Progress Michigan Education Inc

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

Samuel Inglot

Phone

5179993646

Tax Period

2024-01-01 to 2024-12-31

Progress Michigan Education Inc, founded in 2007, is a community nonprofit in the Public & Societal Benefit sector that reported $3.9M in total revenue in fiscal year 2024. Revenue surged 456% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 28% operating margin.

Mission

Progress Michigan Education is a non-partisan, nonprofit 501(c)3 organization that promotes solutions for michigan through independent research, public education and the use of new media and internet outreach campaigns.

Program Service Accomplishments

Program 1

Expenses: $2,642,627 Revenue: $62,000

With the support of partners, Progress Michigan Education collaborates with social justice nonprofits in Michigan to educate the media and the public about the important social justice issues...

With the support of partners, Progress Michigan Education collaborates with social justice nonprofits in Michigan to educate the media and the public about the important social justice issues including: water issues, immigration reforms, criminal justice reform and transportation justice.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,839,779

Program Service Revenue $62,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,901,779

Expense Breakdown

Grants Paid $0

Salaries & Benefits $705,288

Fundraising Expenses $23,123

Program Expenses $2,642,627

Other Expenses $2,087,719

TOTAL EXPENSES $2,793,007

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,901,779	$701,741	+4.6%
Expenses	$2,793,007	$1,004,535	+1.8%
Net Income	$1,108,772	$-302,794	-4.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$123,483

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Samuel Inglot	Executive Director	30.00	Officer	$107,530	$15,953	$123,483
John Freeman	Treasurer	0.00	Director	$0	$0	$0
Julie Rowe	Trustee	0.50	Director	$0	$0	$0
John Keserich	Trustee	0.50	Director	$0	$0	$0
Sommer Foster	N/A	0.50	Director	$0	$0	$0
Patrick Schuh	Chairperson	0.50	Officer 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	$3,901,779	$2,793,007	$1,958,496	$1,108,772
2023	$701,741	$1,004,535	$888,118	$-302,794
2022	$1,527,267	$1,551,003	$1,165,075	$-23,736
2021	$841,661	$4,522,333	$1,376,107	$-3,680,672
2020	$10,998,057	$7,329,308	$5,080,378	$3,668,749
2019	$2,219,340	$1,405,985	$1,397,025	$813,355
2018	$610,487	$896,372	$367,501	$-285,885