THE PROGRESS CLUB FOUNDATION INC (EIN 521161760) - 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

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

THE ORGANIZATION'S MISSION IS TO RECEIVE AND ADMINISTER FUNDS FOR CHARITABLE PURPOSES ALL FOR THE PUBLIC WELFARE. THEN WITH THESE FUNDS, THE ORGANIZATION WILL MAKE CONTRIBUTIONS TO VARIOUS CHARITABLE ORGANIZATIONS, SO THAT THEY CAN FURTHER THEIR CAUSES.

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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 $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

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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

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

THE PROGRESS CLUB FOUNDATION INC