PROGRESS CHICAGO (EIN 823700969) - 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

2017

Legal Domicile

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

THE CORPORATION IS FORMED FOR THE PURPOSE OF PROMOTING 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 AND FOR SUCH OTHER RELATED PURPOSES PERMITTED TO BE EXEMPT FROM TAXATION UNDER SECTION 501(C)(4) OF THE UNITED STATES INTERNAL REVENUE CODE, AS MAY BE AMENDED FROM TIME TO TIME (THE "CODE"). ALL OF THE ASSETS AND THE EARNINGS OF THE CORPORATION SHALL BE USED FOR THE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(4) OF THE CODE. NO PART OF THE NET EARNINGS OF THE CORPORATION SHALL INURE TO THE BENEFIT OF, OR BE DISTRIBUTABLE TO ANY MEMBER, DIRECTOR, OFFICER OR ANY OTHER PRIVATE PERSONS, EXCEPT THAT THE CORPORATION SHALL BE AUTHORIZED AND EMPOWERED TO PAY REASONABLE COMPENSATION FOR SERVICES RENDERED AND TO MAKE PAYMENTS AND DISTRIBUTIONS IN FURTHERANCE OF THE PURPOSES SET FORTH HEREIN.

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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 (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

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
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

PROGRESS CHICAGO