AI PROGRESS INC (EIN 372146704) - 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

2024

Legal Domicile

Principal Officer

Jenni Katzman

Phone

2022168959

Tax Period

2025-01-01 to 2025-12-31

AI PROGRESS INC, founded in 2024, is a community nonprofit that reported $5.3M in total revenue in fiscal year 2025. Revenue surged 719% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.1M, a strong 77% operating margin.

Mission

AI Progress is dedicated to the responsible development of AI tools to benefit sectors such as education, healthcare, transportation, public safety, and social services. The coalition emphasizes existing U.S. copyright laws essential role in fostering innovation, protecting intellectual property rights, and securing U.S. competitiveness in AI innovation.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,295,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,295,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,083,411

Other Expenses $1,242,918

TOTAL EXPENSES $1,242,918

Year-over-Year Comparison

	2025	2024	Change
Revenue	$5,295,000	$646,667	+7.2%
Expenses	$1,242,918	$804,109	+0.5%
Net Income	$4,052,082	$-157,442	-26.7%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brad Weltman	Director	1.00	Director	$0	$0	$0
Jason Everett	Director	2.00	Director	$0	$0	$0
Jenni Katzman	Treasurer	3.00	Officer Director	$0	$0	$0
Sasha Moss	Director	3.00	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	$5,295,000	$1,242,918	$4,749,722	$4,052,082
2024	$646,667	$804,109	$388,291	$-157,442

AI PROGRESS INC