EDEP ACADEMY HOMESCHOOL INC (EIN 813591104) - 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

2016

Legal Domicile

Principal Officer

ASIM KABAN

Phone

2018500059

Tax Period

2024-01-01 to 2024-12-31

EDEP ACADEMY HOMESCHOOL INC, founded in 2016, is a small nonprofit in the Education sector that reported $167K in total revenue in fiscal year 2024. Revenue surged 89% from the prior year, signaling strong growth momentum. Expenses of $156K left a modest 7% surplus.

Mission

AS EDEP ACADEMY OUR MISSION IS TO PROVIDE OUR STUDENTS ACADEMIC AND SPIRITUAL DEVELOPMENT AND STRENGTHEN THEIR CIVIC, MORAL, AND ETHICAL VALUES. WE ARE DEVOTED TO NURTURING AND CHALLENGING EACH STUDENT INTELLECTUALLY, EMOTIONALLY, SPIRITUALLY, MORALLY, AND SOCIALLY.

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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 $137,717

Program Service Revenue $28,843

Investment Income $0

Other Revenue $0

TOTAL REVENUE $166,560

Expense Breakdown

Grants Paid $0

Salaries & Benefits $135,249

Fundraising Expenses $0

Program Expenses $128,505

Other Expenses $20,404

TOTAL EXPENSES $155,653

Year-over-Year Comparison

	2024	2023	Change
Revenue	$166,560	$88,134	+0.9%
Expenses	$155,653	$70,866	+1.2%
Net Income	$10,907	$17,268	-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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASIM KABAN	EXECUTIVE DI	1.00	Officer	$0	$0	$0
OZLEM SUTCU	BOARD MEMBER	1.00	Officer	$0	$0	$0
ZEYNEP UNALAN	BOARD MEMBER	1.00	Officer	$0	$0	$0
ISMAIL YAZICI	BOARD MEMBER	1.00	Officer	$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	$166,560	$155,653	$229,382	$10,907
2023	$88,134	$70,866	$213,870	$17,268
2022	$123,636	$29,809	$203,075	$93,827
2021	$395,644	$511,258	$228,576	$-115,614
2020	$742,520	$650,677	$291,069	$91,843
2019	$486,434	$541,684	$29,487	$-55,250

EDEP ACADEMY HOMESCHOOL INC