Progressive People Incorporated

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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

2022

Legal Domicile

Tax Period

2022-01-01 to 2022-12-31

Progressive People Incorporated, founded in 2022, is a small nonprofit that reported $914K in total revenue in fiscal year 2022. The organization ran a surplus of $167K, a strong 18% operating margin.

Mission

We want to end generational poverty and powerlessness in historically marginlized communites. We bring the community to policy makers and connect to talk action.

Program Service Accomplishments

Program 1

Expenses: $746,800 Revenue: $914,026

Progressive people inc. provided over 700K in funding to organizaitons that directly impact the voting access for underrepresented communites.

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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 (2022)

Revenue Breakdown

Contributions & Grants $914,026

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $914,026

Expense Breakdown

Grants Paid $725,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $746,800

Other Expenses $22,513

TOTAL EXPENSES $747,513

Year-over-Year Comparison

	2022	2021	Change
Revenue	$914,026	N/A	N/A
Expenses	$747,513	N/A	N/A
Net Income	$166,513	N/A	N/A

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
CHANTRELL MCCORMICK	DIRECTOR	10.00	Director	$0	$0	$0
CORLIE MCCORMICK Jr	Director VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
MICHAEL JOSEPH	Director PRESIDENT	10.00	Officer Director	$0	$0	$0
HECTOR ROSS	DIRECTORTREASURER-SECRETARY	10.00		$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
2022	$914,026	$747,513	$166,513	$166,513