PROGRESS FOR GOOD 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

2017

Legal Domicile

Principal Officer

LLOYD CAMBRIDGE

Phone

3474648178

Tax Period

2023-01-01 to 2023-12-31

PROGRESS FOR GOOD INC, founded in 2017, is a small nonprofit in the Education sector that reported $273K in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $304K exceeded revenue, resulting in a 11% operating deficit.

Mission

To equip entrepreneurs from under resourced communities to grow businesses and invest in social causes they care about.

Program Service Accomplishments

Program 1

Expenses: $275,855 Revenue: $0

To equip entrepreneurs from under resourced communities to grow businesses and invest in social causes they care about.

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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 $272,827

Program Service Revenue $585

Investment Income $0

Other Revenue $0

TOTAL REVENUE $273,412

Expense Breakdown

Grants Paid $48,000

Salaries & Benefits $34,234

Fundraising Expenses $0

Program Expenses $275,855

Other Expenses $221,901

TOTAL EXPENSES $304,135

Year-over-Year Comparison

	2023	2022	Change
Revenue	$273,412	$408,713	-0.3%
Expenses	$304,135	$380,664	-0.2%
Net Income	$-30,723	$28,049	-2.1%

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

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

$31,333

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GENERALDO SCOTT	CHAIR	2.00	Officer Director	$0	$0	$0
JANIQUE CAMBRIDGE	SECRETARY	2.00	Officer Director	$0	$0	$0
CHRISTINA HODGES	TREASURER	2.00	Officer Director	$0	$0	$0
LLOYD CAMBRIDGE	FOUNDER	2.00	Director	$31,333	$0	$31,333

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	$273,412	$304,135	$142,042	$-30,723
2023	$314,802	$277,778	$183,432	$37,024
2022	$408,713	$380,664	$179,520	$28,049
2022	$362,610	$279,517	$133,417	$83,093