PEMISCOT PROGRESSIVE INDUSTRIES INC (EIN 431178305) - 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

1980

Legal Domicile

Principal Officer

JIM PILCHER

Phone

5733591551

Tax Period

2023-10-01 to 2024-09-30

PEMISCOT PROGRESSIVE INDUSTRIES INC, founded in 1980, is a small nonprofit that reported $836K in total revenue in fiscal year 2023. Expenses of $970K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO ESTABLISH, OPERATE, & ADMINISTER A SHELTERED WORKSHOP FOR HANDICAPPED PERSONS.

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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 $429,768

Program Service Revenue $390,872

Investment Income $14,898

Other Revenue $0

TOTAL REVENUE $835,538

Expense Breakdown

Grants Paid $0

Salaries & Benefits $577,488

Fundraising Expenses $0

Program Expenses $873,269

Other Expenses $392,813

TOTAL EXPENSES $970,301

Year-over-Year Comparison

	2023	2022	Change
Revenue	$835,538	$855,700	0.0%
Expenses	$970,301	$858,590	+0.1%
Net Income	$-134,763	$-2,890	+45.6%

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

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

$51,866

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA HUDGENS	EXECUTIVE DI	40.00	Director	$51,866	$0	$51,866
DON GRABLE	DIRECTOR	0.50	Director	$0	$0	$0
JON HAYWOOD	DIRECTOR	0.50	Director	$0	$0	$0
JIMMY LYONS	VICE-PRESIDE	0.50	Officer Director	$0	$0	$0
JIM PILCHER	PRESIDENT	0.50	Officer Director	$0	$0	$0
TANA STEWART	SECRETARY	0.50	Officer Director	$0	$0	$0
KAY WATKINS	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
2024	$835,538	$970,301	$2,051,392	$-134,763
2023	$855,700	$858,590	$2,175,755	$-2,890
2022	$850,718	$777,132	$2,173,307	$73,586
2021	$865,098	$738,329	$2,105,720	$126,769
2020	$741,157	$638,811	$2,065,308	$102,346
2019	$731,545	$730,020	$1,878,432	$1,525
2018	$769,255	$708,355	$1,871,712	$60,900

PEMISCOT PROGRESSIVE INDUSTRIES INC