VISIONARY SCHOOLS BENEFIT PLAN (EIN 476908131) - 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

2015

Legal Domicile

Principal Officer

JOHN AYTEKIN

Phone

8478243380

Tax Period

2023-01-01 to 2023-12-31

VISIONARY SCHOOLS BENEFIT PLAN, founded in 2015, is a community nonprofit in the Mutual Benefit sector that reported $9.9M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE A DEFINED CONTRIBUTION HEALTH AND WELFARE PLAN COVERING SUBSTANTIALLY ALL FULL-TIME EMPLOYEES OF THE PARTICIPATING SCHOOLS OF THE ASSOCIATION OF VISIONARY SCHOOLS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $9,918,595

Investment Income $0

Other Revenue $0

TOTAL REVENUE $9,918,595

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $5,135

TOTAL EXPENSES $10,275,452

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,918,595	$8,123,513	+0.2%
Expenses	$10,275,452	$7,564,243	+0.4%
Net Income	$-356,857	$559,270	-1.6%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
MUSTAFA ADA	PRESIDENT	1.00	Officer Director	$0	$0	$0
JESSICA SHOAF	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ALYSSE PENNINGTON	SECRETARY	1.00	Officer Director	$0	$0	$0
UGUR ZENGINCE	TREASURER	1.00	Officer Director	$0	$0	$0
ABDURRAHMAN AKKUREK	BOARD MEMBER	1.00	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
2024	No data	No data	No data	No data
2023	$9,918,595	$10,275,452	$1,311,954	$-356,857
2022	$8,123,513	$7,564,243	$608,017	$559,270
2021	$6,389,706	$6,550,750	$261,285	$-161,044
2020	$5,966,345	$6,045,761	$395,743	$-79,416
2019	$5,930,258	$5,981,013	$310,495	$-50,755

VISIONARY SCHOOLS BENEFIT PLAN