PROGRESS FIRE COMPANY HOME ASSOC (EIN 231437405) - 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

1971

Legal Domicile

Principal Officer

ELAINE ARMBRUST

Phone

7176571254

Tax Period

2023-01-01 to 2023-12-31

PROGRESS FIRE COMPANY HOME ASSOC, founded in 1971, is a small nonprofit that reported $411K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $471K exceeded revenue, resulting in a 15% operating deficit.

Mission

SOCIAL CLUB

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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 $23,098

Investment Income $2,039

Other Revenue $385,371

TOTAL REVENUE $410,508

Expense Breakdown

Grants Paid $23,980

Salaries & Benefits $103,554

Fundraising Expenses $0

Program Expenses $355,656

Other Expenses $306,382

TOTAL EXPENSES $470,664

Year-over-Year Comparison

	2023	2022	Change
Revenue	$410,508	$439,307	-0.1%
Expenses	$470,664	$494,322	0.0%
Net Income	$-60,156	$-55,015	+0.1%

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

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

$23,262

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELAINE ARMBRUST	TREASURER	20.00	Officer	$23,262	$0	$23,262
JOSEPH BOONE	TRUSTEE	2.00	Director	$0	$0	$0
LAURA FOULDROD	TRUSTEE	2.00	Director	$0	$0	$0
RONALD MILLER	SENIOR TRUST	2.00	Director	$0	$0	$0
ROBERT REED	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL BILLO	PRESIDENT	2.00	Officer	$0	$0	$0
LONNIE KERR	RECORDING SE	1.00	Officer	$0	$0	$0
SUSIE MCCUTCHEON	SGT-AT-ARMS	1.00	Officer	$0	$0	$0
APRIL SANTIAGO	MEMBER COORD	2.00	Officer	$0	$0	$0
DYLAN SMITH	VICE PRESIDE	0.50	Officer	$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	$410,508	$470,664	$817,249	$-60,156
2022	$439,307	$494,322	$883,907	$-55,015
2021	$462,830	$401,050	$951,731	$61,780
2020	$282,380	$359,271	$823,980	$-76,891
2019	$580,961	$547,352	$843,134	$33,609
2018	$606,571	$567,730	$815,822	$38,841

PROGRESS FIRE COMPANY HOME ASSOC