CENTER FOR EMERGING TECHNOLOGIES

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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

1984

Legal Domicile

Principal Officer

SALVATORE J FIORELLO

Phone

3146156900

Tax Period

2022-01-01 to 2022-12-31

CENTER FOR EMERGING TECHNOLOGIES, founded in 1984, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2022. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $10.8M exceeded revenue, resulting in a 316% operating deficit.

Mission

PROMOTE THE CREATION & GROWTH OF NEW BUSINESSES AND INDUSTRY BASED UPON SCIENTIFIC & TECHNOLOGICAL INNOVATIONS, PROMOTE SCIENTIFIC & TECHNOLOGICAL RESEARCH & ASSIST SCIENTIFIC & TECHNOLOGICAL INNOVATORS IN FINDING SOURCES OF FUNDS FOR DEVELOPMENT OF THEIR INNOVATIONS.

Program Service Accomplishments

Program 1

Expenses: $10,561,226 Revenue: $2,274,134

THE CENTER'S PURPOSE IS TO SERVE THE METROPOLITIAN ST. LOUIS AREA AND THE STATE OF MISSOURI BY WORKING TO DEVELOP THE INFASTRUCTURE NECESSARY TO ESTABLISH AND DEVELOP NEXT GENERATION MEDICAL AND...

THE CENTER'S PURPOSE IS TO SERVE THE METROPOLITIAN ST. LOUIS AREA AND THE STATE OF MISSOURI BY WORKING TO DEVELOP THE INFASTRUCTURE NECESSARY TO ESTABLISH AND DEVELOP NEXT GENERATION MEDICAL AND ADVANCED TECHNOLOGY COMPANIES. THE CENTER PROVIDES SPECIALIZED OFFICE AND LAB FACILITIES, KNOWLEDGEABLE SUPPORT SERVICES, ENTREPRENEUR EDUCATION AND TRAINING OPORTUNITIES, AND ACCESS TO LOCAL AND OUT-OF-TOWN VENTURE CAPITAL. CET HAS ONGOING COOPERATIVE ARRANGEMENTS WITH MISSOURI TECHNOLOGY CORPORATION AND THE CITY OF ST. LOUIS. CET LEASED AND OPERATED FACILITIES AT OR NEAR COST TO APPROXIMATELY 150 PERSONS AND FIRMS THAT ARE ATTEMPTING TO DEVELOP SCIENTIFIC OR TECHNOLOGIAL INNOVATIONS INTO SUCCESSFUL BUSINESSES; PROVIDED CLERICAL & ADMINISTRATIVE SERVICE AT OR NEAR COST.

Program 2

Revenue: $2,664

ENTREPRENEURIAL DEVELOPMENT PROGRAMS - SQUARE ONE, LEVEL NEXT AND HOUSE OF GENIUS

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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 (2022)

Revenue Breakdown

Contributions & Grants $314,707

Program Service Revenue $2,276,798

Investment Income $7,978

Other Revenue $0

TOTAL REVENUE $2,599,483

Expense Breakdown

Grants Paid $7,540

Salaries & Benefits $1,352,011

Fundraising Expenses $54,770

Program Expenses $10,561,226

Other Expenses $9,455,768

TOTAL EXPENSES $10,815,319

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,599,483	$2,098,435	+0.2%
Expenses	$10,815,319	$2,806,740	+2.9%
Net Income	$-8,215,836	$-708,305	+10.6%

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

$684,617

Total Directors

$459,901

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR BLANCHE M TOUHILL	DIRECTOR	1.00	Director	$0	$0	$0
DR BRIAN L CLEVINGER	DIRECTOR	1.00	Director	$0	$0	$0
DR CHRISTOPHER SPILLING	DIRECTOR	1.00	Director	$0	$0	$0
MR DALE E RUTHSATZ	DIRECTOR	1.00	Director	$0	$0	$0
MR JEFFREY E PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
MR JEFFREY M MCDONNELL	DIRECTOR	1.00	Director	$0	$0	$0
MR MAURICE FOXWORTH	DIRECTOR	1.00	Director	$0	$0	$0
DR NASSER ARSHADI	DIRECTOR	1.00	Director	$0	$0	$0
MR STEVEN C ROBERTS	DIRECTOR	1.00	Director	$0	$0	$0
MR RICHARD CD FLEMING	CHAIRMAN	1.00	Director	$0	$0	$0
SAM FIORELLO	PRESIDENT	40.00	Officer Director	$0	$44,901	$459,901
MIKE BOZOVICH	SECRETARY	40.00	Officer	$0	$29,355	$224,716

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
2022	$2,599,483	$10,815,319	No data	$-8,215,836
2021	$2,098,435	$2,806,740	$9,044,689	$-708,305
2020	$2,496,710	$3,041,574	$9,621,409	$-544,864
2019	$3,592,806	$3,441,171	$10,802,996	$151,635
2018	$3,740,970	$4,602,470	$10,713,246	$-861,500