CENTER FOR EMERGING TECHNOLOGIES (EIN 431329843) - 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

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 & INDUSTRY BASED UPON SCIENTIFIC & TECHNOLOGICAL INNOVATIONS, TO PROMOTE SCIENTIFIC & TECHNOLOGICAL RESEARCH AND TO ASSIST SCIENTIFIC & TECHNOLOGICAL INNOVATORS IN FINDING SOURCES OF FUNDS FOR DEVELOPMENT OF THEIR INNOVATIONS.

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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

CENTER FOR EMERGING TECHNOLOGIES