Grand Rapids, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Rende Progress Capital, founded in 2017, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $638K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $175K, a strong 27% operating margin.
RPC is committed to economic equity by providing socially responsible and affordable lending and responsible and affordable lending and services to entrepreneurs who have been excluded from traditional lending due to socio-economic reasons & bias.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $638,113 | $814,275 | -0.2% |
| Expenses | $463,227 | $466,920 | 0.0% |
| Net Income | $174,886 | $347,355 | -0.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Eric K Foster | Chair and Director | 40.00 |
Officer
Director
Highest
|
$87,683 | $0 | $87,683 |
| Cuong Q Huynh | Board Treasurer & General Manager | 40.00 |
Officer
Director
|
$71,907 | $0 | $71,907 |
| Dr Lisa Cook | Board Member | 0.00 |
Director
|
$0 | $0 | $0 |
| Beverly Meek | Board Member | 0.00 |
Director
|
$0 | $0 | $0 |
| Timothy Williams | Board Member | 0.00 |
Director
|
$0 | $0 | $0 |
| Robin Selmon | Board Secretary | 0.00 |
Director
|
$0 | $0 | $0 |
| Merideth Freeman | Board Member | 0.00 |
Director
|
$0 | $0 | $0 |
| Bing Goei | Board Member | 0.00 |
Director
|
$0 | $0 | $0 |
| Tasha Blackmon | Board Member | 0.00 |
Director
|
$0 | $0 | $0 |
| Stacie Behler | Board Member | 0.00 |
Director
|
$0 | $0 | $0 |
| Minnie Morey | Board Member | 0.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2024 | $638,113 | $463,227 | $3,589,522 | $174,886 |
| 2023 | $814,275 | $466,921 | $3,381,787 | $347,354 |
| 2022 | $1,358,413 | $452,735 | $3,048,192 | $905,678 |
| 2020 | $1,812,309 | $312,798 | $2,158,777 | $1,499,511 |
| 2019 | $235,253 | $217,814 | $373,156 | $17,439 |
| 2018 | $220,008 | $85,385 | $242,510 | $134,623 |
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