THE PROGRESSIVE EDUCATION CENTER I

EIN: 223890771 501(c)(3) Youth Development

BALTIMORE, MD

Total Revenue
$350,663
Total Expenses
$201,110
Total Assets
$216,968
Net Assets
$216,968
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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
2003
Legal Domicile
MD
Principal Officer
SHERYON MCLEAN
Tax Period
2022-01-01 to 2022-12-31

THE PROGRESSIVE EDUCATION CENTER I, founded in 2003, is a small nonprofit in the Youth Development sector that reported $351K in total revenue in fiscal year 2022. The organization ran a surplus of $150K, a strong 43% operating margin.

Mission

TO PROVIDE DAYCARE SERVICES TO LOW INCOME FAMILIES

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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 (2022)

Revenue Breakdown

Contributions & Grants $53,371
Program Service Revenue $297,292
Investment Income $0
Other Revenue $0
TOTAL REVENUE $350,663

Expense Breakdown

Grants Paid $0
Salaries & Benefits $118,364
Fundraising Expenses $0
Program Expenses $196,897
Other Expenses $82,746
TOTAL EXPENSES $201,110

Year-over-Year Comparison

2022 2021 Change
Revenue $350,663 N/A N/A
Expenses $201,110 N/A N/A
Net Income $149,553 N/A N/A
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
7
Independent Members
5
Employees
16
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
1
$11,200
Total Directors
7
$11,200
Key Employees
1
$11,200
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHERYON MCLEAN PRESIDENT 0.00
Officer Director Key Emp
$11,200 $0 $11,200
MICHAEL JOHNSON DIRECTOR 0.00
Director
$0 $0 $0
ELIZABETH SIMMS DIRECTOR 0.00
Director
$0 $0 $0
ROSIE JANGDHARRIE DIRECTOR 0.00
Director
$0 $0 $0
KENNETH MCDONALD MEMBER 0.00
Director
$0 $0 $0
PATRICIA HARPER MEMBER 0.00
Director
$0 $0 $0
AZIA LAWSON SECRETARY 0.00
Director
$0 $0 $0
EILET SLAUGHTER STAFF 0.00
Highest
$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
2022 $350,663 $201,110 $216,968 $149,553
2021 $365,070 $312,824 $67,415 $52,246
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