PROGRESS NORTH CAROLINA ACTION (EIN 452862217) - 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

2011

Legal Domicile

Principal Officer

Jess Jollett

Phone

9196791776

Tax Period

2022-01-01 to 2022-12-31

PROGRESS NORTH CAROLINA ACTION, founded in 2011, is a community nonprofit in the Public & Societal Benefit sector that reported $1.6M in total revenue in fiscal year 2022. Revenue surged 762% from the prior year, signaling strong growth momentum.

Mission

Progress North Carolina Action conducts research, sponsors educational activities and events, and disseminates accurate and timely information to promote the general public's understanding of ways to maintain and improve North Carolina's common good, quality of life and social welfare.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,648,039

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,648,039

Expense Breakdown

Grants Paid $635,500

Salaries & Benefits $342,554

Fundraising Expenses $5,400

Program Expenses $1,461,046

Other Expenses $688,652

TOTAL EXPENSES $1,666,706

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,648,039	$191,272	+7.6%
Expenses	$1,666,706	$322,536	+4.2%
Net Income	$-18,667	$-131,264	-0.9%

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

$120,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jess Jollett	Executive Director	40	Officer	$120,000	$0	$120,000
Jim Overton	Chairperson	1	Director	$0	$0	$0
Jessica Laurenz	Board Member	1	Director	$0	$0	$0
Natalia Diez	Board Member	1	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	No data	No data	No data	No data
2022	$1,648,039	$1,666,706	$137,296	$-18,667
2021	$191,272	$322,536	$153,292	$-131,264
2020	$1,846,627	$1,582,633	$284,478	$263,994

PROGRESS NORTH CAROLINA ACTION