PROGRESS FLORIDA INC (EIN 300599086) - 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

2008

Legal Domicile

Principal Officer

Julie Hauserman

Phone

7272892612

Tax Period

2020-07-01 to 2021-06-30

PROGRESS FLORIDA INC, founded in 2008, is a small nonprofit in the Public & Societal Benefit sector that reported $287K in total revenue in fiscal year 2020. Revenue surged 197% from the prior year, signaling strong growth momentum. The organization ran a surplus of $172K, a strong 60% operating margin.

Mission

The purpose for which the corporation is formed is the promotion of social welfare within the meaning provided in section 501(c)(4) of the Internal Revenue Code. The corporation may engage in research, education, and advocacy in efforts to promote progressive ideas within the state of Florida. The corporation is not organized for gain or individual profit.

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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 (2020)

Revenue Breakdown

Contributions & Grants $281,354

Program Service Revenue $6,000

Investment Income $21

Other Revenue $80

TOTAL REVENUE $287,455

Expense Breakdown

Grants Paid $0

Salaries & Benefits $60,216

Fundraising Expenses $6,123

Program Expenses $100,508

Other Expenses $55,223

TOTAL EXPENSES $115,439

Year-over-Year Comparison

	2020	2019	Change
Revenue	$287,455	$96,921	+2.0%
Expenses	$115,439	$89,692	+0.3%
Net Income	$172,016	$7,229	+22.8%

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

$18,648

Total Directors

$18,648

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Ferrulo	Secretary	10	Officer Director	$15,979	$2,669	$18,648
Julie Hauserman	President	0.5	Officer Director	$0	$0	$0
Zach Polett	Treasurer	0.5	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
2021	$287,455	$115,439	$361,979	$172,016

PROGRESS FLORIDA INC