TURKISH AMERICAN COMMUNITY CENTER INC (EIN 521827831) - 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

1993

Legal Domicile

Principal Officer

AHMET SALIH BAYRAKTAR

Phone

3013469677

Tax Period

2024-01-01 to 2024-12-31

TURKISH AMERICAN COMMUNITY CENTER INC, founded in 1993, is a community nonprofit in the Religion sector that reported $3.5M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $6.5M exceeded revenue, resulting in a 84% operating deficit.

Mission

To unite the Turkish-American and Muslim communities in a common place of worship and religious education center to operate a cultural center with a mosque that provides religious, educational and charitable services.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,011,883

Program Service Revenue $1,462,569

Investment Income $0

Other Revenue $1,044,867

TOTAL REVENUE $3,519,319

Expense Breakdown

Grants Paid $38,300

Salaries & Benefits $995,460

Fundraising Expenses $1,059,632

Other Expenses $5,456,340

TOTAL EXPENSES $6,490,100

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,519,319	$4,470,607	-0.2%
Expenses	$6,490,100	$6,555,143	0.0%
Net Income	$-2,970,781	$-2,084,536	+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

N/A

Employees

Volunteers

N/A

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

$33,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AHMET SALIH BAYRAKTAR	EXECUTIVE DIRECTOR	040.00	Key Emp	$33,000	$0	$33,000
HULYA ESIN EROGLU	SECRETARY	008.00	Officer Director	$0	$0	$0
HARUN BOLUKBASI	BOARD MEMBER	005.00	Director	$0	$0	$0
ISMAIL USLU	TREASURER	008.00	Officer Director	$0	$0	$0
YUKSEL ABA	ACTING CHAIRMAN	010.00	Officer Director	$0	$0	$0
ECE KILIC	BOARD MEMBER	005.00	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	$3,519,319	$6,490,100	$78,623,085	$-2,970,781
2023	$4,470,607	$6,555,143	$81,765,393	$-2,084,536
2022	$2,657,649	$5,161,801	$83,712,333	$-2,504,152
2021	$2,915,322	$5,152,313	$86,289,418	$-2,236,991
2020	$1,716,498	$4,608,018	$88,452,336	$-2,891,520
2019	$3,101,769	$6,136,602	$90,765,751	$-3,034,833
2018	$4,016,130	$5,937,387	$93,742,606	$-1,921,257

TURKISH AMERICAN COMMUNITY CENTER INC