PROGRESS FLORIDA EDUCATION INSTITUTE INC (EIN 454469756) - 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

2012

Legal Domicile

Principal Officer

WES JONES

Phone

7272892612

Tax Period

2024-07-01 to 2025-06-30

PROGRESS FLORIDA EDUCATION INSTITUTE INC, founded in 2012, is a small nonprofit in the Civil Rights & Advocacy sector that reported $205K in total revenue in fiscal year 2024. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $501K exceeded revenue, resulting in a 144% operating deficit.

Mission

THE CORPORATION IS FORMED FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF INTERNAL REVENUE CODE, INCLUDING BUT NOT LIMITED TO RAISING PUBLIC AWARENESS AND EDUCATING CITIZENS ABOUT PUBLIC INTEREST POLICIES AND CIVIC INVOLVEMENT IN THE STATE OF FLORIDA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $154,277

Program Service Revenue $0

Investment Income $50,956

Other Revenue $0

TOTAL REVENUE $205,233

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $259,029

Fundraising Expenses $26,839

Program Expenses $435,457

Other Expenses $191,832

TOTAL EXPENSES $500,861

Year-over-Year Comparison

	2024	2023	Change
Revenue	$205,233	$1,896,767	-0.9%
Expenses	$500,861	$879,641	-0.4%
Net Income	$-295,628	$1,017,126	-1.3%

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

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

$109,315

Total Directors

$109,315

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK FERRULO	SECRETARY	39.00	Officer Director	$92,951	$16,364	$109,315
WES JONES	PRESIDENT	1.00	Officer Director	$0	$0	$0
BOB SCHAEFFER	TREASURER	1.00	Officer Director	$0	$0	$0
DAN XIE	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
2025	$205,233	$500,861	$1,509,027	$-295,628
2024	$1,896,767	$879,641	$1,828,685	$1,017,126
2024	$1,896,767	$879,641	$1,828,685	$1,017,126
2023	$967,572	$903,934	$896,252	$63,638
2022	$571,294	$477,974	$766,392	$93,320
2021	$6,524,092	$6,304,591	$614,482	$219,501

PROGRESS FLORIDA EDUCATION INSTITUTE INC