ATLANTIC CULTURAL CONNECTIONS INC (EIN 844454237) - 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

2020

Legal Domicile

Principal Officer

AVNI COKAVCI

Phone

7707440562

Tax Period

2023-01-01 to 2023-12-31

ATLANTIC CULTURAL CONNECTIONS INC, founded in 2020, is a small nonprofit in the Human Services sector that reported $374K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $430K exceeded revenue, resulting in a 15% operating deficit.

Mission

ATLANTIC CULTURAL CONNECTIONS (ACC) HAS BEEN ORGANIZED TO PROVIDE CULTURAL EXCHANGE, EDUCATION, AND AWARENESS. MORE SPECIFICALLY, THE ORGANIZATION WILL PROVIDE EDUCATION AND PROMOTE AWARENESS ON THE TURKISH-AMERICAN CULTURE AND HERITAGE, AS WELL AS ORGANIZE THE CULTURAL EXCHANGE BETWEEN EXISTING TURKISH-AMERICAN NONPROFIT ORGANIZATIONS AND LOCAL COMMUNITIES ACROSS THE SOUTHEASTERN UNITED STATES. BY PROVIDING THESE PROGRAMS, ACC WILL ASSIST IN STRENGTHENING THE TURKISH-AMERICAN CULTURE AND COMMUNITY.

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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 $134,167

Program Service Revenue $239,627

Investment Income $29

Other Revenue $0

TOTAL REVENUE $373,823

Expense Breakdown

Grants Paid $19,000

Salaries & Benefits $171,019

Fundraising Expenses $0

Program Expenses $236,172

Other Expenses $239,584

TOTAL EXPENSES $429,603

Year-over-Year Comparison

	2023	2022	Change
Revenue	$373,823	$412,767	-0.1%
Expenses	$429,603	$378,868	+0.1%
Net Income	$-55,780	$33,899	-2.6%

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

$87,408

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MURAT POLAT	PRESIDENT	1.00	Officer Director	$0	$0	$0
NUMAN OZDEMIR	SECRETARY	1.00	Officer Director	$0	$0	$0
AVNI COKAVCI	TREASURER	5.00	Officer Director	$0	$0	$0
TEYFIK AYDINLIOGLU	EXECUTIVE DIRECTOR	40.00	Officer	$87,408	$0	$87,408

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	$373,823	$429,603	$65,115	$-55,780
2022	$412,767	$378,868	$198,391	$33,899
2021	$266,331	$234,375	$76,819	$31,956

ATLANTIC CULTURAL CONNECTIONS INC