RISK ANALYSIS FOR INVESTMENT PROGRAMS OF NON-PROFIT ORGANIZATION: CASE OF THE REPUBLICAN CENTRE FOR SOCIAL ADAPTATION OF CHILDREN IN UZBEKISTAN

Abstract

The objective of this study is to explore the factors that influence the risk analysis for investment programs of non-profit organization of the Republican Centre for Social Adaptation of Children (RCSAC) in Uzbekistan. The study included 57 volunteers from RCSAC as respondents, conducting survey utilized a structured questionnaire administered through Google Forms. To analyze the collected data and confirm the underlying factor structure of our latent variable, we employed Confirmatory Factor Analysis (CFA) using Partial Least Squares (PLS). Our findings emphasize the importance of financial stability, operational efficiency, reputation management, and program effectiveness in RCSAC's risk analysis. Diversifying funding sources, addressing operational inefficiencies, enhancing reputation through proactive communication, and conducting rigorous program evaluations are key strategies identified for the organization's success. The strong loadings provide empirical support for the relationships hypothesized in the research model, affirming that the manifest variables are meaningful indicators of the latent construct. Further research can explore the connections between these dimensions of risk analysis and their consequences for decision-making and program planning in both non-profit and for-profit enterprises.