THE KARDELEN PROJECT ACTION INC (EIN 861590466) - 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

2021

Legal Domicile

Principal Officer

MADELEINE JOELSON

Phone

9082561660

Tax Period

2022-01-01 to 2022-12-31

THE KARDELEN PROJECT ACTION INC, founded in 2021, is a small nonprofit that reported $285K in total revenue in fiscal year 2022. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $349K exceeded revenue, resulting in a 22% operating deficit.

Mission

TO SUPPORT THE TURKISH PEOPLE AND EDUCATE THE BROADER GENERAL PUBLIC ON THE EROSION OF THE FREE DEMOCRATIC INSTITUTIONS IN TURKEY AS WELL AS THE VIOLATION OF HUMAN RIGHTS, AND TO MOBILIZE PUBLIC OPINION IN SUPPORT OF NEW POLICIES IN TURKEY THAT PROMOTE EQUITY, JUSTICE, TOLERANCE, AND THE MAINTENANCE OF FREE DEMOCRATIC INSTITUTIONS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $285,000

Program Service Revenue $0

Investment Income $60

Other Revenue $0

TOTAL REVENUE $285,060

Expense Breakdown

Grants Paid $0

Salaries & Benefits $157,337

Fundraising Expenses $8,066

Program Expenses $321,464

Other Expenses $191,192

TOTAL EXPENSES $348,529

Year-over-Year Comparison

	2022	2021	Change
Revenue	$285,060	$370,009	-0.2%
Expenses	$348,529	$260,032	+0.3%
Net Income	$-63,469	$109,977	-1.6%

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

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

$133,079

Total Directors

$133,079

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK WALLACE	CHIEF EXECUTIVE OFFICER	10.00	Officer Director	$0	$0	$0
MADELEINE JOELSON	EXECUTIVE DIRECTOR/SECRETARY	20.00	Officer Director	$121,134	$11,945	$133,079

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
2022	$285,060	$348,529	$65,508	$-63,469
2021	$370,009	$260,032	$110,577	$109,977

THE KARDELEN PROJECT ACTION INC