HIGH BRIDGE, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PEDALS FOR PROGRESS, founded in 1991, is a small nonprofit in the Recreation & Sports sector that reported $388K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $333K left a modest 14% surplus.
TO EMPOWER SUSTAINABLE ECONOMIC DEVELOPMENT BY RECYCLING BICYCLES AND SEWING MACHINES FROM THE US AND SHIPPING THEM TO MOTIVATED PEOPLE IN THE DEVELOPING WORLD. SINCE ITS INCEPTION IN 1991 AND FROM THE SEED OF AN IDEA BY ITS FOUNDER(A FORMER PEACE CORPS VOLUNTEER), THE ORGANIZATION HAS GROWN INTO AN ENTERPRISE THAT HAS CUMULATIVELY COLLECTED AND DISTRIBUTED OVER 162,000 BICYCLES AND OVER 5,200 SEWING MACHINES TO THE WORKING POOR IN CENTRAL AMERICA, AFRICA, EASTERN EUROPE, ASIA AND THE ISLANDS OF THE CARIBBEAN AND THE PACIFIC BASIN. THROUGH VOLUNTEER LABOR AND TAX-DEDUCTIBLE DONATIONS OF MONEY AND MATERIALS, PEDALS FOR PROGRESS/SEWING PEACE COLLECTS, WAREHOUSES, AND SHIPS NEW AND USED BIKES, PARTS AND ACCESSORIES TO RECIPIENT COUNTRIES WHERE THEY ARE REPAIRED BY NON-PROFIT PARTNER ORGANIZATIONS (PROVIDING EMPLOYMENT, BUILDING MANAGEMENT AND REPAIR SKILLS TO THEIR STAFF)AND SUBSEQUENTLY BUILDING MANAGEMENT AND REPAIR SKILLS TO THEIR STAFF)AND SUBSEQUENTLY, SOLD AT COST TO HELP LOW-INCOME
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $388,344 | $313,709 | +0.2% |
| Expenses | $332,533 | $324,157 | +0.0% |
| Net Income | $55,811 | $-10,448 | -6.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ALAN SCHULTZ | PRESIDENT | 40.00 |
Officer
|
$51,500 | $0 | $51,500 |
| DAVID SCHWEIDENBACK | VP & TRUSTEE | 30.00 |
Officer
Director
|
$22,917 | $0 | $22,917 |
| JAIME ACOSTA | TRUSTEE | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JERRY AGASAR | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| JOHN ALEXANDER | TRUSTEE & CH | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| THOMAS BEISHKE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DARYL DETRICK | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| RYAN SAUL | TRUSTEE & SE | 1.00 |
Director
|
$0 | $0 | $0 |
| CASEY WALSH | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ANDREW WILLIAMS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $388,344 | $332,533 | $167,459 | $55,811 |
| 2023 | $313,709 | $324,157 | $106,648 | $-10,448 |
| 2022 | $466,001 | $411,662 | $123,925 | $54,339 |
| 2021 | $401,730 | $388,900 | $77,850 | $12,830 |
| 2020 | $279,879 | $258,813 | $94,088 | $21,066 |
| 2019 | $346,347 | $351,981 | $74,796 | $-5,634 |
Compare PEDALS FOR PROGRESS with other nonprofits in New Jersey and across the country.