PROGRESSIVE EQUITY CHARTER INC

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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

2009

Legal Domicile

Principal Officer

RICHARD TRAFFORD-OWEN

Phone

5106550540

Tax Period

2024-07-01 to 2025-06-30

PROGRESSIVE EQUITY CHARTER INC, founded in 2009, is a small nonprofit in the Education sector that reported $411K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $169K, a strong 41% operating margin.

Mission

ASSIST PHILANTHROPISTS AND FOUNDATIONS IN ACCELERATING THE GROWTH OF HIGH QUALITY CHARTER SCHOOLS; AND TO PROVIDE AND OTHERWISE OBTAIN OR ASSIST IN OBTAINING CHARTER SCHOOL FINANCING.

Program Service Accomplishments

Program 1

Expenses: $241,831 Revenue: $411,309

THE PRIMARY EXEMPT PURPOSE OF THE CORPORATION IS TO PROVIDE FACILITIES TO CHARTER SCHOOLS AND PROVIDE GRANTS TO ASSIST IN EDUCATIONAL SUPPORT TO CHARTER SCHOOLS. THE PRIMARY REVENUE SOURCE FOR...

THE PRIMARY EXEMPT PURPOSE OF THE CORPORATION IS TO PROVIDE FACILITIES TO CHARTER SCHOOLS AND PROVIDE GRANTS TO ASSIST IN EDUCATIONAL SUPPORT TO CHARTER SCHOOLS. THE PRIMARY REVENUE SOURCE FOR DISBURSEMENTS IS RENTAL INCOME.

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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 $375,600

Investment Income $0

Other Revenue $35,709

TOTAL REVENUE $411,309

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $241,831

Other Expenses $242,408

TOTAL EXPENSES $242,408

Year-over-Year Comparison

	2024	2023	Change
Revenue	$411,309	$375,600	+0.1%
Expenses	$242,408	$345,847	-0.3%
Net Income	$168,901	$29,753	+4.7%

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

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
RICHARD TRAFFORD-OWEN	PRESIDENT/CEO	2.00	Officer Director	$0	$0	$0
ADAM D KAYE	TREASURER/CFO	1.00	Officer Director	$0	$0	$0
DEBORAH J OWEN	SECRETARY	1.00	Officer Director	$0	$0	$0
KRISTIN BLAIR HULL	DIRECTOR	1.00	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	$411,309	$242,408	$4,051,895	$168,901
2024	$375,600	$345,847	$3,940,596	$29,753
2023	$375,600	$348,438	$3,965,953	$27,162
2022	$375,600	$238,816	$4,010,496	$136,784
2021	$375,600	$237,391	$4,071,000	$138,209
2020	$375,600	$234,250	$4,130,079	$141,350
2019	$375,600	$277,921	$4,186,016	$97,679
2018	$364,668	$249,619	$4,285,625	$115,049