GALAXY EDUCATION INC (EIN 453533747) - 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

2011

Legal Domicile

Principal Officer

FATIH DEMIR

Phone

7273302424

Tax Period

2024-07-01 to 2025-06-30

GALAXY EDUCATION INC, founded in 2011, is a community nonprofit in the Education sector that reported $8.7M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $8.3M left a modest 5% surplus.

Mission

TO OPERATE A CHARTER SCHOOL IN PINELLAS COUNTY, FLORIDA.

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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 $0

Program Service Revenue $6,894,154

Investment Income $-16,138

Other Revenue $1,815,490

TOTAL REVENUE $8,693,506

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,031,834

Other Expenses $8,265,306

TOTAL EXPENSES $8,265,306

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,693,506	$7,678,201	+0.1%
Expenses	$8,265,306	$7,379,860	+0.1%
Net Income	$428,200	$298,341	+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

Total Directors

Key Employees

$179,400

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FATIH DEMIR	PRESIDENT	1.00	Director	$0	$0	$0
DR FETHULLAH CALISKAN	MEMBER	1.00	Director	$0	$0	$0
MUCAHIT ALI PEKTEMIR	SECRETARY	1.00	Director	$0	$0	$0
DR EMRE AKBABA	EXECUTIVE DIRECTOR	40.00	Key Emp	$179,400	$0	$179,400
SHERRY HATCH	PRINCIPAL	40.00	Highest	$129,646	$0	$129,646
OZGUR EREN	BUSINESS MANAGER	40.00	Highest	$107,251	$0	$107,251

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
2025	$8,693,506	$8,265,306	$17,902,829	$428,200
2024	$7,678,201	$7,379,860	$17,661,814	$298,341
2023	$5,645,423	$5,767,126	$2,859,857	$-121,703
2022	$4,731,890	$4,594,911	$1,906,413	$136,979
2021	$5,006,406	$4,354,167	$1,791,975	$652,239
2020	$4,024,640	$3,910,742	$1,551,931	$113,898
2019	$3,682,339	$3,555,874	$940,750	$126,465

GALAXY EDUCATION INC