THE PROGRESS CENTER INC (EIN 010368153) - 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

1980

Legal Domicile

Principal Officer

ERIC ROSS

Phone

2077438049

Tax Period

2023-07-01 to 2024-06-30

THE PROGRESS CENTER INC, founded in 1980, is a community nonprofit in the Human Services sector that reported $5.8M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $6.5M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROVIDE DAY HABILITATION AND RESIDENTIAL PROGRAMS, COMMUNITY SUPPORT PROGRAMS, AND OTHER DEVELOPMENTAL SUPPORT FOR ADULTS AND CHILDREN WITH DISABILITIES.

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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 $264,647

Program Service Revenue $5,477,666

Investment Income $10,941

Other Revenue $0

TOTAL REVENUE $5,753,254

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,590,791

Fundraising Expenses $0

Program Expenses $5,513,005

Other Expenses $1,888,056

TOTAL EXPENSES $6,478,847

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,753,254	$6,279,395	-0.1%
Expenses	$6,478,847	$6,882,260	-0.1%
Net Income	$-725,593	$-602,865	+0.2%

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

133

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

$308,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHLEEN PERKINS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MIKE GRASS	TREASURER	0.50	Officer Director	$0	$0	$0
HERB RAU	VICE CHAIR	0.50	Officer Director	$0	$0	$0
SUSAN HANLEY	SECRETARY	0.50	Officer Director	$0	$0	$0
MELISSA BURGESS	BOARD MEMBER	0.50	Director	$0	$0	$0
JEANNE SILVERMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
CAITLYN PAIGE	BOARD MEMBER	0.50	Director	$0	$0	$0
ASHLEIGH BARKER	EXECUTIVE DIRECTOR	50.00	Officer	$132,078	$9,141	$141,219
ERIC ROSS	CO-EXECUTIVE DIRECTOR	50.00	Officer	$88,129	$3,149	$91,278
MAUREEN BILODEAU	CO-EXECUTIVE DIRECTOR	50.00	Officer	$71,684	$4,319	$76,003

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
2025	No data	No data	No data	No data
2024	$5,753,254	$6,478,847	$3,639,284	$-725,593
2023	$6,279,395	$6,882,260	$4,380,937	$-602,865
2022	$8,231,510	$8,348,379	$4,631,366	$-116,869
2021	$8,658,268	$7,381,980	$4,842,865	$1,276,288
2020	$7,600,318	$7,710,378	$4,642,843	$-110,060
2019	$7,178,748	$6,833,047	$3,753,324	$345,701
2018	$6,097,247	$5,690,905	$2,858,875	$406,342

THE PROGRESS CENTER INC