Progressive Women's Association (EIN 550382039) - 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

1920

Legal Domicile

Principal Officer

Rosalyn A Queen

Phone

3046246881

Tax Period

2023-01-01 to 2023-12-31

Progressive Women's Association, founded in 1920, is a micro nonprofit in the Community Improvement sector that reported $79K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $89K exceeded revenue, resulting in a 13% operating deficit.

Mission

To promote cooperation and social interaction for all age and ethnic groups in the community and to provide space for these activities benefitting approximately 2500 people.

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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 $37,918

Program Service Revenue $0

Investment Income $0

Other Revenue $40,765

TOTAL REVENUE $78,683

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $39,388

Fundraising Expenses $0

Program Expenses $61,472

Other Expenses $47,850

TOTAL EXPENSES $89,238

Year-over-Year Comparison

	2023	2022	Change
Revenue	$78,683	$86,523	-0.1%
Expenses	$89,238	$97,097	-0.1%
Net Income	$-10,555	$-10,574	0.0%

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
Rosalyn Alonso Queen	President	005.00	Officer Director	$0	$0	$0
Lexie Mayfield	Vice President	005.00	Officer Director	$0	$0	$0
Ruby Oldaker	Secretary	005.00	Officer Director	$0	$0	$0
Laura Goff Davis	Treasurer	005.00	Officer Director	$0	$0	$0
Elinda Carson	Exective Director	040.00	Director Key Emp Highest	$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	$78,683	$89,238	$284,070	$-10,555
2022	$86,523	$97,097	$294,625	$-10,574
2021	$73,940	$86,678	$305,199	$-12,738
2020	$51,264	$102,735	$317,937	$-51,471

Progressive Women's Association