core education services inc (EIN 822107962) - 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

Principal Officer

JOHN AVCU

Tax Period

2023-01-01 to 2023-12-31

CORE EDUCATIONAL SERVICES, founded in 2017, is a small nonprofit in the Education sector that reported $351K in total revenue in fiscal year 2018. Revenue surged 247% from the prior year, signaling strong growth momentum. Expenses of $335K left a modest 5% surplus.

Mission

TO PROVIDE EDUCATIONAL SERVICES YOUTS TO SUPPORT DEVELOPMENT OF THEIR ACADEMIC AND SOCIAL CAPITALS

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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 $828,690

Program Service Revenue $603,199

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,431,889

Expense Breakdown

Grants Paid $355,732

Salaries & Benefits $384,056

Fundraising Expenses $0

Program Expenses $1,451,001

Other Expenses $733,444

TOTAL EXPENSES $1,473,232

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,431,889	$927,319	+0.5%
Expenses	$1,473,232	N/A	N/A
Net Income	$-41,343	$927,319	-1.0%

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

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

$145,084

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sercan T Avcu	EXECUTIVE DIRE	40	Officer	$83,694	$0	$83,694
VIJDAN KORMAN	PRESIDENT	2	Director	$0	$0	$0
SUKRU DOGAN	SECRETARY	2	Director	$0	$0	$0
EVREN CULHA	TREASURER	1	Director	$0	$0	$0
NECMI MUTLU	MEMBER	1	Director	$0	$0	$0
EBRU KAYA	CO-DIRECTOR	40	Officer	$61,390	$0	$61,390
NEBAHAT CETINK	MEMBER	1	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	$1,431,889	$1,473,232	$63,903	$-41,343
2022	$927,319	$1,044,674	$87,790	$-117,355
2021	$656,342	$524,697	$170,122	$131,645
2020	$205,655	$315,043	$48,510	$-109,388
2019	$252,133	$275,243	$4,971	$-23,110
2018	$351,141	$335,069	$4,093	$16,072

core education services inc