Progress Michigan Inc

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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

2007

Legal Domicile

Phone

5179993646

Tax Period

2024-01-01 to 2024-12-31

Progress Michigan Inc, founded in 2007, is a community nonprofit in the Public & Societal Benefit sector that reported $4.4M in total revenue in fiscal year 2024. Revenue surged 134% from the prior year, signaling strong growth momentum. Expenses of $4.8M exceeded revenue, resulting in a 10% operating deficit.

Program Service Accomplishments

Program 1

Expenses: $4,529,705 Revenue: $137,800

Progress Michigan provided a strong, credible voice for givernment accountability and the promotion of progressive ideas by building partnerships with nearly 100 state partners working in labor...

Progress Michigan provided a strong, credible voice for givernment accountability and the promotion of progressive ideas by building partnerships with nearly 100 state partners working in labor, environment, education, human service, civil liberties and other organizations and providing communications services as needed. Progress Michigan has been a lead organization in bringing together the progressive community to work for a common issue agenda.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,267,891

Program Service Revenue $137,800

Investment Income $367

Other Revenue $-37,125

TOTAL REVENUE $4,368,933

Expense Breakdown

Grants Paid $3,387,980

Salaries & Benefits $0

Fundraising Expenses $92,967

Program Expenses $4,529,705

Other Expenses $1,437,571

TOTAL EXPENSES $4,825,551

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,368,933	$1,863,355	+1.3%
Expenses	$4,825,551	$1,524,913	+2.2%
Net Income	$-456,618	$338,442	-2.3%

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

N/A

Volunteers

1386

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Doug Pratt	SecretaryTreasurer	0.50	Director	$0	$0	$0
Bob Allison	Trustee	0.50	Director	$0	$0	$0
Steve Pontoni	Trustee	0.50	Director	$0	$0	$0
Jenn Root	Trustee	0.50	Director	$0	$0	$0
Patrick Schuhn	Chairperson	0.50	Officer Director	$0	$0	$0
Samuel Inglot	Executive Director	10.00	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	$4,368,933	$4,825,551	$925,505	$-456,618
2023	$1,863,355	$1,524,913	$1,337,239	$338,442
2022	$3,927,633	$3,906,268	$1,085,085	$21,365
2021	$1,598,975	$2,777,522	$1,024,353	$-1,178,547
2020	$6,013,541	$4,656,719	$2,336,449	$1,356,822
2019	$1,169,408	$766,833	$741,987	$402,575
2018	$2,256,254	$2,008,786	$350,016	$247,468