Progress House Association (EIN 237182139) - 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

1972

Legal Domicile

Principal Officer

Cynthia Fedrick

Phone

2535932844

Tax Period

2023-01-01 to 2023-12-31

Progress House Association, founded in 1972, is a community nonprofit in the Crime & Legal sector that reported $3.3M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $3.6M exceeded revenue, resulting in a 11% operating deficit.

Mission

To support men, women and female children impacted by incarceration, poverty, mental illness or discrimination through education, advocacy, employment, housing, and additional assistance.

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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 $2,183,212

Program Service Revenue $0

Investment Income $48,828

Other Revenue $1,018,770

TOTAL REVENUE $3,250,810

Expense Breakdown

Grants Paid $1,592,250

Salaries & Benefits $1,336,722

Fundraising Expenses $0

Program Expenses $3,337,637

Other Expenses $692,798

TOTAL EXPENSES $3,621,770

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,250,810	$2,541,963	+0.3%
Expenses	$3,621,770	$2,076,286	+0.7%
Net Income	$-370,960	$465,677	-1.8%

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

$267,244

Total Directors

$267,244

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cynthia Fedrick	President	60.00	Officer Director	$189,668	$23,151	$212,819
Foxy Davison	Vice Pres/Treas	10.00	Officer Director	$54,101	$324	$54,425
Nicki Miller	Secretary	10.00	Officer Director	$0	$0	$0
Alex Davis	Director	10.00	Director	$0	$0	$0
James Jacobs	Director	4.00	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
2024	No data	No data	No data	No data
2023	$3,250,810	$3,621,770	$2,284,897	$-370,960
2022	$2,541,963	$2,076,286	$2,816,053	$465,677
2021	$3,995,025	$3,265,324	$2,799,049	$729,701
2020	$3,851,236	$3,589,491	$2,237,195	$261,745
2019	$3,494,713	$3,707,178	$1,232,280	$-212,465
2018	$3,112,313	$2,904,469	$767,973	$207,844
2017	$2,229,059	$1,746,014	$548,619	$483,045

Progress House Association