Bright Choice Foundation

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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

OZKAN SERENLI

Phone

8324499639

Tax Period

2024-01-01 to 2024-12-31

Bright Choice Foundation, founded in 2021, is a small nonprofit in the Education sector that reported $698K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum.

Mission

BRIGHT CHOICE FOUNDATION IS A NON-PROFIT 501 (C)(3) EDUCATIONA, CHARITABLE. SOCAIL AND CULTURAL ORGANIZATION FOUNDED.PROGRAMS RUN ARE TURKISH CULTURE AND CHILDREN FESTIVALS, TURKISH LANGUAGE OLYMPIAD AND TRIPS.

Program Service Accomplishments

Program 1

Expenses: $635,704 Revenue: $697,925

ACHIEVEMENTS INCLUDE EDUCATIONAL AND CHARITABLE SERVICES PROVIDED THROUGH COMMUNITY CENTERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $697,925

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $697,925

Expense Breakdown

Grants Paid $0

Salaries & Benefits $284,036

Fundraising Expenses $0

Program Expenses $635,704

Other Expenses $411,072

TOTAL EXPENSES $695,108

Year-over-Year Comparison

	2024	2023	Change
Revenue	$697,925	$492,742	+0.4%
Expenses	$695,108	$537,261	+0.3%
Net Income	$2,817	$-44,519	-1.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gulay Turgut	Director	N/A	Director	$0	$0	$0
JENNIFER AK	VICE-CHAIRMAN	N/A	Director	$0	$0	$0
OSMAN GULLE	TREASURER	N/A	Director	$0	$0	$0
MESUT ATIK	Assistant Secretary	N/A	Director	$0	$0	$0
Oguzhan Duran	Director	N/A	Director	$0	$0	$0
KERIME SARI	SECRETARY	N/A	Director	$0	$0	$0
zkan Serenli	CEO	40.00	Officer	$0	$0	$0
Yalcin Demirbas	Treasury	N/A	Director	$0	$0	$0
Mehmet Okumus	Chairman	N/A	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	$697,925	$695,108	$30,310	$2,817
2023	$492,742	$537,261	$27,493	$-44,519
2022	$110,021	$77,951	No data	$32,070
2021	$50,100	$14,433	No data	$35,667