TURKISH AMERICAN ASSOCIATION OF CA… - Form 990 Financial Data

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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

1975

Legal Domicile

Principal Officer

NALAN OZISIK

Phone

6504508567

Tax Period

2024-01-01 to 2024-12-31

TURKISH AMERICAN ASSOCIATION OF CALIFORNIA, founded in 1975, is a small nonprofit in the Arts, Culture & Humanities sector that reported $148K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $163K exceeded revenue, resulting in a 10% operating deficit.

Mission

SPONSORSHIP OF VARIOUS CULTURAL EVENTS AND ACTIVITIES THATFACILITATE IMPROVED UNDERSTANDING OF THE TURKISH CULTURE HISTORYAND PEOPLE.

Program Service Accomplishments

Program 1

Expenses: $28,898

SPONSORSHIP OF VARIOUS CULTURAL EVENTS AND ACTIVITIES THAT FACILITATE IMPROVED UNDERSTANDING OF THE TURKISH CULTURE HISTORY AND PEOPLE.

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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 $147,719

Program Service Revenue $0

Investment Income $43

Other Revenue $0

TOTAL REVENUE $147,762

Expense Breakdown

Grants Paid $16,251

Salaries & Benefits $0

Fundraising Expenses $134,170

Program Expenses $28,898

Other Expenses $146,817

TOTAL EXPENSES $163,068

Year-over-Year Comparison

	2024	2023	Change
Revenue	$147,762	$207,209	-0.3%
Expenses	$163,068	$164,927	0.0%
Net Income	$-15,306	$42,282	-1.4%

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

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
NALAN OZISIK	PRESIDENT	1.00	Officer	$0	$0	$0
ORGUL EROGLU	VICE PRESIDENT TREASURE	1.00	Officer	$0	$0	$0
OZDEN MATSU	BOARD MEMBER	1.00	Officer	$0	$0	$0
BERNA ATIK WATSON	BOARD MEMBER	0.00	Officer	$0	$0	$0
SINAN ONALAN	BOARD MEMBER	0.00	Officer	$0	$0	$0
DERYA SENYURT ELZEIN	SECRETARY	0.00	Officer	$0	$0	$0
DEMET CANDAS	COMMUNICATIONS	0.00	Officer	$0	$0	$0
TANSULE TOSUN	BOARD MEMBER	0.00	Officer	$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	$147,762	$163,068	$165,177	$-15,306
2023	$207,209	$164,927	$179,643	$42,282

TURKISH AMERICAN ASSOCIATION OF CALIFORNIA