,224

Year-over-Year Comparison

	2023	2022	Change
Revenue	$455,174	$346,052	+0.3%
Expenses	$370,224	$283,307	+0.3%
Net Income	$84,950	$62,745	+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

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

$41,625

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AHMET ALYAZ	PRESIDENT	2.000	Director	$0	$0	$0
YASEMIN BALTACI	SECRETARY	2.000	Director	$0	$0	$0
FATIH CELIKASLAN	TREASURER	2.000	Director	$0	$0	$0
SERKAN DURANEL	MEMBER	2.000	Director	$0	$0	$0
UMIT TURAN	MEMBER	2.000	Director	$0	$0	$0
SEZAI DEMIRTURK	EXECUTIVE DIRECTOR	40.00	Officer	$41,625	$0	$41,625

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	$455,174	$370,224	$2,338,795	$84,950
2022	$346,052	$283,307	$2,308,479	$62,745
2021	$162,074	$143,498	$2,262,129	$18,576
2019	$395,057	$222,632	$2,184,529	$172,425
2018	$333,974	$321,142	$2,124,690	$12,832

GLOBAL SPECTRUM FOUNDATION INC ISTANBUL CULTURAL CENTER