TURKISH HERITAGE ORGANIZATION INC (EIN 472457279) - 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

HERBERT REGINBOGIN

Phone

2123210606

Tax Period

2022-01-01 to 2022-12-31

TURKISH HERITAGE ORGANIZATION INC, founded in 2014, is a small nonprofit that reported $131K in total revenue in fiscal year 2022. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $276K exceeded revenue, resulting in a 112% operating deficit.

Mission

THE ORGANIZATION PROMOTES ISSUES OF IMPORTANCE IN THE U.S.-TURKEY BILATERAL RELATIONSHIP.

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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 (2022)

Revenue Breakdown

Contributions & Grants $130,612

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $130,612

Expense Breakdown

Grants Paid $26,000

Salaries & Benefits $73,820

Fundraising Expenses $42,003

Program Expenses $149,262

Other Expenses $176,447

TOTAL EXPENSES $276,267

Year-over-Year Comparison

	2022	2021	Change
Revenue	$130,612	$250,591	-0.5%
Expenses	$276,267	$351,300	-0.2%
Net Income	$-145,655	$-100,709	+0.4%

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

$98,437

Total Directors

$22,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HERBERT REGINBOGIN	PRESIDENT	5.00	Officer Director	$22,000	$0	$22,000
BAHA ERBAS	DIRECTOR	0.00	Director	$0	$0	$0
ALI CINAR	DIRECTOR	40.00	Officer	$32,375	$934	$33,309
SAVANNAH LANE	EXECUTIVE DIRECTOR	40.00	Officer	$42,917	$211	$43,128

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	$130,612	$276,267	$7,668	$-145,655
2021	$250,591	$351,300	$153,323	$-100,709
2020	$448,147	$368,486	$256,374	$79,661
2019	$681,703	$659,541	$176,962	$22,162
2018	$548,730	$713,427	$152,209	$-164,697

TURKISH HERITAGE ORGANIZATION INC