HARMONY PUBLIC SCHOOLS (EIN 760615245) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1999

Legal Domicile

Principal Officer

FATIH AY

Phone

7133433333

Tax Period

2024-07-01 to 2025-06-30

HARMONY PUBLIC SCHOOLS, founded in 1999, is a major nonprofit in the Education sector that reported $609.9M in total revenue in fiscal year 2024. Expenses of $576.8M left a modest 5% surplus.

Mission

HARMONY PUBLIC SCHOOLS PREPARES EACH AND EVERY STUDENT FOR COLLEGE AND CAREER BY PROVIDING A SAFE, CARING AND COLLABORATIVE ATMOSPHERE AND A QUALITY STUDENT-CENTERED EDUCATIONAL PROGRAM WITH A STRONG EMPHASIS ON SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $591,276,808

Program Service Revenue $10,225,165

Investment Income $8,429,301

Other Revenue $0

TOTAL REVENUE $609,931,274

Expense Breakdown

Grants Paid $0

Salaries & Benefits $370,412,741

Fundraising Expenses $0

Program Expenses $538,961,382

Other Expenses $206,417,048

TOTAL EXPENSES $576,829,789

Year-over-Year Comparison

	2024	2023	Change
Revenue	$609,931,274	$599,382,307	+0.0%
Expenses	$576,829,789	$561,933,836	+0.0%
Net Income	$33,101,485	$37,448,471	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

5909

Volunteers

818

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

$3,228,460

Total Directors

Key Employees

$280,759

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR HAKDURAN KOC	BOARD SECRETARY	5.00	Officer Director	$0	$0	$0
DR ONER U CELEPCIKAY	BOARD PRESIDENT	5.00	Officer Director	$0	$0	$0
LAURA GONZALEZ	MEMBER	5.00	Director	$0	$0	$0
DR SIMON KOCH	MEMBER	5.00	Director	$0	$0	$0
KIMBERLY HOUSE	MEMBER	5.00	Director	$0	$0	$0
DR MEHMET ARGIN	TREASURER	5.00	Officer Director	$0	$0	$0
HELEN SHERWOOD	SECOND VICE CHAIR	5.00	Officer Director	$0	$0	$0
NIHAT BAYHAN	DEPUTY SUPERINTENDENT OF OPERATIONS/BUSINESS	40.00	Officer	$153,029	$22,741	$175,770
EMIN CAVUSOGLU	DEPUTY SUPERINTENDENT	40.00	Officer	$150,844	$22,813	$173,657
METIN EKREN	CHIEF INTERNAL AUDITOR	40.00	Officer	$144,098	$20,193	$164,291
YALCIN AKYILDIZ	CHIEF ADVANCEMENT OFFICER	40.00	Officer	$140,859	$31,964	$172,823
RAMAZAN COSKUNER	AREA SUPERINTENDENT	40.00	Officer	$140,007	$22,288	$162,295
KAAN CAMUZ	CHIEF PUBLIC RELATIONS OFFICER	40.00	Officer	$138,194	$21,853	$160,047
HARUN KARAN	AREA SUPERINTENDENT	40.00	Officer	$134,858	$28,365	$163,223
SALIH AYKAC	CHIEF COLLEGE AND CAREER OFFICER	40.00	Officer	$133,169	$21,577	$154,746
GINA GREGORY	CHIEF DEVELOPMENT OFFICER	40.00	Officer	$131,572	$24,825	$156,397
BULENT COBAN	CHIEF OPERATING OFFICER	40.00	Officer	$130,564	$19,129	$149,693
ANDY AYYILDIZ	CHIEF PROGRAM OFFICER	40.00	Officer	$129,328	$21,181	$150,509
EMRE ALTUNKOPRU	CHIEF HUMAN RESOURCES OFFICER	40.00	Officer	$127,947	$20,477	$148,424
MINH BACA	CHIEF COMPLIANCE OFFICER	40.00	Officer	$126,895	$20,660	$147,555
RECEP YILMAZ	AREA SUPERINTENDENT	40.00	Officer	$126,294	$19,302	$145,596
SERENA JACKSON	AREA SUPERINTENDENT	40.00	Officer	$125,781	$23,228	$149,009
JOHN BOYD	CHIEF COMMUNICATIONS OFFICER	40.00	Officer	$125,735	$22,541	$148,276
KAMIL YILMAZ	AREA SUPERINTENDENT	40.00	Officer	$123,973	$19,309	$143,282
TALITHA ALEXANDER	CHIEF CORPORATE ENGAGEMENT OFFICER	40.00	Officer	$122,883	$18,857	$141,740
MUSTAFA ALTINDAG	AREA SUPERINTENDENT	40.00	Officer	$122,808	$24,141	$146,949
EBRU AKYILDIZ	CHIEF FINANCIAL OFFICER	40.00	Officer	$122,736	$9,470	$132,206
SELCUK BAKIR	AREA SUPERINTENDENT	40.00	Officer	$121,386	$20,586	$141,972
FATIH AY	CHIEF EXECUTIVE OFFICER	40.00	Key Emp	$242,164	$38,595	$280,759
UMIT ALPASLAN	SENIOR DEPUTY SUPERINTENDENT	40.00	Highest	$186,406	$27,334	$213,740
DAVID AKDEMIR	EXECUTIVE DIRECTOR	40.00	Highest	$151,381	$0	$151,381
ABDULRASIT AVSAR	EXECUTIVE DIRECTOR-GLOBAL TALENT SOURCING	40.00	Highest	$144,338	$11,185	$155,523
ERDAL CAGLAR	EXECUTIVE DIRECTOR-EXPANSION AND CONSTRUCTION	40.00	Highest	$142,441	$21,314	$163,755
DAMON POLAT	EXECUTIVE DIRECTOR-INSTITUTIONAL RESEARCH AND DEVE	40.00	Highest	$141,008	$21,249	$162,257

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	$609,931,274	$576,829,789	$1,373,091,733	$33,101,485
2024	$599,382,307	$561,933,836	$1,227,684,193	$37,448,471
2023	$548,949,291	$522,072,603	$1,014,829,003	$26,876,688
2022	$499,142,320	$484,245,771	$922,634,599	$14,896,549
2021	$435,592,785	$405,873,566	$764,243,415	$29,719,219
2020	$405,254,911	$392,723,970	$681,305,210	$12,530,941
2019	$366,463,490	$344,466,736	$623,687,494	$21,996,754
2018	$345,542,072	$335,164,141	$516,815,865	$10,377,931

HARMONY PUBLIC SCHOOLS