ASSEMBLY OF TURKISH AMERICAN ASSOCIATIONS (EIN 521204665) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1980

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

ASSEMBLY OF TURKISH AMERICAN ASSOCIATIONS, founded in 1980, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $38K in total revenue in fiscal year 2018. Revenue fell 87% from the prior year — a significant decline worth monitoring. Expenses of $102K exceeded revenue, resulting in a 165% operating deficit.

Mission

AN INFLUENTIAL AND FAST GROWING ORGANIZATION THAT PURSUES THE INTERESTS OF TURKISH AMERICANS AND FRIENDS OF TURKEY IN WASHINGTON AND BEYOND, AS WELL AS CONTRUBUTES TO THE STRENGHTENING OF RELATIONS BETWEEN THE UNITED STATES AND TURKEY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $153,165

Program Service Revenue $0

Investment Income $93,449

Other Revenue $0

TOTAL REVENUE $246,614

Expense Breakdown

Grants Paid $11,034

Salaries & Benefits $69,444

Fundraising Expenses $3,225

Program Expenses $146,228

Other Expenses $90,578

TOTAL EXPENSES $171,056

Year-over-Year Comparison

	2023	2022	Change
Revenue	$246,614	$-26,382	-10.3%
Expenses	$171,056	$92,738	+0.8%
Net Income	$75,558	$-119,120	-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

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
BESIM HASAR	VP MIDATLANTIC REGION	1.00	Director	$0	$0	$0
YUCEL B TAVOLARA	VP MIDWEST REGION	1.00	Director	$0	$0	$0
TUFAN ERDINC	VP NORTHWEST REGION	0.00	Director	$0	$0	$0
ENGIN ATES	VP MID CENTRAL REGION	1.00	Director	$0	$0	$0
YENAL KUCUKER	VP CAPITAL REGION	1.00	Director	$0	$0	$0
ALEV WIELAND	VP SOUTHWEST REGION	1.00	Director	$0	$0	$0
LEVENT ONAT	VP SOUTHEAST REGION	1.00	Director	$0	$0	$0
MAZLUM KOSMA	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
ERDAL SIPAHI	SECRETARY	0.00	Officer Director	$0	$0	$0
MEHMET E YAYA	TREASURER	1.00	Officer Director	$0	$0	$0
NILUFER E BILGIN	PRESIDENT	1.00	Officer 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	$246,614	$171,056	$1,018,056	$75,558
2022	$-26,382	$92,738	$942,498	$-119,120
2021	$161,770	$92,417	$1,061,618	$69,353
2020	$139,118	$88,177	$1,006,136	$50,941
2019	$181,859	$150,479	$942,699	$31,380
2018	$38,296	$101,563	$911,330	$-63,267

ASSEMBLY OF TURKISH AMERICAN ASSOCIATIONS