THE CENTER FOR ENTREPRENEURIAL STUDIES (EIN 832097051) - 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

2018

Legal Domicile

Principal Officer

BONITA TOMPKINS

Phone

2077791779

Tax Period

2023-01-01 to 2023-12-31

THE CENTER FOR ENTREPRENEURIAL STUDIES, founded in 2018, is a small nonprofit in the Education sector that reported $233K in total revenue in fiscal year 2023. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $42K, a strong 18% operating margin.

Mission

TO EMPOWER AND EDUCATE YOUTH AND YOUNG ADULTS TO THRIVE AS ENTREPRENEURS AND COMMUNITY LEADERS. THROUGH BUSINESS EDUCATION, SKILLS DEVELOPMENT, MENTORSHIP, BUSINESS START-UPS, INTERNSHIPS, AND SOCIAL ENTERPRISES, WE WILL LEAD THE NEXT GENERATION IN GROWING WORKFORCE AND ECONOMIC DEVELOPMENT IN MAINE.

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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 $160,205

Program Service Revenue $0

Investment Income $0

Other Revenue $73,294

TOTAL REVENUE $233,499

Expense Breakdown

Grants Paid $327

Salaries & Benefits $46,056

Fundraising Expenses $0

Program Expenses $173,997

Other Expenses $144,671

TOTAL EXPENSES $191,054

Year-over-Year Comparison

	2023	2022	Change
Revenue	$233,499	$155,251	+0.5%
Expenses	$191,054	$295,621	-0.4%
Net Income	$42,445	$-140,370	-1.3%

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

Volunteers

210

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
COURTNEY CARRIER	TREASURER	1.00	Director	$0	$0	$0
LOUIS CARRIER	BOARD MEMBER	1.00	Director	$0	$0	$0
AMANDA COOLONG	BOARD MEMBER	1.00	Director	$0	$0	$0
BILLI MITCHELL	BOARD MEMBER	1.00	Director	$0	$0	$0
ASHLEY TOMPKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
BONITA TOMPKINS	CEO	55.00	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	No data	No data	No data	No data
2023	$233,499	$191,054	$148,846	$42,445
2022	$155,251	$295,621	$117,215	$-140,370
2021	$156,862	$101,602	$92,817	$55,260

THE CENTER FOR ENTREPRENEURIAL STUDIES