PROGRESSIVE ENTERPRISE DEVELOP C/O LAKE CUMBERLAND COMM ACTION

EIN: 611326860 501(c)(3) Community Improvement

JAMESTOWN, KY

Total Revenue
$65,108
Total Expenses
$1,948
Total Assets
$1,276,749
Net Assets
$1,276,550
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
KY
Principal Officer
HON TERRY K LAWLESS
Phone
8009286382
Tax Period
2023-07-01 to 2024-06-30

PROGRESSIVE ENTERPRISE DEVELOP C/O LAKE CUMBERLAND COMM ACTION, founded in 2011, is a micro nonprofit in the Community Improvement sector that reported $65K in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $63K, a strong 97% operating margin.

Mission

THE PRIMARY EXEMPT PURPOSE OF THIS ORGANIZATION IS TO PROMOTE GENERALLY, THE ECONOMY OF JAMESTOWN, KY AND TO FURTHER FACILITATE THE PROVISION AND DELIVERY OF SERVICE PROGRAMS DESIGNED TO ASSIST SENIOR CITIZENS, ECONOMIC DEPRIVED GROUPS AND INDIVIDUALS, AND TO GENEARLLY FACILITATE THE ADMINISTRATION AND DELIVERY OF SERVICES. AS A MEANS OF IMPLEMEINTING THESE SERVICES, THE CORPORATION SEEKS TO PROVIDE APPROPRIATE STRUCTUAL FACILITIES, INCLUDING OFFICES, CONFERENCE ROOMS, ADMINISTRATVIE FACILITES, OTHER FACILITIES AND THINGS OF A GENERAL NATURE FOR LAKE CUMBERLAND COMMUNITY ACTION AGENCY, INC.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $4,909
Other Revenue $60,199
TOTAL REVENUE $65,108

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $1,948
TOTAL EXPENSES $1,948

Year-over-Year Comparison

2023 2022 Change
Revenue $65,108 $48,773 +0.3%
Expenses $1,948 $1,907 +0.0%
Net Income $63,160 $46,866 +0.3%
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

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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
HON TERRY K LAWLESS CHAIRMAN 0.00
Officer Director
$0 $0 $0
HON HOWARD KENT COOPER VICE CHAIRMAN 0.00
Director
$0 $0 $0
MARCELENE TAYLOR SECRETARY/TREASURER 0.00
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 $65,108 $1,948 $1,276,749 $63,160
2023 $48,773 $1,907 $1,213,603 $46,866
2022 $52,956 $3,564 $1,166,737 $49,392
2021 $72,036 $1,875 $1,117,350 $70,161
2020 $50,885 $31,615 $1,038,876 $19,270
2019 $37,337 $3,937 $1,019,620 $33,400
2018 $46,036 No data $986,220 No data
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