SER - JOBS FOR PROGRESS INC (EIN 050387856) - 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

1964

Legal Domicile

Principal Officer

CRAIG BAKER

Phone

4017241820

Tax Period

2023-01-01 to 2023-12-31

SER - JOBS FOR PROGRESS INC, founded in 1964, is a small nonprofit in the Employment sector that reported $868K in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $748K left a modest 14% surplus.

Mission

SER'S MISSION IS TO PROVIDE LITERACY AND JOB TRAINING SERVICES FOR ECONOMICALLY DISADVANTAGED RHODE ISLANDERS SO THAT THEY MAY IMPROVE THEIR QUALITY OF LIFE.

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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 $0

Program Service Revenue $808,036

Investment Income $18,108

Other Revenue $42,348

TOTAL REVENUE $868,492

Expense Breakdown

Grants Paid $0

Salaries & Benefits $527,744

Fundraising Expenses $0

Program Expenses $630,137

Other Expenses $220,179

TOTAL EXPENSES $747,923

Year-over-Year Comparison

	2023	2022	Change
Revenue	$868,492	$624,351	+0.4%
Expenses	$747,923	$702,078	+0.1%
Net Income	$120,569	$-77,727	-2.6%

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

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

$107,998

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ZACHARY MEZERA	PRESIDENT	1.00	Officer Director	$0	$0	$0
CRISTINA AMEDEO	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
PATRICIA MARTINEZ	DIRECTOR	1.00	Director	$0	$0	$0
JAMES BURDICK	SECRETARY	1.00	Director	$0	$0	$0
CRAIG BAKER	EXECUTIVE DIRECTOR	40.00	Officer	$102,734	$5,264	$107,998

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	$868,492	$747,923	$1,244,737	$120,569
2022	$624,351	$702,078	$1,166,418	$-77,727
2021	$650,115	$627,515	$1,285,594	$22,600
2020	$605,773	$671,164	$1,355,613	$-65,391
2019	$795,412	$931,476	$1,288,544	$-136,064
2018	$1,330,458	$1,225,944	$1,432,151	$104,514

SER - JOBS FOR PROGRESS INC