PROGRESSIVE INDIVIDUAL RESOURCES

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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

1996

Legal Domicile

Principal Officer

RICHARD Oni

Phone

6127493309

Tax Period

2023-01-01 to 2023-12-31

PROGRESSIVE INDIVIDUAL RESOURCES, founded in 1996, is a community nonprofit in the Crime & Legal sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 148% from the prior year, signaling strong growth momentum. The organization ran a surplus of $236K, a strong 22% operating margin.

Mission

PROVIDING BEHAVIORAL HEALTH AND SOCIAL SERVICES TO MULTI GENERATION OF PEOPLE ESPECIALLY AFRICAN DECENT. TRAINING AND CONSULTING SERVICES ARE PART OF WHAT WE DO.

Program Service Accomplishments

Program 1

Expenses: $575,128 Revenue: $1,053,467

PROVIDING BEHAVIORAL HEALTH AND SOCIAL SERVICES TO MULTI GENERATION OF PEOPLE ESPERCIALLY ARICAN DECENT. TRAINING AND CONSULTING SERVICES ARE PART OF WHAT WE DO.

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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 $738,190

Program Service Revenue $315,277

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,053,467

Expense Breakdown

Grants Paid $103,310

Salaries & Benefits $143,759

Fundraising Expenses $0

Program Expenses $575,128

Other Expenses $570,352

TOTAL EXPENSES $817,421

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,053,467	$424,958	+1.5%
Expenses	$817,421	$310,826	+1.6%
Net Income	$236,046	$114,132	+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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD ONI	DIRECTOR	040.00	Officer Director	$0	$0	$0
CHRISTOPHER FALADE	MEMBER	002.00	Director	$0	$0	$0
P CHINEEDU NWANERI	MEMBER	002.00	Director	$0	$0	$0
CHARLIE ORIBAMISE	MEMBER	002.00	Director	$0	$0	$0
JERRY HAUSER	BOARD CHAIR	002.00	Director	$0	$0	$0
KENNY ODUSOTE PHD	SECRETARY	002.00	Director	$0	$0	$0
HAMEED A FOLAWIYO PHD	TREASURER	002.00	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
2024	No data	No data	No data	No data
2023	$1,053,467	$817,421	$533,638	$236,046
2023	$1,003,467	$900,512	$400,547	$102,955
2023	No data	No data	No data	No data
2022	$424,958	$310,826	$297,592	$114,132
2021	$379,253	$262,614	$183,469	$116,639
2020	$246,227	$198,131	$67,627	$48,096
2019	$111,105	$110,759	$19,212	$346
2018	$99,204	$174,191	$19,228	$-74,987