ATATURK HERITAGE INC

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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

AYSELI TURGUT

Tax Period

2023-07-01 to 2024-06-30

ATATURK HERITAGE INC, founded in 2021, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $65K in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $109K exceeded revenue, resulting in a 69% operating deficit.

Mission

PROMOTES TURKISH CULTURE, DIVERSITY, TO PROVIDE CIVIC AND SOCIAL ENGAGEMENT OPPORTUNITIES AMONG PEOPLE OF TURKISH ORIGIN AND INCREASE AWARENESS OF TURKISH VALUES.

Program Service Accomplishments

Program 1

Expenses: $73,987 Revenue: $52,361

membership dues and assessments

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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 $74,303

Program Service Revenue $0

Investment Income $0

Other Revenue $-9,638

TOTAL REVENUE $64,665

Expense Breakdown

Grants Paid $35,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $73,987

Other Expenses $30,448

TOTAL EXPENSES $108,987

Year-over-Year Comparison

	2023	2022	Change
Revenue	$64,665	$125,694	-0.5%
Expenses	$108,987	$81,155	+0.3%
Net Income	$-44,322	$44,539	-2.0%

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

N/A

Independent Members

N/A

Employees

N/A

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
NECMIYE KACAROGLU	ORGANIZER	N/A	Director	$0	$0	$0
AYSELI TURGUT	DIRECTOR	N/A	Director	$0	$0	$0
NERIMAN YILMAZ	DIRECTOR	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	$64,665	$108,987	No data	$-44,322