THE PROGRESS CLUB FOUNDATION INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1979

Legal Domicile

Principal Officer

DAVID MEYERS

Phone

3014681440

Tax Period

2023-01-01 to 2023-12-31

THE PROGRESS CLUB FOUNDATION INC, founded in 1979, is a small nonprofit in the Human Services sector that reported $144K in total revenue in fiscal year 2023. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $91K, a strong 63% operating margin.

Mission

TO RECEIVE AND ADMINISTER FUNDS FOR CHARITABLE PURPOSES, ALL FOR THE PUBLIC WELFARE. WE HAVE DONATED OVER THE PAST YEAR TO VARIOUS CHARITIES, INCLUDING THE WOUNDED WARRIOR PROJECT, DC HOSPICE CENTER, MONTGOMERY HOSPICE CASEY HOUSE, OLNEY BOYS AND GIRLS CLUB, LEUKEMIA & LYMPHOMA SOCIETY AND THE NATIONAL CHILDREN'S CENTER TO NAME A FEW. WE WILL CONTINUE TO DONATE TO VAIOUS CHARITIES.

Program Service Accomplishments

Program 1

Expenses: $52,987

THE ORGANIZATION CONTRIBUTED APPROXIMATELY 46,827 TO VARIOUS CHARITIES IN THE AREA, INCLUDING BUT NOT LIMITED TO THE NATIONAL CHILDREN'S CENTER, TRAGEDY ASSISTANCE FOR SURVIVORS, THE MONTGOMERY...

THE ORGANIZATION CONTRIBUTED APPROXIMATELY 46,827 TO VARIOUS CHARITIES IN THE AREA, INCLUDING BUT NOT LIMITED TO THE NATIONAL CHILDREN'S CENTER, TRAGEDY ASSISTANCE FOR SURVIVORS, THE MONTGOMERY COUNTY, MD AND DC HOSPICES , THE WOUNDED WARRIOR PROJECT AND NOURISH NOW.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $56,815

Program Service Revenue $0

Investment Income $19,114

Other Revenue $67,628

TOTAL REVENUE $143,557

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $52,987

Other Expenses $52,987

TOTAL EXPENSES $52,987

Year-over-Year Comparison

	2023	2022	Change
Revenue	$143,557	$88,504	+0.6%
Expenses	$52,987	$48,646	+0.1%
Net Income	$90,570	$39,858	+1.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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
HERBERT CHERNER	DIRECTOR	N/A	Director	$0	$0	$0
MARTY FELDMAN	CO-CHAIRMAN	N/A	Director	$0	$0	$0
ARLENE GREENSPAN	DIRECTOR	N/A	Director	$0	$0	$0
STUART GREENSPAN	DIRECTOR	N/A	Director	$0	$0	$0
ROBERT HORENBERG	DIRECTOR	N/A	Director	$0	$0	$0
JOHN HUBBARD	TREARURER	N/A	Director	$0	$0	$0
DONALD HUNTER	SECRETARY	N/A	Director	$0	$0	$0
DAVID MEYERS	EXECUTIVE DI	N/A	Director	$0	$0	$0
RICHARD MIRSKY	DIRECTOR	N/A	Director	$0	$0	$0
JOEL NEAMAN	DIRECTOR	N/A	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	$143,557	$52,987	$517,109	$90,570
2022	No data	No data	No data	No data
2021	$70,415	$11,212	$386,681	$59,203
2020	$25,947	$21,246	$327,478	$4,701
2019	$26,749	$30,121	$322,777	$-3,372
2018	$54,588	$31,096	$326,149	$23,492