TURKISH & INTERNATIONAL MUSIC ENSEMBLE INC

EIN: 462126763 501(c)(3) Arts, Culture & Humanities

HASBROUCK HEIGHTS, NJ

Total Revenue
$310
Total Expenses
$328
Total Assets
$16,230
Net Assets
$16,230
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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
2013
Legal Domicile
NY
Principal Officer
HAKAN INAN
Phone
9735395170
Tax Period
2020-01-01 to 2020-12-31

TURKISH & INTERNATIONAL MUSIC ENSEMBLE INC, founded in 2013, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $310 in total revenue in fiscal year 2020. Revenue fell 95% from the prior year — a significant decline worth monitoring. Net assets of $16K represent 628 months of operating reserves.

Mission

TO PROMOTE CULTURAL DIVERSITY IN THE COMMUNITY THROUGH INTERNATIONAL MUSIC

Program Service Accomplishments

Program 1
Expenses: $328 Revenue: $310

TO PROMOTE CULTURAL DIVERSITY IN THE COMMUNITY THROUGH INTERNATIONAL MUSIC

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $1,000
Program Service Revenue $0
Investment Income $0
Other Revenue $-690
TOTAL REVENUE $310

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $328
Other Expenses $328
TOTAL EXPENSES $328

Year-over-Year Comparison

2020 2019 Change
Revenue $310 $6,620 -1.0%
Expenses $328 $5,946 -0.9%
Net Income $-18 $674 -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

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Governance

Voting Members
4
Independent Members
4
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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NEDIM KATGI PRES 5.00
Officer Director
$0 $0 $0
ULKU ROWE VICE-PRES 5.00
Officer 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
2020 $310 $328 $16,230 $-18
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