TURKISH CULTURAL CENTER NEW HAMPSH… - 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

2011

Legal Domicile

Principal Officer

NASIT SARIBAS

Phone

2035703755

Tax Period

2023-01-01 to 2023-12-31

TURKISH CULTURAL CENTER NEW HAMPSHIRE INC, founded in 2011, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $79K in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $88K exceeded revenue, resulting in a 10% operating deficit.

Mission

Turkish Cultural Center New Hampshire is a non-profit 501 (c)(3) organization that aims to respond to social and cultural needs of Turkish Americans and to promote cross-cultural awareness that...

Program Service Accomplishments

Program 1

Expenses: $78,155

Seminars, lectures, festivals, dinners, art performances, trips are some of these activities through which we seek to interact with members of diverse groups and share and appreciate our common...

Seminars, lectures, festivals, dinners, art performances, trips are some of these activities through which we seek to interact with members of diverse groups and share and appreciate our common values.

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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 $79,384

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $79,384

Expense Breakdown

Grants Paid $12,279

Salaries & Benefits $15,406

Fundraising Expenses $0

Program Expenses $78,155

Other Expenses $59,991

TOTAL EXPENSES $87,676

Year-over-Year Comparison

	2023	2022	Change
Revenue	$79,384	$57,582	+0.4%
Expenses	$87,676	$62,343	+0.4%
Net Income	$-8,292	$-4,761	+0.7%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NASIT SARIBAS	PRESIDENT	2.000	Director	$0	$0	$0
HAKAN ONAN	TREASURER	2.000	Director	$0	$0	$0
UFUK BILGIC	MEMBER	2.000	Director	$0	$0	$0
SULEYMAN CIYRAK	EXECUTIVE DIRECTOR	6.000	Officer	$0	$0	$0
OMER YASAN	SECRETARY	2.000	Director	$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	$79,384	$87,676	$4,724	$-8,292

TURKISH CULTURAL CENTER NEW HAMPSHIRE INC