SPRING EDUCATIONAL SERVICES INC (EIN 842882958) - 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

2019

Legal Domicile

Principal Officer

MEHMET K KORUCU

Phone

4044271473

Tax Period

2023-01-01 to 2023-12-31

SPRING EDUCATIONAL SERVICES INC, founded in 2019, is a small nonprofit in the Education sector that reported $542K in total revenue in fiscal year 2023. Revenue surged 79% from the prior year, signaling strong growth momentum. Expenses of $512K left a modest 6% surplus.

Mission

SEE ORGANIZATIONS PRIMARY PURPOSES

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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 $220,738

Program Service Revenue $321,044

Investment Income $0

Other Revenue $0

TOTAL REVENUE $541,782

Expense Breakdown

Grants Paid $0

Salaries & Benefits $316,274

Fundraising Expenses $0

Program Expenses $436,493

Other Expenses $195,390

TOTAL EXPENSES $511,664

Year-over-Year Comparison

	2023	2022	Change
Revenue	$541,782	$302,188	+0.8%
Expenses	$511,664	$305,150	+0.7%
Net Income	$30,118	$-2,962	-11.2%

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

$62,750

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEHMET K KORUCU	PRESIDENT	2.000	Director	$0	$0	$0
MEHMET UGUR	SECRETARY	2.000	Director	$0	$0	$0
NUMAN OZDEMIR	TREASURER	2.000	Director	$0	$0	$0
AHMET KOKER	MEMBER	2.000	Director	$0	$0	$0
KENAN SENER	MEMBER	2.000	Director	$0	$0	$0
HUSEYIN DEMIRHAN	EXECUITVE DIRECTOR	40.00	Officer	$62,750	$0	$62,750

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	$541,782	$511,664	$38,213	$30,118
2022	$302,188	$305,150	$8,095	$-2,962
2021	$112,253	$112,360	$1,512	$-107

SPRING EDUCATIONAL SERVICES INC