WOMEN IN PROGRESS INC

EIN: 010697940 501(c)(3) Community Improvement

Minneapolis, MN

Total Revenue
$571,369
Total Expenses
$601,105
Total Assets
$387,608
Net Assets
$33,294
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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
2002
Legal Domicile
AZ
Principal Officer
Kristin Doherty
Phone
6127810455
Tax Period
2023-01-01 to 2023-12-31

WOMEN IN PROGRESS INC, founded in 2002, is a small nonprofit in the Community Improvement sector that reported $571K in total revenue in fiscal year 2023.

Mission

Women in Progress works to achieve the economic independence of African women and alleviate poverty at a grassroots level by creating jobs and income generation opportunities that provide women with a sustainable, living wage and at the same time establishes mutual understanding among people of diverse cultures.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $103,182
Program Service Revenue $9,790
Investment Income $1,036
Other Revenue $457,361
TOTAL REVENUE $571,369

Expense Breakdown

Grants Paid $0
Salaries & Benefits $412,941
Fundraising Expenses $9,800
Program Expenses $580,462
Other Expenses $186,503
TOTAL EXPENSES $601,105

Year-over-Year Comparison

2023 2022 Change
Revenue $571,369 $571,856 0.0%
Expenses $601,105 $596,358 +0.0%
Net Income $-29,736 $-24,502 +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

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Governance

Voting Members
3
Independent Members
3
Employees
9
Volunteers
10

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
$130,368
Total Directors
3
$130,368
Key Employees
2
$130,368
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kristin Doherty Board Member/International Trade Director 60
Officer Director Key Emp Highest
$65,184 $0 $65,184
Renae Adam Exec Director/CEO 60
Officer Director Key Emp
$65,184 $0 $65,184
Brittany Campanelli Board Member 0
Director
$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 $571,369 $601,105 $387,608 $-29,736
2022 $571,856 $596,358 $442,683 $-24,502
2021 $441,350 $461,711 $458,547 $-20,361
2020 $482,463 $451,365 $457,163 $31,098
2019 $530,702 $514,437 $279,873 $16,265
2018 $526,285 $513,350 $326,732 $12,935
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