CHICAGO, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CENTER FOR ECONOMIC PROGRESS, founded in 1990, is a small nonprofit that reported $872K in total revenue in fiscal year 2019. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 43% operating deficit.
THE CENTER FOR ECONOMIC PROGRESS (CEP) HELPS LOW-INCOME WORKING FAMILIES AS A TRUSTED PROVIDER OF TAX AND FINANCIAL SERVICES. EVERYTHING WE DO, FROM DIRECT SERVICE TO INFORMING PUBLIC POLICY, IMPROVES THE FINANCIAL STABILITY OF THOSE WE SERVE.
OPERATING ONE OF THE LARGEST AND OLDEST STATEWIDE VOLUNTEER INCOME TAX ASSISTANCE (VITA) PROGRAMS OF ITS KIND, CEP PROVIDES LOW-INCOME FAMILIES WITH FREE, HIGH QUALITY TAX PREPARATION AND AN...
OPERATING ONE OF THE LARGEST AND OLDEST STATEWIDE VOLUNTEER INCOME TAX ASSISTANCE (VITA) PROGRAMS OF ITS KIND, CEP PROVIDES LOW-INCOME FAMILIES WITH FREE, HIGH QUALITY TAX PREPARATION AND AN ALTERNATIVE TO PAID TAX PREPARERS. ALL PROGRAMS WERE TRANSFERRED TO LADDER UP AS OF 9/30/2019.
CEP PROVIDES FREE, PROFESSIONAL REPRESENTATION TO LOW-INCOME TAXPAYERS FACING AN IRS CONTROVERSY. THROUGH ITS YEAR-ROUND CLINIC, CEP ALSO OFFERS EDUCATION AND OUTREACH ON THE EARNED INCOME TAX CREDIT...
CEP PROVIDES FREE, PROFESSIONAL REPRESENTATION TO LOW-INCOME TAXPAYERS FACING AN IRS CONTROVERSY. THROUGH ITS YEAR-ROUND CLINIC, CEP ALSO OFFERS EDUCATION AND OUTREACH ON THE EARNED INCOME TAX CREDIT (EITC), TAXPAYER RIGHTS AND RESPONSIBILITIES, AND COLLECTION ALTERNATIVES. ALL PROGRAMS WERE TRANSFERRED TO LADDER UP AS OF 9/30/2019.
CEP PROVIDES YEAR-ROUND WORKSHOPS, COORDINATES A TAX-TIME SAVINGS CAMPAIGN AND OFFERS ONE-ON-ONE FINANCIAL COACHING TO HELP CLIENTS SET FINANCIAL GOALS, CREATE A SPENDING PLAN, ACCESS SAFE AND...
CEP PROVIDES YEAR-ROUND WORKSHOPS, COORDINATES A TAX-TIME SAVINGS CAMPAIGN AND OFFERS ONE-ON-ONE FINANCIAL COACHING TO HELP CLIENTS SET FINANCIAL GOALS, CREATE A SPENDING PLAN, ACCESS SAFE AND AFFORDABLE BANK PRODUCTS LIKE BANK ACCOUNTS, REVIEW AND CORRECT CREDIT REPORTS AND IMPROVE CREDIT SCORES. ALL PROGRAMS WERE TRANSFERRED TO LADDER UP AS OF 9/30/2019.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2019 | 2018 | Change | |
|---|---|---|---|
| Revenue | $871,860 | $2,310,754 | -0.6% |
| Expenses | $1,249,313 | $2,918,257 | -0.6% |
| Net Income | $-377,453 | $-607,503 | -0.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ROBERT M BURKE | PRESIDENT AND TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN CHANDLER | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JAMIE O'BRIEN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARK SNEIDER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2019 | $871,860 | $1,249,313 | No data | $-377,453 |
| 2018 | $2,310,754 | $2,918,257 | $1,092,379 | $-607,503 |
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