VILLAGE OF PROGRESS FOUNDATION INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Principal Officer

ANGELA MARTIN-BAKENER

Phone

8157322126

Tax Period

2024-07-01 to 2025-06-30

VILLAGE OF PROGRESS FOUNDATION INC, founded in 1990, is a small nonprofit that reported $262K in total revenue in fiscal year 2024. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $234K left a modest 11% surplus.

Mission

THE PRIMARY PURPOSE OF OUR FOUNDATION IS TO SECURE THE FUNDS AND RESOURCES NECESSARY TO ENSURE THAT THE NEEDS OF THE OGLE COUNTY POPULATION WITH DISABILITIES WILL BE MET TODAY AND FOR YEARS TO COME. THE FOUNDATION IS ORGANIZED EXCLUSIVELY FOR THE BENEFIT OF AND TO PROMOTE THE CHARITABLE AND EDUCATIONAL ACTIVITIES OF THE VILLAGE OF PROGRESS, INC., AN ILLINOIS NOT FOR PROFIT CORPORATION.

Program Service Accomplishments

Program 1

Expenses: $67,000 Revenue: $0

THE ORGANIZATION PROVIDES FINANCIAL SUPPORT AND STABILITY TO VILLAGE OF PROGRESS, INC., A 501(C)(3) ORGANIZATION THAT PROVIDES SERVICES TO ADULTS IN OGLE COUNTY WITH DEVELOPMENTAL DISABILITIES. THE FOUNDATION ALSO OFFERS GRANTS TO ADULTS WITH DISABILITIES WHO WISH TO ATTEND THE VILLAGE OF PROGRESS BUT LACK THE FINANCIAL RESOURCES OR STATE FUNDING TO DO SO. THE FOUNDATION ALSO OFFERS SCHOLARSHIPS TO AREA HIGH SCHOOL SENIORS AND COLLEGE STUDENTS WHO EITHER HAVE A DISABILITY OR ARE ENTERING INTO DISABILITIES-RELATED FIELD OF EDUCATION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $41,824

Program Service Revenue $0

Investment Income $89,177

Other Revenue $131,200

TOTAL REVENUE $262,201

Expense Breakdown

Grants Paid $67,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $67,000

Other Expenses $167,210

TOTAL EXPENSES $234,210

Year-over-Year Comparison

	2024	2023	Change
Revenue	$262,201	$1,113,683	-0.8%
Expenses	$234,210	$269,236	-0.1%
Net Income	$27,991	$844,447	-1.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$138,280

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS MARTIN	PRESIDENT	0.50	Officer Director	$0	$0	$0
DAVE SMITH	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
DAVE NELSON	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
BRION BROOKS	DIRECTOR	0.50	Director	$0	$27,407	$138,280
JOE CLINTON III	DIRECTOR	0.50	Director	$0	$0	$0
PAT DONAHUE	DIRECTOR	0.50	Director	$0	$0	$0
APRIL GLOSSER	DIRECTOR	0.50	Director	$0	$0	$0
BRETT HERRMANN	DIRECTOR	0.50	Director	$0	$0	$0
ANGIE MARTIN-BAKENER	DIRECTOR	0.50	Director	$0	$0	$0
BILL TALLYN	DIRECTOR	0.50	Director	$0	$0	$0
ROB URISH	DIRECTOR	0.50	Director	$0	$0	$0
LARRY YOUNG	DIRECTOR	0.50	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	$262,201	$234,210	$2,449,307	$27,991
2024	$1,113,683	$269,236	$2,303,534	$844,447
2023	$353,783	$197,247	$1,444,457	$156,536
2022	$217,075	$171,364	$1,146,398	$45,711
2021	$157,095	$106,271	$1,235,917	$50,824
2020	$192,626	$144,245	$1,014,819	$48,381
2019	$308,939	$141,895	$1,006,505	$167,044
2018	$190,005	$145,217	$873,662	$44,788