THE ECONOMIC PROGRESS INSTITUTE (EIN 320295517) - 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

WEAYONNOH NELSON-DAVIES

Phone

4014568512

Tax Period

2023-10-01 to 2024-09-30

THE ECONOMIC PROGRESS INSTITUTE, founded in 2009, is a community nonprofit in the Public & Societal Benefit sector that reported $1.0M in total revenue in fiscal year 2023.

Mission

THE INSTITUTE PROVIDES RESEARCH, POLICY ANALYSIS, PUBLIC EDUCATION AND ADVOCACY IN ORDER TO IMPROVE THE ECONOMIC SECURITY OF LOW AND MODEST-INCOME RHODE ISLANDERS AND MONITOR AND ENCOURAGE THE DEVELOPMENT OF TAX AND BUDGET POLICIES THAT ARE EQUITABLE AND ADEQUATE TO FUND PUBLIC SERVICES.

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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 $925,214

Program Service Revenue $0

Investment Income $21,427

Other Revenue $73,003

TOTAL REVENUE $1,019,644

Expense Breakdown

Grants Paid $8,000

Salaries & Benefits $840,530

Fundraising Expenses $123,161

Program Expenses $714,404

Other Expenses $198,477

TOTAL EXPENSES $1,047,007

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,019,644	$1,023,304	0.0%
Expenses	$1,047,007	$689,201	+0.5%
Net Income	$-27,363	$334,103	-1.1%

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

$120,750

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DWAYNE KEYS	CHAIR	1.00	Officer Director	$0	$0	$0
LINDA SHAW	VICE CHAIR	1.00	Officer Director	$0	$0	$0
COLLIN E BAILEY ESQ	TREASURER	1.00	Officer Director	$0	$0	$0
HALEY DE LA ROSA	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNA CANO MORALES	BOARD MEMBER	1.00	Director	$0	$0	$0
REBECCA DUPRAS ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
PAULA HODGES	BOARD MEMBER	1.00	Director	$0	$0	$0
SARNYA KP	BOARD MEMBER	1.00	Director	$0	$0	$0
ERICA HAMMOND	BOARD MEMBER	1.00	Director	$0	$0	$0
GERALDINE M BARCLAY-KING	BOARD MEMBER	1.00	Director	$0	$0	$0
DORIS BLANCHARD	BOARD MEMBER	1.00	Director	$0	$0	$0
ANA C URENA	BOARD MEMBER	1.00	Director	$0	$0	$0
MELODY LAWRENCE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH MAYA RODRIGUEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
PERRI S LEVISS PHD	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN MCELROY	BOARD MEMBER	1.00	Director	$0	$0	$0
CATHERINE PENA	BOARD MEMBER	1.00	Director	$0	$0	$0
WEAYONNOH NELSON-DAVIES	EXECUTIVE DI	40.00	Officer	$120,750	$0	$120,750

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	$1,019,644	$1,047,007	$868,914	$-27,363
2023	$1,023,304	$689,201	$886,869	$334,103
2022	$643,357	$684,499	$568,401	$-41,142
2021	$686,138	$690,340	$599,429	$-4,202
2020	$717,885	$695,545	$579,904	$22,340
2019	$640,273	$576,065	$553,764	$64,208
2018	$545,111	$551,311	$484,397	$-6,200

THE ECONOMIC PROGRESS INSTITUTE