SSC PROGRESSION CORPORATION (EIN 640796132) - 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

1991

Legal Domicile

Principal Officer

JOSEPH R LEE

Phone

2284679057

Tax Period

2023-07-01 to 2024-06-30

SSC PROGRESSION CORPORATION, founded in 1991, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Expenses of $2.0M exceeded revenue, resulting in a 74% operating deficit.

Mission

RAISE MONEY FOR ST. STANISLAUS SCHOOL FOR CONTINUED SUPPORT

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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 $700,786

Program Service Revenue $0

Investment Income $426,407

Other Revenue $-1,188

TOTAL REVENUE $1,126,005

Expense Breakdown

Grants Paid $0

Salaries & Benefits $155,642

Fundraising Expenses $64,616

Program Expenses $1,825,352

Other Expenses $1,801,076

TOTAL EXPENSES $1,956,718

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,126,005	$1,055,475	+0.1%
Expenses	$1,956,718	$1,015,462	+0.9%
Net Income	$-830,713	$40,013	-21.8%

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

$182,786

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARYL C CORNELL	OFFICER	1.00	Director	$0	$0	$0
DEAN E TAYLOR	OFFICER	1.00	Director	$0	$0	$0
GARY L BLACKBURN	OFFICER	1.00	Director	$0	$0	$0
MICHAEL W MEYERS	OFFICER	1.00	Director	$0	$0	$0
BRANDON S RHODES	OFFICER	1.00	Director	$0	$0	$0
BRO BARRY LANDRY	SECRETARY/TREASURER	1.00	Officer	$0	$0	$96,562
JOSEPH R LEE	PRESIDENT	1.00	Officer	$0	$0	$86,224

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	$1,126,005	$1,956,718	$7,954,439	$-830,713
2023	$1,055,475	$1,172,836	$8,159,426	$-117,361
2022	$1,428,976	$1,169,282	$7,860,365	$259,694
2021	$1,659,754	$862,771	$9,165,910	$796,983
2020	$1,235,831	$1,017,556	$7,076,984	$218,275
2019	$1,228,217	$1,429,183	$7,259,692	$-200,966
2018	$1,315,002	$1,252,015	$7,417,091	$62,987

SSC PROGRESSION CORPORATION