PROGRESSIVE CENTER FOR EDUCATION AND ECONOMIC DEVELOPMENT (EIN 411800739) - 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

2020

Legal Domicile

Principal Officer

DUANE DUTRIEUILLE

Phone

6519682444

Tax Period

2023-01-01 to 2023-12-31

PROGRESSIVE CENTER FOR EDUCATION AND ECONOMIC DEVELOPMENT, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $223K in total revenue in fiscal year 2023. Revenue surged 615% from the prior year, signaling strong growth momentum. The organization ran a surplus of $43K, a strong 19% operating margin.

Mission

A COMMUNITY DEVELOPMENT CORPORATION SERVING THE EDUCATION & ECONOMIC DEVELOPMENT NEEDS OF OUR COMMUNITY.

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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 $138,900

Program Service Revenue $84,501

Investment Income $0

Other Revenue $11

TOTAL REVENUE $223,412

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $180,481

Other Expenses $180,481

TOTAL EXPENSES $180,481

Year-over-Year Comparison

	2023	2022	Change
Revenue	$223,412	$31,242	+6.2%
Expenses	$180,481	$21,183	+7.5%
Net Income	$42,931	$10,059	+3.3%

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

N/A

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
MARGO BRITTEN	DIRECTOR	1.00	Director	$0	$0	$0
JO ANN CLARK	DIRECTOR	1.00	Director	$0	$0	$0
DUANE DUTRIEUILLE	DIRECTOR	5.00	Director	$0	$0	$0
REV DR MELVIN MILLER	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN PATTAIN	DIRECTOR	1.00	Director	$0	$0	$0
THEODORE ROSE	DIRECTOR	1.00	Director	$0	$0	$0
NICETA THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
KIM WHITE	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT DOTY	VICE PRESIDE	2.00	Officer	$0	$0	$0
DARLENE SCOTT	PRESIDENT	4.00	Officer	$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
2023	$223,412	$180,481	$60,310	$42,931

PROGRESSIVE CENTER FOR EDUCATION AND ECONOMIC DEVELOPMENT