PROGRESS WITH PRACTICE INC

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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

2017

Legal Domicile

Principal Officer

HOPE THOMAS-GLAVIN

Phone

3026357837

Tax Period

2023-01-01 to 2023-12-31

PROGRESS WITH PRACTICE INC, founded in 2017, is a small nonprofit in the Education sector that reported $387K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $366K left a modest 5% surplus.

Mission

PRACTICE WITHOUT PRESSURE PIKE CREEK, INC PROVIDES MEDICAL, DENTAL AND PERSONAL CARE (HAIRCUTS, NAIL TRIMMING, AND PREPARATION FOR MAMMOGRAM) AND PHLEBOTOMY SERVICES TO CHILDREN AND ADULTS, ESPECIALLY THOSE WITH DISABILITIES. THE SERVICES OF THE ORGANIZATION ARE PERFORMED BY TRAINED MEDICAL PROFESSIONALS MONDAY THROUGH FRIDAY IN ITS OFFICE IN WILMINGTON, DELAWARE. THE ORGANIZATION IS A FEE-FOR-SERVICE PROVIDER THAT ACCEPTS MOST DENTAL AND MEDICAL INSURANCE AS WELL AS MEDICAID AND MEDICARE. FEES ARE PRICED TO MAKE SERVICE AFFORDABLE.

Program Service Accomplishments

Program 1

Expenses: $344,819 Revenue: $386,353

THE ORGANIZATION UTILIZES THE PRACTICE WITHOUT PRESSURE MODEL THAT PREPARES FEARFUL PATIENTS FOR VARIOUS MEDICAL SERVICES BY PROMOTING TRUST AND LEARNING THROUGH PRACTICE SESSIONS. A PRACTICE...

THE ORGANIZATION UTILIZES THE PRACTICE WITHOUT PRESSURE MODEL THAT PREPARES FEARFUL PATIENTS FOR VARIOUS MEDICAL SERVICES BY PROMOTING TRUST AND LEARNING THROUGH PRACTICE SESSIONS. A PRACTICE SPECIALIST PREPARES THE PATIENT FOR THE FEARFUL PROCEDURE BY A SERIES OF "DRY RUNS". THESE ARE CAPACITY-BUILDING PRACTICE SESSIONS (OFTEN AT FIRST ONE-ON-ONE AND EVENTUALLY WITH TRAINED MEDICAL PERSONNEL) THAT WORK TOWARD COMPLETED TREATMENT.

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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 $291

Program Service Revenue $386,353

Investment Income $0

Other Revenue $0

TOTAL REVENUE $386,644

Expense Breakdown

Grants Paid $0

Salaries & Benefits $170,144

Fundraising Expenses $0

Program Expenses $344,819

Other Expenses $195,857

TOTAL EXPENSES $366,001

Year-over-Year Comparison

	2023	2022	Change
Revenue	$386,644	$299,051	+0.3%
Expenses	$366,001	$318,099	+0.2%
Net Income	$20,643	$-19,048	-2.1%

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

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
DR HOPE THOMAS-GLAVIN	PRESIDENT	10.00	Officer Director	$0	$0	$0
TIM GLAVIN	VICE PRESIDENT/TREASURER	1.00	Officer Director	$0	$0	$0
SHARON JONES	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL GLAVIN	SECRETARY	1.00	Officer Director	$0	$0	$0
HANNAH GLAVIN	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	No data	No data	No data	No data
2023	$386,644	$366,001	$72,433	$20,643
2022	$299,051	$318,099	$74,391	$-19,048
2021	$330,757	$333,341	$115,757	$-2,584
2020	$294,928	$273,054	$134,443	$21,874
2019	$236,701	$264,054	$126,183	$-27,353
2018	$279,212	$286,894	$181,330	$-7,682