PROGRESS STREET CORPORATION

EIN: 541908243

FREDERICKSBURG, VA

Total Revenue
$19,725
Total Expenses
$12,000
Total Assets
$520,273
Net Assets
$167,002
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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
VA
Principal Officer
DEBE FULTS
Phone
5403713070
Tax Period
2023-07-01 to 2024-06-30

PROGRESS STREET CORPORATION, founded in 1998, is a micro nonprofit that reported $23K in total revenue in fiscal year 2018. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $11K, a strong 48% operating margin.

Mission

TO PROVIDE HOUSING FOR PEOPLE WITH DISABILITIES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $5
Other Revenue $19,720
TOTAL REVENUE $19,725

Expense Breakdown

Grants Paid $12,000
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $0
TOTAL EXPENSES $12,000

Year-over-Year Comparison

2023 2022 Change
Revenue $19,725 $27,546 -0.3%
Expenses $12,000 $12,000 N/A
Net Income $7,725 $15,546 -0.5%
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

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Governance

Voting Members
3
Independent Members
3
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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LINDA HILL PRESIDENT 3.00
Officer Director
$0 $0 $0
DEBE FULTS DIRECTOR 3.00
Director
$0 $0 $0
CLEATON BATTLE DIRECTOR 3.00
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 No data No data No data No data
2024 $19,725 $12,000 $520,273 $7,725
2023 $27,546 $12,000 $530,290 $15,546
2022 $16,232 $12,000 $524,928 $4,232
2021 $17,552 No data $541,461 No data
2020 $22,770 $12,000 $540,112 $10,770
2019 $23,084 $12,000 $545,609 $11,084
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