PEACE & FRIENDSHIP SOCIETY OF CENT… - Form 990 Financial Data

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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

2017

Legal Domicile

Principal Officer

OMAR AKDENIZ

Phone

4073017352

Tax Period

2023-01-01 to 2023-12-31

PEACE & FRIENDSHIP SOCIETY OF CENTRAL FLORIDA INC, founded in 2017, is a small nonprofit in the Education sector that reported $192K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $307K exceeded revenue, resulting in a 60% operating deficit.

Mission

THE MISSION IS TO BUILD A BETTER AND MORE PEACEFUL COMMUNITY BY ENCOURAGING AND FACILITATING GREATER UNDERSTANDING OF, RESPECT FOR COOPERATION AMONG DIFFERENT CULTURE AND COMMUNITIES IN CENTRAL FLORIDA

Program Service Accomplishments

Program 1

Expenses: $277,932

HELPING ORGANIZATIONS REVISIT THEIR OBJECTIVES, MISSIONS, AND GOALS, AND REVISE THEM IF NECESSARY PROVIDE MEDIA TRAINING TO REPRESENTATIVES AND SPOKEPERSONS HELP CREATE TALKING POINTS IN ISSUES...

HELPING ORGANIZATIONS REVISIT THEIR OBJECTIVES, MISSIONS, AND GOALS, AND REVISE THEM IF NECESSARY PROVIDE MEDIA TRAINING TO REPRESENTATIVES AND SPOKEPERSONS HELP CREATE TALKING POINTS IN ISSUES PERTAINING TO ORGANIZATIONS HELP ORGANIZATIONS PUT TOGETHER SEMINARS AND CONFERENCES PROVIDE SPEAKERS FOR SEMINARS COORDINATE THIRD PARTY ENGAGEMENTS WITH THE ORGANIZATIONS TO ENHANCE THEIR SCOPE AND REACH PLAN AND EXECUTE CRISES MANAGEMENT IN COORDINATION WITH RELATED ORGANIZATIONS RECEIVING 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 (2023)

Revenue Breakdown

Contributions & Grants $192,244

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $192,244

Expense Breakdown

Grants Paid $15,000

Salaries & Benefits $79,233

Fundraising Expenses $0

Program Expenses $277,932

Other Expenses $212,722

TOTAL EXPENSES $306,955

Year-over-Year Comparison

	2023	2022	Change
Revenue	$192,244	$153,239	+0.3%
Expenses	$306,955	$155,928	+1.0%
Net Income	$-114,711	$-2,689	+41.7%

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

$72,773

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OMAR AKDENIZ	PRESIDENT	2.000	Director	$0	$0	$0
CHARLES S ALTUNAM	SECRETARY	2.000	Director	$0	$0	$0
HARUN KOC	MEMBER	2.000	Director	$0	$0	$0
RAMAZAN TAM	MEMBER	2.000	Director	$0	$0	$0
MERYEM GUNARSLAN	MEMBER	2.000	Director	$0	$0	$0
MUSTAFA YUCEKAYA	DIRECTOR	40.00	Officer	$72,773	$0	$72,773

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	$192,244	$306,955	$463,803	$-114,711
2022	$153,239	$155,928	$574,965	$-2,689
2021	$118,501	$228,672	$589,015	$-110,171
2020	$93,473	$97,099	$521,654	$-3,626
2019	$136,724	$124,894	$462,880	$11,830

PEACE & FRIENDSHIP SOCIETY OF CENTRAL FLORIDA INC