ILEARN SCHOOLS INC

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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

2015

Legal Domicile

Principal Officer

MUSTAFA COBAN

Phone

2017739140

Tax Period

2022-07-01 to 2023-06-30

ILEARN SCHOOLS INC, founded in 2015, is a mid-sized nonprofit in the Education sector that reported $12.6M in total revenue in fiscal year 2022. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.8M, a strong 30% operating margin.

Mission

ILEARN SCHOOLS, INC. IS A NON-PROFIT CHARTER MANAGEMENT ORGANIZATION (CMO) THAT PROVIDES SPECIALIZED EDUCATIONAL AND MANAGEMENT SERVICE INCLUDING OPERATIONAL AND ADMINISTRATIVE SUPPORT FOR SCHOOLS.

Program Service Accomplishments

Program 1

Expenses: $6,131,118 Revenue: $12,554,214

ILEARN SCHOOLS, INC. IS A NON-PROFIT CHARTER MANAGEMENT ORGANIZATION (CMO) THAT PROVIDES SPECIALIZED EDUCATIONAL AND MANAGEMENT SERVICES INCLUDING OPERATIONAL AND ADMINISTRATIVE SUPPORT FOR SCHOOLS. DURING THE YEAR ENDED JUNE 30, 2023, IT SUPPORTED FIVE CHARTER SCHOOLS (FOUR IN NEW JERSEY AND ONE IN THE BRONX, NEW YORK CITY).

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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 $81,394

Program Service Revenue $10,563,120

Investment Income $2,038

Other Revenue $1,991,094

TOTAL REVENUE $12,637,646

Expense Breakdown

Grants Paid $289,112

Salaries & Benefits $5,310,806

Fundraising Expenses $9,272

Program Expenses $6,131,118

Other Expenses $3,281,048

TOTAL EXPENSES $8,880,966

Year-over-Year Comparison

	2022	2021	Change
Revenue	$12,637,646	$10,581,989	+0.2%
Expenses	$8,880,966	$7,159,930	+0.2%
Net Income	$3,756,680	$3,422,059	+0.1%

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

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

$326,014

Total Directors

Key Employees

$236,918

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NIHAT GUVERCIN	CEO	39.00	Key Emp	$216,002	$20,916	$236,918
YANIVIS HAGE	CHIEF TALENT	39.00	Highest	$151,943	$17,862	$169,805
AARON KUL	COO	39.00	Officer	$146,559	$19,919	$166,478
FERIT ORCUN	CHIEF INNOVA	40.00	Highest	$141,080	$19,508	$160,588
MUSTAFA COBAN	CFO	39.00	Officer	$145,909	$13,627	$159,536
FAHRI ARSLAN	DIR. OF FACI	39.00	Highest	$138,759	$19,353	$158,112
GURKAN KOSE	CHIEF ACAD.	40.00	Highest	$141,030	$10,390	$151,420
MARJORIE RENAHAN	CHIEF SPECIA	40.00	Highest	$121,012	$8,613	$129,625
JOSE MARTINEZ	PRESIDENT	2.00	Officer Director	$0	$0	$0
GLENNY ADAMES	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
PERNO YOUNG	TREASURER	2.00	Officer Director	$0	$0	$0
OZGUR DOGRU	TRUSTEE	2.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$12,637,646	$8,880,966	$17,435,341	$3,756,680
2022	$10,581,989	$7,159,930	$13,134,703	$3,422,059
2021	$8,692,177	$6,236,688	$13,400,113	$2,455,489
2020	$7,299,630	$5,558,658	$8,793,547	$1,740,972
2019	$5,881,482	$5,310,094	$7,182,091	$571,388
2018	$4,873,722	$4,039,412	$1,324,298	$834,310