PESVEBI 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

2013

Legal Domicile

Principal Officer

SHORENA BARBAKADZE

Phone

7189546880

Tax Period

2024-01-01 to 2024-12-31

PESVEBI INC, founded in 2013, is a small nonprofit in the Arts, Culture & Humanities sector that reported $413K in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum.

Mission

WE ARE DEDICATED TO PRESERVING THE VIBRANT GEORGIAN PERFORMING ARTS AND CULTURAL HERITAGE BY TRAINING CHILDREN AND YOUNG ADULTS, NURTURING THEIR TALENTS, AND SHARING THE WISDOM OF FOLK DANCE AND SONG. WE ALSO SUPPORT THE GEORGIAN IMMIGRANT COMMUNITY THROUGH CULTURAL PROGRAMMING AND EDUCATIONAL OUTREACH.

Program Service Accomplishments

Program 1

Expenses: $204,010 Revenue: $352,706

IN 2023, THE ORGANIZATION PROVIDED CLASSES IN TRADITIONAL GEORGIAN DANCE AND SONG TO CHILDREN AND YOUNG ADULTS. THROUGH CONSISTENT TRAINING, THE ORGANIZATION HELPED PRESERVE FOLK TRADITIONS AND...

IN 2023, THE ORGANIZATION PROVIDED CLASSES IN TRADITIONAL GEORGIAN DANCE AND SONG TO CHILDREN AND YOUNG ADULTS. THROUGH CONSISTENT TRAINING, THE ORGANIZATION HELPED PRESERVE FOLK TRADITIONS AND DEVELOP TALENT WITHIN THE GEORGIAN-AMERICAN COMMUNITY.

Program 2

Expenses: $157,771 Revenue: $59,812

THE ORGANIZATION HOSTED CULTURAL FESTIVALS AND PERFORMANCES THAT SHOWCASED GEORGIAN HERITAGE TO THE BROADER COMMUNITY. THESE EVENTS CELEBRATED GEORGIAN MUSIC, DANCE, AND CUISINE WHILE FOSTERING...

THE ORGANIZATION HOSTED CULTURAL FESTIVALS AND PERFORMANCES THAT SHOWCASED GEORGIAN HERITAGE TO THE BROADER COMMUNITY. THESE EVENTS CELEBRATED GEORGIAN MUSIC, DANCE, AND CUISINE WHILE FOSTERING AWARENESS AND CULTURAL PRIDE.

Program 3

N/A

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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 $58,000

Program Service Revenue $354,518

Investment Income $0

Other Revenue $0

TOTAL REVENUE $412,518

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,400

Fundraising Expenses $14,675

Program Expenses $385,915

Other Expenses $426,613

TOTAL EXPENSES $438,013

Year-over-Year Comparison

	2024	2023	Change
Revenue	$412,518	$272,611	+0.5%
Expenses	$438,013	$248,062	+0.8%
Net Income	$-25,495	$24,549	-2.0%

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

$2,800

Total Directors