ROCHESTER ACADEMY OF SCIENCE CHARTER SCHOOL

EIN: 873701368 501(c)(3) Education

ROCHESTER, NY

Total Revenue
$6,304,052
Total Expenses
$5,950,852
Total Assets
$7,267,538
Net Assets
$1,256,566
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
NY
Principal Officer
DR JOSEPH B POLAT
Phone
7168542490
Tax Period
2024-07-01 to 2025-06-30

ROCHESTER ACADEMY OF SCIENCE CHARTER SCHOOL, founded in 2022, is a community nonprofit in the Education sector that reported $6.3M in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $6.0M left a modest 6% surplus.

Mission

BUFFSCI/ROCSCI WILL PROVIDE AN EXCELLENT K-12 ACADEMIC EXPERIENCE THAT ENSURES ALL STUDENTS ARE PREPARED FOR COLLEGE AND CAREERS OF THE HIGHEST POTENTIAL AS ACADEMICALLY, SOCIALLY, EMOTIONALLY AND PHYSICALLY WELL-ROUNDED AND CONTRIBUTING CITIZENS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $694,372
Program Service Revenue $5,601,190
Investment Income $1,604
Other Revenue $6,886
TOTAL REVENUE $6,304,052

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,665,055
Fundraising Expenses $0
Program Expenses $4,772,842
Other Expenses $2,285,797
TOTAL EXPENSES $5,950,852

Year-over-Year Comparison

2024 2023 Change
Revenue $6,304,052 $4,558,059 +0.4%
Expenses $5,950,852 $3,967,189 +0.5%
Net Income $353,200 $590,870 -0.4%
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

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Governance

Voting Members
6
Independent Members
6
Employees
64
Volunteers
6

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
10
$982,286
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ISMET MAMNOON PRESIDENT 0.50
Officer Director
$0 $0 $0
DR DAVID BANKS VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
DR MUSTAFA GOKCEK TREASURER 0.50
Officer Director
$0 $0 $0
KAREN WALLACE SECRETARY 0.50
Officer Director
$0 $0 $0
DR ONUR NACAKGEDIGI TRUSTEE 0.50
Director
$0 $0 $0
DR YASHODHARA SATCHIDANAND TRUSTEE 0.50
Director
$0 $0 $0
DR JOSEPH POLAT EXECUTIVE DIRECTOR 0.50
Officer
$0 $35,524 $232,864
JUSTIN BRAUN CHIEF ACADEMIC OFFICER 0.50
Officer
$0 $18,438 $146,760
GRAHAM VANDERZANDEN CHIEF FINANCIAL OFFICER 0.50
Officer
$0 $27,695 $147,592
MURAT KUCUKDUGENCI CHIEF OPERATIONS OFFICER 0.50
Officer
$0 $28,243 $153,566
MUSTAFA ERSOY CHIEF TALENT OFFICER 0.50
Officer
$0 $29,322 $159,572
GIRAY GEBES CHIEF DATA OFFICER 0.50
Officer
$0 $27,175 $141,932
DAVID MCBRIDE PRINCIPAL 40.00
Highest
$116,815 $11,810 $128,625
DENIZ YAMAN PRINCIPAL 40.00
Highest
$109,826 $27,257 $137,083
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
2025 $6,304,052 $5,950,852 $7,267,538 $353,200
2024 $4,558,059 $3,967,189 $6,964,288 $590,870
2023 $2,595,340 $2,173,928 $6,503,634 $421,412
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