Progress With Chess (EIN 341961748) - 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

1995

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Progress With Chess, founded in 1995, is a small nonprofit in the Education sector that reported $717K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $120K, a strong 17% operating margin.

Mission

To promote interest in chess among young people and by doing so, increase their self-esteem and problem solving skills. Through chess we provide area youth with opportunities for positive social interaction with people of diverse ages, nationalites and cultural backgrounds.

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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 $22,950

Program Service Revenue $690,353

Investment Income $3,497

Other Revenue $0

TOTAL REVENUE $716,800

Expense Breakdown

Grants Paid $0

Salaries & Benefits $181,588

Fundraising Expenses $4,411

Program Expenses $463,303

Other Expenses $415,289

TOTAL EXPENSES $596,877

Year-over-Year Comparison

	2023	2022	Change
Revenue	$716,800	$562,242	+0.3%
Expenses	$596,877	$435,715	+0.4%
Net Income	$119,923	$126,527	-0.1%

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

Total Directors

Key Employees

$62,667

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Joelson	President	40.00	Key Emp	$62,667	$0	$62,667
Jonathan Glauser	Director	3.00	Director	$0	$0	$0
Anthony Akins	Director	3.00	Director	$0	$0	$0
Taylor Lovell Shockey	Director	3.00	Director	$0	$0	$0
Wayne Jennings	Director	3.00	Director	$0	$0	$0
Scott Wachter	Director	3.00	Director	$0	$0	$0
Joel Feldman	Director	3.00	Director	$0	$0	$0
Bob Scaccia	Board Chair	3.00	Officer Director	$0	$0	$0
Karen McKeehan	Secretary	3.00	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	No data	No data	No data	No data
2023	$716,800	$596,877	$393,678	$119,923
2022	$562,242	$435,715	$261,061	$126,527
2021	$418,880	$352,481	$132,363	$66,399
2020	$274,448	$291,451	$88,528	$-17,003
2019	$384,523	$413,166	$135,788	$-28,643
2018	$404,085	$364,275	$154,566	$39,810

Progress With Chess