PROGRESS INDUSTRIES (EIN 421122161) - 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

1979

Legal Domicile

Principal Officer

SANDRA K HAM

Phone

6417926119

Tax Period

2023-07-01 to 2024-06-30

PROGRESS INDUSTRIES, founded in 1979, is a mid-sized nonprofit in the Employment sector that reported $13.3M in total revenue in fiscal year 2023.

Mission

CHANGING THE WORLD FOR PEOPLE WITH DISABILITIES BY PROVIDING OPPORTUNITIES AND SKILLS NECESSARY TO FULFILL NEEDS AND PURSUE DREAMS.

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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 $612,586

Program Service Revenue $12,665,007

Investment Income $22,415

Other Revenue $14,624

TOTAL REVENUE $13,314,632

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,141,219

Fundraising Expenses $47,484

Program Expenses $11,914,020

Other Expenses $1,787,079

TOTAL EXPENSES $12,928,298

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,314,632	$12,941,724	+0.0%
Expenses	$12,928,298	$12,757,698	+0.0%
Net Income	$386,334	$184,026	+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

310

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

$229,570

Total Directors

$149,787

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SANDRA K HAM	PRESIDENT/CEO	36.00	Officer Director	$114,412	$35,375	$149,787
JODY L EATON	CHAIR	2.00	Officer Director	$0	$0	$0
MARK CAHILL	TRUSTEE	1.00	Director	$0	$0	$0
KELLY MITCHELL	SECRETARY	2.00	Officer Director	$0	$0	$0
CAROL TREASE	TREASURER	1.00	Officer Director	$0	$0	$0
JUDY O'CONNOR	TRUSTEE	1.00	Director	$0	$0	$0
MICHELLE OUREN	TRUSTEE	1.00	Director	$0	$0	$0
ED BANFIELD	VICE CHAIR	1.00	Officer Director	$0	$0	$0
GARY PEARSON	TRUSTEE	1.00	Director	$0	$0	$0
BRETT LUNDBERG	TRUSTEE	1.00	Director	$0	$0	$0
TIM BERGAN	TRUSTEE	1.00	Director	$0	$0	$0
KRISTI SKINNER	TRUSTEE	1.00	Director	$0	$0	$0
STEFANIE SQUIRE	CONTROLLER	36.00	Officer	$63,825	$15,958	$79,783

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	No data	No data	No data	No data
2024	$13,314,632	$12,928,298	$5,904,683	$386,334
2023	$12,941,724	$12,757,698	$5,477,676	$184,026
2022	$12,560,187	$12,093,078	$5,056,933	$467,109
2021	$14,123,825	$12,031,800	$4,567,230	$2,092,025
2020	$11,055,529	$11,005,452	$4,315,615	$50,077
2019	$11,444,282	$10,571,729	$2,619,640	$872,553

PROGRESS INDUSTRIES