PROGRESSIVE RECREATIONAL CENTER INC (EIN 581054865) - 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

1972

Legal Domicile

Principal Officer

STEVE WEST

Phone

9123413633

Tax Period

2024-01-01 to 2024-12-31

PROGRESSIVE RECREATIONAL CENTER INC, founded in 1972, is a small nonprofit that reported $416K in total revenue in fiscal year 2024. Revenue surged 523% from the prior year, signaling strong growth momentum. The organization ran a surplus of $276K, a strong 66% operating margin.

Mission

PROVIDE SCHOLARSHIPS TO YOUTH IN THE COMMUNITY

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,577

Investment Income $354,396

Other Revenue $55,795

TOTAL REVENUE $415,768

Expense Breakdown

Grants Paid $855

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $855

Other Expenses $138,675

TOTAL EXPENSES $139,530

Year-over-Year Comparison

	2024	2023	Change
Revenue	$415,768	$66,688	+5.2%
Expenses	$139,530	$68,842	+1.0%
Net Income	$276,238	$-2,154	-129.2%

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

N/A

Independent Members

N/A

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
STEVE WEST	PRESIDENT	3	Officer	$0	$0	$0
LEROY GEORGE	1ST VICE PRESIDENT	3	Officer	$0	$0	$0
CHARLES NELSON	2ND VICE PRESIDENT	3	Officer	$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	$415,768	$139,530	$781,862	$276,238

PROGRESSIVE RECREATIONAL CENTER INC