PROGRESS DEVELOPMENT CORPORATION (EIN 141622673) - 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

1979

Legal Domicile

Principal Officer

JOHN RUSSELL

Phone

8458588404

Tax Period

2024-10-01 to 2025-09-30

PROGRESS DEVELOPMENT CORPORATION, founded in 1979, is a micro nonprofit that reported $40K in total revenue in fiscal year 2024. The organization ran a surplus of $29K, a strong 72% operating margin.

Mission

THE GENERAL PURPOSE FOR WHICH THE ORGANIZATION WAS FORMED INCLUDES RELIEVING AND REDUCING ADULT UNEMPLOYMENT; PROMOTING AND PROVIDING FOR ADDITIONAL AND MAXIMUM EMPLOYMENT; BETTERING AND MAINTAINING JOB OPPORTUNITIES; AND PROMOTING INSTRUCTION OR TRAINING OF INDIVIDUALS TO IMPROVE OR DEVELOP THEIR CAPABILITIES FOR SUCH JOBS.

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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 $0

Program Service Revenue $39,978

Investment Income $1

Other Revenue $0

TOTAL REVENUE $39,979

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,989

Other Expenses $11,149

TOTAL EXPENSES $11,149

Year-over-Year Comparison

	2024	2023	Change
Revenue	$39,979	$39,310	+0.0%
Expenses	$11,149	$10,713	+0.0%
Net Income	$28,830	$28,597	+0.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WAYNE DECKER	DIRECTOR	5.00	Director	$0	$0	$0
KEVIN KEAN	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
RICHARD K ROBERTS	SECRETARY/TR	5.00	Officer Director	$0	$0	$0
JOHN RUSSELL	PRESIDENT	5.00	Officer Director	$0	$0	$0
MICHAEL D TALMADGE	DIRECTOR	5.00	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
2025	$39,979	$11,149	$1,046,493	$28,830
2024	$39,310	$10,713	$1,017,413	$28,597
2023	$120,039	$26,710	$988,665	$93,329
2022	$501,178	$102,807	$895,135	$398,371

PROGRESS DEVELOPMENT CORPORATION