PROGRESS ENTERPRISES INC (EIN 510176508) - 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

1976

Legal Domicile

Principal Officer

RICHARD YONICK

Phone

7012526994

Tax Period

2023-07-01 to 2024-06-30

PROGRESS ENTERPRISES INC, founded in 1976, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year.

Mission

PROVIDES RESIDENTIAL SERVICES, A WORK CENTER, SOCIAL AND RECREATIONAL SITES FOR CHRONICALLY MENTALLY ILL ADULTS

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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 $0

Program Service Revenue $1,881,918

Investment Income $59,692

Other Revenue $1,397,605

TOTAL REVENUE $3,339,215

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,755,131

Fundraising Expenses $0

Program Expenses $3,217,607

Other Expenses $793,992

TOTAL EXPENSES $3,549,123

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,339,215	$3,825,277	-0.1%
Expenses	$3,549,123	$3,660,928	0.0%
Net Income	$-209,908	$164,349	-2.3%

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

137

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

$12,000

Total Directors

$21,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROGER KOENIG	PRESIDENT	0.20	Officer Director	$3,000	$0	$3,000
KIM WEYER	DIRECTOR	0.20	Director	$3,000	$0	$3,000
DENNIS ANDERSON	TREASURER	0.20	Officer Director	$3,000	$0	$3,000
KIRK HEIM	DIRECTOR	0.20	Director	$3,000	$0	$3,000
ROBERT PAIEMENT	DIRECTOR	0.20	Director	$3,000	$0	$3,000
JOE BANISTER	SECRETARY	0.20	Officer Director	$3,000	$0	$3,000
SHAR GUMKE	VICE PRESIDENT	0.20	Officer Director	$3,000	$0	$3,000

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	No data	No data	No data	No data
2024	$3,339,215	$3,549,123	$5,820,652	$-209,908
2023	$3,825,277	$3,660,928	$5,717,478	$164,349
2022	$4,264,297	$3,932,407	$5,566,469	$331,890
2021	$4,976,911	$3,795,324	$5,881,167	$1,181,587
2020	$3,698,434	$3,670,521	$4,961,440	$27,913
2019	$3,522,346	$3,597,616	$4,506,067	$-75,270

PROGRESS ENTERPRISES INC