CENTER FOR ENTREPRENEURSHIP 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

2008

Legal Domicile

Principal Officer

PETER CHAROW

Phone

2028225000

Tax Period

2021-01-01 to 2021-12-31

CENTER FOR ENTREPRENEURSHIP INC, founded in 2008, is a small nonprofit that reported $874K in total revenue in fiscal year 2021. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 73% operating deficit.

Mission

CFE'S MISSION IS TO PROMOTE ECONOMIC DEVELOPMENT IN RUSSIA THROUGH ENTREPRENEURSHIP SPECIFICALLY, THE ORGANIZATION AIMS TO 1) TRAIN RUSSIAN ENTREPRENEURS TO ASSIST THEM IN DEVELOPING GROWING, HIGH PERFORMING ORGANIZATIONS, 2) PROMOTE ENTREPRENEURSHIP AS A POSITIVE FORCE FOR ECONOMIC VITALITY AND SOCIAL ADVANCEMENT, 3) ADVOCATE FOR POLICIES THAT FACILITATE THE ENTREPRENEURSHIP PROCESS, 4) ENCOURAGE OTHERS TO SUPPORT ENTREPRENEURSHIP, AND 5) ADVANCE ENTREPRENEURSHIP EDUCATION FOR YOUTH AND YOUNG ADULTS THROUGH THESE ACTIVITIES, THE ORGANIZATION AIMS TO BOLSTER THE ECONOMIC DEVELOPMENT OF RUSSIA.

Program Service Accomplishments

Program 1

Expenses: $956,934 Revenue: $242,807

CENTER FOR ENTREPRENEURSHIP (CFE) OFFERS CUSTOMIZED WORLDWIDE "BEST PRACTICE" PROGRAMS THAT IMPROVE AN ENTREPRENEUR'S FUNCTIONAL BUSINESS KNOWLEDGE AND DEVELOP SKILLS IMPORTANT FOR COMPANY SUCCESS IN AREAS SUCH AS ENTREPRENEURIAL MARKETING AND BUSINESS PLANNING. IN ADDITION, CFE'S PROGRAMS HELP ENTREPRENEURS OVERCOME ENVIRONMENTAL CHALLENGES THAT HINDER COMPANY GROWTH, SUCH AS PROTECTING INTELLECTUAL PROPERTY, UTILIZING THE LEGAL SYSTEM, AND APPROACHING CAPITAL PROVIDERS. CFE UTILIZES A ROBUST DELIVERY METHODOLOGY, INCLUDING FOCUSED COURSES, WORKSHOPS, PEER LEARNING EVENTS, AND NETWORKING OPPORTUNITIES. THESE PROGRAMS FOSTER NOT ONLY ENTREPRENEUR-TO-ENTREPRENEUR, BUT ALSO MENTOR-TO-ENTREPRENEUR, ENTREPRENEUR-TO-INVESTOR, AND ENTREPRENEUR-TO-POLICYMAKER LEARNING. BY BRINGING TOGETHER ALL OF THE PLAYERS THAT INFLUENCE ENTREPRENEURIAL SUCCESS, CFE OFFERS UNIQUE, INTEGRATED AND EXPERIENTIAL LEARNING PROGRAMS. FOR MORE INFORMATION ON CFE'S VARIED PROGRAM SERVICE OFFERINGS, PLEASE REFER TO CFE'S WEBSITE, WWW.CFE.RU.

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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 (2021)

Revenue Breakdown

Contributions & Grants $592,678

Program Service Revenue $242,807

Investment Income $0

Other Revenue $38,108

TOTAL REVENUE $873,593

Expense Breakdown

Grants Paid $0

Salaries & Benefits $502,838

Fundraising Expenses $18,912

Program Expenses $956,934

Other Expenses $1,010,638

TOTAL EXPENSES $1,513,476

Year-over-Year Comparison

	2021	2020	Change
Revenue	$873,593	$2,092,060	-0.6%
Expenses	$1,513,476	$2,068,198	-0.3%
Net Income	$-639,883	$23,862	-27.8%

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

$234,483

Total Directors

$97,366

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER CHAROW	CHAIRMAN	40.00	Officer Director	$65,631	$0	$65,631
ANNA BELOVA	DEPUTY CHAIRMAN	40.00	Officer Director	$31,735	$0	$31,735
JEAN GILBERT	CFO/TREASURER	40.00	Officer Director	$0	$0	$0
KAREN HORN	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN ORTMANS	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN PEASE	DIRECTOR	1.00	Director	$0	$0	$0
CHARLIE RYAN	DIRECTOR	1.00	Director	$0	$0	$0
NATALIA ZOLOTYKH	DIRECTOR	1.00	Director	$0	$0	$0
DENIS DIDKOVSKY	GENERAL DIRECTOR	40.00	Officer	$104,004	$33,113	$137,117

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
2021	$873,593	$1,513,476	No data	$-639,883
2020	$2,092,060	$2,068,198	$1,862,443	$23,862
2019	$2,099,244	$1,449,873	$1,446,135	$649,371
2018	$2,878,566	$2,532,203	$1,047,372	$346,363