OPERATION PROGRESS STUDENT ASSISTANCE FDN CAL-1 (EIN 453470911) - 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

CLAIRE CACCIAPAGLIA

Phone

3237490699

Tax Period

2023-07-01 to 2024-06-30

OPERATION PROGRESS STUDENT ASSISTANCE FDN CAL-1, founded in 2011, is a small nonprofit that reported $384K in total revenue in fiscal year 2023. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 233% operating deficit.

Mission

THE MISSION OF OPERATION PROGRESS OP IS TO EMPOWER YOUTHS FROM WATTS, SOUTH LOS ANGELES, AND THE HOUSING DEVELOPMENTS TO BECOME EDUCATED, ETHICAL, AND PRODUCTIVE ADULTS WHO REACH THEIR FULL POTENTIAL AND POSITIVELY CONTRIBUTE TO SOCIETY. TO DO THIS, OP IS COMMITTED TO SUPPORTING SCHOLARS BEGINNING IN 3RD GRADE THROUGH COLLEGE GRADUATION WITH OUR COMPREHENSIVE PROGRAM CALLED THE 5 PILLARS OF SUCCESS ACADEMICS, LIFE SKILLS, HEALTH & WELLNESS, SERVICE, AND SAFETY & SUPPORT. WE OFFER INDIVIDUAL ACADEMIC CASE MANAGEMENT, LAPD MENTORSHIP, AFTER SCHOOL EXPANDED LEARNING PROGRAMS, EXECUTIVE FUNCTION SKILL DEVELOPMENT, SOCIOEMOTIONAL SUPPORT, SUMMER PROGRAMS, AND SCHOLARSHIPS TO PARTICIPATING SCHOLARS.

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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 $383,596

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $383,596

Expense Breakdown

Grants Paid $0

Salaries & Benefits $267,363

Fundraising Expenses $25,565

Program Expenses $1,124,946

Other Expenses $1,010,985

TOTAL EXPENSES $1,278,348

Year-over-Year Comparison

	2023	2022	Change
Revenue	$383,596	$1,177,030	-0.7%
Expenses	$1,278,348	$1,092,848	+0.2%
Net Income	$-894,752	$84,182	-11.6%

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

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
JOHNNY COUGHLIN	Director	1.00	Director	$0	$0	$0
KEVIN JAMES	Director	1.00	Director	$0	$0	$0
GEORGE MILMAN	Director	1.00	Director	$0	$0	$0
RICK CARUSO	Director	1.00	Director	$0	$0	$0
RICK LEMMO	Director	1.00	Director	$0	$0	$0
KRISTIAN TAYLOR	Director	1.00	Director	$0	$0	$0
CHIEF ROBERT ARCOS	Director	1.00	Director	$0	$0	$0
JULIE MULVEY	Director	1.00	Director	$0	$0	$0
BRET NIELSEN	Director	1.00	Director	$0	$0	$0
CHIEF BEA GIRMALA	Director	1.00	Director	$0	$0	$0
DAVID WALSH	Director	1.00	Director	$0	$0	$0
CLAIRE CACCIAPAGLIA	Treasurer	1.00	Director	$0	$0	$0
EMADA TINGIRIDES	Director	1.00	Director	$0	$0	$0
PHIL TINGIRIDES	Director	1.00	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	$383,596	$1,278,348	$171,876	$-894,752
2023	$1,177,030	$1,092,848	$1,066,695	$84,182
2022	$1,689,417	$975,297	$986,267	$714,120
2021	$662,108	$1,026,100	$272,147	$-363,992
2020	$1,279,860	$1,075,633	$636,139	$204,227
2019	$1,413,630	$1,354,421	$564,506	$59,209
2019	$1,263,630	$1,347,917	$431,912	$-84,287

OPERATION PROGRESS STUDENT ASSISTANCE FDN CAL-1