TURKEN FOUNDATION INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

BEHRAM TURAN

Phone

6465854510

Tax Period

2023-07-01 to 2024-06-30

TURKEN FOUNDATION INC, founded in 2014, is a mid-sized nonprofit in the Education sector that reported $19.6M in total revenue in fiscal year 2023. Revenue surged 687% from the prior year, signaling strong growth momentum. The organization ran a surplus of $16.5M, a strong 84% operating margin.

Mission

PROVIDE STUDENT HOUSING, EDUCATIONAL GRANTS AND SCHOLARSHIPS AND PROMOTE CULTURAL AWARENESS THROUGH EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

TO PROVIDE EDUCATIONAL OPPURTUNITIES INCLUDING STUDENTS SCHOLORSHIPS & GRANT AWARDS BASED ON FINANCIAL NEEDS AND OR MERITS.

Program 2

Expenses: $2,732,068 Revenue: $19,646,301

PROVIDE STUDENT HOUSING INCLUDING GRANTS & SUBSIDIES TO MEET THE GAP IN CULTURALLY & RELIGIOUSLY APPROPRIATE HOUSING IN THE NEW YORK CITY & BEYOND FOR MUSLIM STUDENTS. THE HOUSING TO INCLUDE...

PROVIDE STUDENT HOUSING INCLUDING GRANTS & SUBSIDIES TO MEET THE GAP IN CULTURALLY & RELIGIOUSLY APPROPRIATE HOUSING IN THE NEW YORK CITY & BEYOND FOR MUSLIM STUDENTS. THE HOUSING TO INCLUDE PROTECTING THE PRIVACY OF FEMALE STUDENTS, PROVIDE GENDER SEPARATION IN LIVING ACCOMODATIONS, PROVIDE HALAL FOOD SERVICE, ENFORCE RESTRICTIONS AGAINST THE USE OF DRUGS, ALCOHOL AND TO PROVIDE PRAYER ROOMS AND RELIGIOUS SUPPORT FOR HOLY DAYS.THE FOUNDATION HAS ALSO PROVIDED SUBSIDIZED HOUSING TO VARIOUS STUDENTS DURING THE CURRENT YEAR

Program 3

Expenses: $0 Revenue: $0

CULTURAL AND SOCIAL AWARENESS PROGRAMS AND EXPERIENCES FOR STUDENTS TO LEARN MORE ABOUT MUSLIM CULTURES AND TO PROMOTE CROSS-CULTURAL RELATIONSHIPS BETWEEN MUSLIM CULTURES AND TRADITIONS WITH...

CULTURAL AND SOCIAL AWARENESS PROGRAMS AND EXPERIENCES FOR STUDENTS TO LEARN MORE ABOUT MUSLIM CULTURES AND TO PROMOTE CROSS-CULTURAL RELATIONSHIPS BETWEEN MUSLIM CULTURES AND TRADITIONS WITH AMERICAN CULTURES AND TRADITIONS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $19,629,757

Program Service Revenue $16,289

Investment Income $255

Other Revenue $0

TOTAL REVENUE $19,646,301

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,732,068

Other Expenses $3,117,849

TOTAL EXPENSES $3,117,849

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,646,301	$2,497,019	+6.9%
Expenses	$3,117,849	$2,800,822	+0.1%
Net Income	$16,528,452	$-303,803	-55.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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	Role	Reportable Comp	Other Comp	Total
BEHRAM TURAN	CHAIRMAN	Director	$0	$0	$0
MEMIS YETIM	TREASURER	Director	$0	$0	$0
ESRA ALBAYRAK	DIRECTOR	Director	$0	$0	$0
OMER FARUK ALBAYRAK	DIRECTOR	Director	$0	$0	$0
IBRAHIM BACACI	DIRECTOR	Director	$0	$0	$0
AHMET BAYRAKTUTAR	DIRECTOR	Director	$0	$0	$0
SELIM CAKIR	DIRECTOR	Director	$0	$0	$0
MUSTAFA ILBEYLI	DIRECTOR	Director	$0	$0	$0
ZULKARNEYN VARDAR	DIRECTOR	Director	$0	$0	$0
MELIKE KABATAS	DIRECTOR	Director	$0	$0	$0
FEHMI BILGE	DIRECTOR	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	$19,646,301	$3,117,849	$117,368,470	$16,528,452
2024	No data	No data	No data	No data
2023	$2,497,019	$2,800,822	$99,212,722	$-303,803
2022	$18,984	$807,223	$94,636,659	$-788,239
2020	$9,348,841	$768,856	$67,183,391	$8,579,985
2019	$22,853,649	$936,683	$51,235,136	$21,916,966
2018	$2,287,064	$1,332,436	$45,318,939	$954,628