Progress Texas (EIN 800687741) - 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

2011

Legal Domicile

Principal Officer

Kathleen Thompson

Phone

5127300819

Tax Period

2023-01-01 to 2023-12-31

Progress Texas, founded in 2011, is a small nonprofit in the Civil Rights & Advocacy sector that reported $117K in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $59K, a strong 50% operating margin.

Mission

Progress Texas is a non-profit media organization advocating for progressive ideals and policies in our state.

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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 $116,557

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $116,557

Expense Breakdown

Grants Paid $15,000

Salaries & Benefits $20,350

Fundraising Expenses $0

Program Expenses $38,001

Other Expenses $22,678

TOTAL EXPENSES $58,028

Year-over-Year Comparison

	2023	2022	Change
Revenue	$116,557	$158,900	-0.3%
Expenses	$58,028	$96,523	-0.4%
Net Income	$58,529	$62,377	-0.1%

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

$12,138

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alex Andrade	Chair	5.00	Officer Director	$0	$0	$0
Jason Smith	Secretary	5.00	Officer Director	$0	$0	$0
Charles Zeller	Treasurer	5.00	Officer Director	$0	$0	$0
Kathleen Thompson	Executive Director	40.00	Officer	$12,138	$0	$12,138

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
2024	No data	No data	No data	No data
2023	$116,557	$58,028	$49,791	$58,529
2022	$158,900	$96,523	$32,733	$62,377
2021	$215,983	$177,346	$50,645	$38,637
2020	$381,129	$420,625	$40,293	$-39,496
2019	$299,706	$356,135	$38,207	$-56,429
2018	$187,443	$264,257	$28,788	$-76,814

Progress Texas