ADVANCED SCHOOLS INC (EIN 881885287) - 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

2023

Legal Domicile

Principal Officer

TURGAY KARAGOZ

Phone

9086662087

Tax Period

2023-01-01 to 2023-12-31

ADVANCED SCHOOLS INC, founded in 2023, is a small nonprofit in the Education sector that reported $931K in total revenue in fiscal year 2023. Expenses of $832K left a modest 11% surplus.

Mission

ADVANCED SCHOOLS, INC. WILL BE SPECIFICALLY GEARED TOWARDS SUPPORTING MIDDLESEX COUNTY STEM CHARTER SCHOOL AND OTHER UNDERSERVED CHARTER SCHOOLS, SUPPLYING AN OUTSOURCED ADMINISTRATION TEAM WITH SPECIALIZED KNOWLEDGE AND SKILLS TO IMPLEMENT CURRICULUM AND STRATEGIES ALIGNED WITH EACH CHARTER SCHOOL CLIENT'S MISSION AND TO OPERATE THE SCHOOLS TO SUBSTANTIALLY IMPROVE STUDENT ACADEMIC OUTCOMES. ANY PROCEEDS GENERATED BY ADVANCED SCHOOLS, INC. WILL BE REDISTRIBUTED IN A VARIETY OF WAYS, INCLUDING WITHOUT LIMITATION, AWARDING INDIVIDUAL SCHOLARSHIPS, SPONSORING EXTRACURRICULAR ACTIVITIES AND FUNDING OF STUDENT-RUN CLUBS AND FIELD TRIPS. IT IS ESTIMATED THAT THE REMAINING 20 PERCENT OF ADVANCED SCHOOLS, LNC.'S TIME WILL BE DEVOTED TO THESE AUXILIARY ACTIVITIES. IN THE AFOREMENTIONED WAYS, ADVANCED SCHOOLS, INC. WILL FULFILL ITS MISSION OF IMPROVING EDUCATIONAL OUTCOMES OF THE STUDENTS OF NEW JERSEY.

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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 $0

Program Service Revenue $655,839

Investment Income $0

Other Revenue $275,000

TOTAL REVENUE $930,839

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $831,881

Other Expenses $831,881

TOTAL EXPENSES $831,881

Year-over-Year Comparison

	2023	2022	Change
Revenue	$930,839	N/A	N/A
Expenses	$831,881	N/A	N/A
Net Income	$98,958	N/A	N/A

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

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
TURGAY KARAGOZ	CHAIRMAN OF THE BOARD	7.50	Officer Director	$0	$0	$0
SERDAR CHARYYEV	SECRETARY	7.50	Officer Director	$0	$0	$0
NANCY ROACHE	TREASURER	7.50	Officer 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	No data	No data	No data	No data
2023	$930,839	$831,881	$134,294	$98,958

ADVANCED SCHOOLS INC