CHARLOTTE EDUCATION FOUNDATION (EIN 464239471) - 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

2013

Legal Domicile

Principal Officer

FAHRUDIN MEKIC

Phone

9802996633

Tax Period

2021-07-01 to 2022-06-30

CHARLOTTE EDUCATION FOUNDATION, founded in 2013, is a community nonprofit that reported $8.6M in total revenue in fiscal year 2021.

Mission

OPERATION OF A PUBLIC CHARTER SCHOOL.

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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 $894,149

Program Service Revenue $7,561,302

Investment Income $1,068

Other Revenue $177,513

TOTAL REVENUE $8,634,032

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,004,444

Fundraising Expenses $0

Program Expenses $6,717,066

Other Expenses $3,780,718

TOTAL EXPENSES $8,785,162

Year-over-Year Comparison

	2021	2020	Change
Revenue	$8,634,032	$8,684,444	0.0%
Expenses	$8,785,162	$7,564,392	+0.2%
Net Income	$-151,130	$1,120,052	-1.1%

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

104

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

$94,381

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FAHRUDIN MEKIC	PRESIDENT	1.00	Officer Director	$0	$0	$0
SCOTT SCHLEE	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
CARLTON CAMMON	TREASURER	1.00	Officer Director	$0	$0	$0
CARROL SINGETARY	SECRETARY	1.00	Officer Director	$0	$0	$0
DR ALI TOMBAK	DIRECTOR	1.00	Director	$0	$0	$0
CAGRI KAHRAMAN	DIRECTOR	1.00	Director	$0	$0	$0
MURAT ALKAN	PRINCIPAL	40.00	Officer	$94,381	$0	$94,381
BEN KARADUMAN	SUPERINTENDE	N/A	Officer	$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
2022	$8,634,032	$8,785,162	No data	$-151,130
2022	$8,634,032	$8,785,162	No data	$-151,130
2021	$8,684,444	$7,564,392	$17,162,280	$1,120,052
2020	$6,243,082	$6,057,174	$16,697,195	$185,908
2019	$4,439,759	$4,721,144	$16,079,302	$-281,385
2018	$4,059,680	$4,723,283	$10,550,359	$-663,603

CHARLOTTE EDUCATION FOUNDATION