INTERNATIONAL FOUNDATION FOR PROGRESS INC (EIN 264514690) - 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

2009

Legal Domicile

Principal Officer

DR SAFDAR CHADDA

Phone

5167476305

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL FOUNDATION FOR PROGRESS INC, founded in 2009, is a micro nonprofit in the Education sector that reported $9K in total revenue in fiscal year 2024. Revenue fell 78% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2K, a strong 26% operating margin.

Mission

THE ORGANIZATION IS ESTABLISHED TO SUPPORT GRASSROOT INSTITUTIONS WITHIN ASIA WHERE PROGRESS IS NEEDED IN EDUCATION, VOCATIONAL TRAINING AND BASIC HEALTH CARE

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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 $8,750

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $8,750

Expense Breakdown

Grants Paid $4,100

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,674

Other Expenses $2,394

TOTAL EXPENSES $6,494

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,750	$39,658	-0.8%
Expenses	$6,494	$12,861	-0.5%
Net Income	$2,256	$26,797	-0.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAFDAR	CHADDA	10.00	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
2025	No data	No data	No data	No data
2024	$8,750	$6,494	$684,274	$2,256
2023	$39,658	$12,861	$682,018	$26,797
2022	$46,988	$10,308	$655,221	$36,680
2021	$77,437	$15,677	$618,540	$61,760
2020	$79,717	$18,970	$556,781	$60,747
2019	$67,699	$19,692	$496,034	$48,007
2018	$69,039	$42,260	$448,026	$26,779

INTERNATIONAL FOUNDATION FOR PROGRESS INC