HARMONY DC PUBLIC CHARTER SCHOOLS (EIN 465320551) - 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

2014

Legal Domicile

Principal Officer

MUHAMMET TURKAY

Phone

2025297500

Tax Period

2024-07-01 to 2025-06-30

HARMONY DC PUBLIC CHARTER SCHOOLS, founded in 2014, is a community nonprofit in the Education sector that reported $6.3M in total revenue in fiscal year 2024. Expenses of $5.7M left a modest 10% surplus.

Mission

THE MISSION OF THE CHARTER SCHOOL IS TO PREPARE STUDENTS FOR HIGHER LEARNING IN A SAFE, CARING, AND COLLABORATIVE ATMOSPHERE THROUGH A QUALITY LEARNER-CENTERED EDUCATIONAL PROGRAM WITH A STRONG EMPHASIS ON SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS.

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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 $533,132

Program Service Revenue $5,591,413

Investment Income $195,772

Other Revenue $0

TOTAL REVENUE $6,320,317

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,191,784

Fundraising Expenses $0

Program Expenses $5,284,683

Other Expenses $2,511,183

TOTAL EXPENSES $5,702,967

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,320,317	$6,308,216	+0.0%
Expenses	$5,702,967	$5,465,942	+0.0%
Net Income	$617,350	$842,274	-0.3%

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

$328,321

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
YALCIN AKYILDIZ	CHAIR	2.00	Officer Director	$0	$0	$0
CHARLES LINCOLN	TREASURER	2.00	Officer Director	$0	$0	$0
JULIA IRVING	SECRETARY	2.00	Officer Director	$0	$0	$0
KANDICE SMITH	BOARD MEMBER	2.00	Director	$0	$0	$0
GUVANCH YAZGELDI	BOARD MEMBER	2.00	Director	$0	$0	$0
TYREE WALL	BOARD MEMBER	2.00	Director	$0	$0	$0
ETHNYEALITA FISHER	BOARD MEMBER	2.00	Director	$0	$0	$0
BRIAN SYLVESTER OUTGOING	BOARD MEMBER	2.00	Director	$0	$0	$0
MUHAMMET TURKAY	CEO	40.00	Officer	$136,920	$29,808	$166,728
NIYAZI EVREN CULHA	PRINCIPAL	40.00	Officer	$121,746	$39,847	$161,593

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	$6,320,317	$5,702,967	$4,990,608	$617,350
2024	$6,308,216	$5,465,942	$4,638,373	$842,274
2023	$5,462,192	$4,746,511	$4,188,633	$715,681
2022	$4,974,781	$4,107,652	$2,308,689	$867,129
2021	$3,734,432	$3,058,470	$1,396,886	$675,962
2020	$2,972,529	$2,892,540	$855,403	$79,989
2019	$2,849,466	$2,710,844	$707,443	$138,622
2018	$2,377,334	$2,319,122	$626,193	$58,212

HARMONY DC PUBLIC CHARTER SCHOOLS