Progressive Missionary Baptist Chu… - Form 990 Financial Data

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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

1955

Legal Domicile

Phone

2814472399

Tax Period

2023-01-01 to 2023-12-31

Progressive Missionary Baptist Church, founded in 1955, is a small nonprofit in the Religion sector that reported $366K in total revenue in fiscal year 2023.

Mission

To seek and to save the lost soulsof our time and to bring them to know that there is a higher authority beyond our temporal earthly existences therby available for our daily livesfor all human kind to become familiar with.

Program Service Accomplishments

Program 1

Conducted Regularly Scheduled meetings for the Purpose of clelbrating, evangelizing, teaching, preaching and conversion of Souls for the cause of Christ

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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 $365,959

Program Service Revenue $0

Investment Income $29

Other Revenue $0

TOTAL REVENUE $365,988

Expense Breakdown

Grants Paid $0

Salaries & Benefits $117,431

Fundraising Expenses $0

Program Expenses $396,233

Other Expenses $278,802

TOTAL EXPENSES $396,233

Year-over-Year Comparison

	2023	2022	Change
Revenue	$365,988	$371,522	0.0%
Expenses	$396,233	$386,702	+0.0%
Net Income	$-30,245	$-15,180	+1.0%

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

N/A

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
Raymond Hillis	Pastor	040.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$365,988	$396,233	$671,120	$-30,245
2022	$371,522	$386,702	$715,187	$-15,180
2021	$394,420	$421,946	$566,159	$-27,526
2020	$415,950	$357,727	$565,859	$58,223
2019	$422,423	$406,920	$254,924	$15,503

Progressive Missionary Baptist Church