PROGRESS CHICAGO

EIN: 823700969

CHICAGO, IL

Total Revenue
$50,101
Total Expenses
$53,882
Total Assets
N/A
Net Assets
N/A
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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
IL
Principal Officer
SAMUEL HOBERT
Phone
3127043105
Tax Period
2022-01-01 to 2022-12-31

PROGRESS CHICAGO, founded in 2017, is a micro nonprofit that reported $50K in total revenue in fiscal year 2022. Revenue surged 5010000% from the prior year, signaling strong growth momentum.

Mission

PROMOTE THE ADVANCEMENT OF SOUND FISCAL, EDUCATION AND ECONOMIC DEVELOPMENT POLICIES FOR THE COMMON GOOD AND WELFARE OF THE CITY OF CHICAGO AND STATE OF ILLINOIS.

Program Service Accomplishments

Program 1
Expenses: $53,882

PROGRESS CHICAGO AIMS TO HIGHLIGHT THE SIGNIFICANT GAINS THIS CITY HAS MADE IN RECENT YEARS IN EDUCATION, ECONOMIC DEVELOPMENT AND PUBLIC SAFETY. WE CELEBRATE AND FIGHT FOR THE ACHIEVEMENTS MADE ON...

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PROGRESS CHICAGO AIMS TO HIGHLIGHT THE SIGNIFICANT GAINS THIS CITY HAS MADE IN RECENT YEARS IN EDUCATION, ECONOMIC DEVELOPMENT AND PUBLIC SAFETY. WE CELEBRATE AND FIGHT FOR THE ACHIEVEMENTS MADE ON BEHALF OF EVERYDAY CHICAGOANS TO MAKE THIS CITY A MORE EQUITABLE, PROSPEROUS, AND WELCOMING COMMUNITY FOR ALL. SPECIFICALLY, WE:COMMUNICATE: WE SPOTLIGHT THE PEOPLE AND POLICIES THAT ARE WORKING TO MAKE THIS CITY GREAT; ADVOCATE: WE ADVOCATE FOR MEASURES THAT WILL BENEFIT CHICAGO AND THE REGION, AND WE SEEK TO HOLD ELECTED OFFICIALS ACCOUNTABLE TO ADDRESSING ISSUES CHICAGOANS CARE ABOUT; COLLABORATE: WE PARTNER WITH ALLIED ORGANIZATIONS AND CIVIC LEADERS WHO SHARE OUR MISSION AND HELP ADVANCE AWARENESS ABOUT THE PROGRESS (SEE SCH O) CHICAGO IS MAKING IN THE CLASSROOM, IN COMMERCE AND IN NEIGHBORHOODS THROUGHOUT THE CITY. IN 2021, OUR MAJOR COMMUNICATION EFFORTS INCLUDED A ROBUST MULTI-CHANNEL ADVERTISING CAMPAIGN HIGHLIGHTING THE RECENT GAINS MADE BY CHICAGO PUBLIC SCHOOLS TO INCREASE AWARENESS ABOUT THE PEOPLE AND POLICIES THAT HAVE IMPROVED OUR SCHOOLS AND NEIGHBORHOODS. OUR CITY HAS MADE GREAT STRIDES IN RECENT YEARS IN EDUCATION BUT THE THREAT OF THIS WORK BEING UNDONE WAS REAL. PROGRESS CHICAGO'S EFFORTS HELPED GEAR UP FOR THE MAJOR LEGISLATIVE BATTLES IN SPRINGFIELD LAST SPRING THAT THREATEN TO ROLLBACK THE PROMISE OF FAIR FUNDING FOR OUR SCHOOLS AND OTHER POLICIES THAT SUPPORT THE CONTINUED GROWTH IN THE CITY.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $1
Other Revenue $50,100
TOTAL REVENUE $50,101

Expense Breakdown

Grants Paid $46,524
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $53,882
Other Expenses $7,358
TOTAL EXPENSES $53,882

Year-over-Year Comparison

2022 2021 Change
Revenue $50,101 $1 +50100.0%
Expenses $53,882 $5,387 +9.0%
Net Income $-3,781 $-5,386 -0.3%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ASHLEY TATE-GILMORE SECRETARY & DIR. 0.25
Officer Director
$0 $0 $0
LISA DUARTE CHAIR/TREASURER/DIR 0.25
Officer Director
$0 $0 $0
SAM HOBERT PRESIDENT 1.00
Officer 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
2022 $50,101 $53,882 No data $-3,781
2021 $1 $5,387 $3,781 $-5,386
2020 $4 $13,897 $9,167 $-13,893
2019 $853,807 $1,062,294 $23,060 $-208,487
2018 $1,688,445 $1,456,898 $231,547 $231,547
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