BRASS FOUNDATION INCORPORATED

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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

DR JOSEPH POLAT

Phone

7168542490

Tax Period

2024-07-01 to 2025-06-30

BRASS FOUNDATION INCORPORATED, founded in 2021, is a community nonprofit in the Education sector that reported $2.6M in total revenue in fiscal year 2024. Net assets of $25.2M represent 118 months of operating reserves.

Mission

THE BUFFALO ROCHESTER ACADEMY OF SCIENCE SCHOOLS FOUNDATION, INC. (THE FOUNDATION) IS A NOT-FOR-PROFIT FOUNDATION THAT HOLDS PROPERTIES FOR THE BUFFALO AND ROCHESTER ACADEMIES OF SCIENCE CHARTER SCHOOLS (THE SCHOOLS). THE FOUNDATION'S PRIMARY PURPOSE IS TO SUPPORT THE OPERATION OF THE SCHOOLS' BY PROVIDING ASSISTANCE WITH THE SCHOOLS' REAL ESTATE AND FACILITIES RELATED NEEDS, AND BY RAISING FUNDS AND RESOURCES THAT WILL ENABLE THE FOUNDATION TO PROVIDE SUPPORT TO THE SCHOOLS TO ENHANCE THE EDUCATIONAL EXPERIENCE OF THE SCHOOLS' STUDENTS AND ALUMNI.

Program Service Accomplishments

Program 1

Expenses: $1,113,210 Revenue: $1,976,420

REGULAR EDUCATION: THE FOUNDATION SUPPORTS SCHOOLS (BUFFALO ACADEMY OF SCIENCE CHARTER SCHOOL AND ROCHESTER ACADEMY OF SCIENCE CHARTER SCHOOL, ALSO KNOWN AS BUFFSCI AND ROCSCI) WITH A CURRICULUM...

REGULAR EDUCATION: THE FOUNDATION SUPPORTS SCHOOLS (BUFFALO ACADEMY OF SCIENCE CHARTER SCHOOL AND ROCHESTER ACADEMY OF SCIENCE CHARTER SCHOOL, ALSO KNOWN AS BUFFSCI AND ROCSCI) WITH A CURRICULUM FOCUSED ON SCIENCE TECHNOLOGY, ENGINEERING, AND MATH. THE FOUNDATION MAINTAINS HIGH EXPECTAIONS FOR STUDENTS AND PROVIDES VARIED OPPORTUNITIES FOR STUDENTS TO GAIN SKILLS NECESSARY TO BE COMPETITIVE IN THE 21ST CENTURY MARKETPLACE.

Program 2

Expenses: $73,197 Revenue: $324,034

SPECIAL EDUCATION: THE FOUNDATION SUPPORTS SCHOOLS (BUFFSCI AND ROCSCI) THAT ARE OPEN TO ALL CHILDREN AND DOES NOT DISCRIMINATE BASED ON ETHNICITY, NATIONAL ORIGIN, GENDER, DISABILITY OR ANY OTHER...

SPECIAL EDUCATION: THE FOUNDATION SUPPORTS SCHOOLS (BUFFSCI AND ROCSCI) THAT ARE OPEN TO ALL CHILDREN AND DOES NOT DISCRIMINATE BASED ON ETHNICITY, NATIONAL ORIGIN, GENDER, DISABILITY OR ANY OTHER GROUNDS THAT WOULD BE UNLAWFUL OR DENY THE CIVIL RIGHTS OF ANY INDIVIDUAL IN ACCORDANCE WITH THE INDIVIDUALS WITH DISABILITIES EDUCATION ACT, THE REHABILITATION ACT SECTION 504, AND THE AMERICANS WITH DISABILITIES ACT, THE FOUNDATION PROVIDES A FREE AND APPROPRIATE EDUCATION IN THE LEAST RESTRICTIVE ENVIRONMENT TO STUDENTS WITH DISABILITIES. THE PRIMARY SERVICE DELIVERY FOR STUDENTS WITH SPECIAL NEEDS IS INCLUSION. SERVICES FOR STUDENTS REQUIRING SUPPLEMENTAL SERVICES ARE PROVIDED BY THE BRASS FOUNDATION.

Program 3

Expenses: $1,224,276

OTHER EDUCATIONAL SERVICES.

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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 $200,000

Program Service Revenue $2,300,454

Investment Income $26,254

Other Revenue $38,308

TOTAL REVENUE $2,565,016

Expense Breakdown

Grants Paid $450,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,410,683

Other Expenses $2,259,079

TOTAL EXPENSES $2,709,079

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,565,016	$2,529,396	+0.0%
Expenses	$2,709,079	$2,077,705	+0.3%
Net Income	$-144,063	$451,691	-1.3%

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

N/A

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

$840,354

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MUSTAFA GOKCEK PHD	MEMBER	0.50	Director	$0	$0	$0
TOLGA HAYALI PHD	PRESIDENT	0.50	Officer Director	$0	$0	$0
SELCUK SEDEMIRCI	MEMBER	0.50	Director	$0	$0	$0
DR JOSEPH POLAT	EXECUTIVE DIRECTOR	0.50	Officer	$0	$35,524	$232,864
MURAT KUCUKDUGENCI	CHIEF OPERATIONS OFFICER	0.50	Officer	$0	$28,243	$153,566
JUSTIN BRAUN	CHIEF ACADEMIC OFFICER	0.50	Officer	$0	$18,438	$146,760
MUSTAFA ERSOY	CHIEF TALENT OFFICER	0.50	Officer	$0	$29,322	$159,572
GRAHAM VANDERZANDEN	CHIEF FINANCIAL OFFICER	0.50	Officer	$0	$27,695	$147,592

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	$2,565,016	$2,709,079	$41,258,142	$-144,063
2024	$2,529,396	$2,077,705	$41,592,830	$451,691
2023	$21,313,261	$1,278,760	$42,398,028	$20,034,501