Progressive Housing Solutions Corporation (EIN 824741256) - 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

2018

Legal Domicile

Phone

3304548051

Tax Period

2024-01-01 to 2024-12-31

Progressive Housing Solutions Corporation, founded in 2018, is a micro nonprofit in the Housing & Shelter sector that reported $4K in total revenue in fiscal year 2024. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $9K exceeded revenue, resulting in a 126% operating deficit.

Mission

To promote and participate in housing related or educational activities and to construct projects usable for housing pupose, charitable purposes, educational, and governmental purposes.

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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 (2024)

Revenue Breakdown

Contributions & Grants $403

Program Service Revenue $0

Investment Income $3,750

Other Revenue $52

TOTAL REVENUE $4,205

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,693

Other Expenses $9,497

TOTAL EXPENSES $9,497

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,205	$508,919	-1.0%
Expenses	$9,497	$248,583	-1.0%
Net Income	$-5,292	$260,336	-1.0%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
Roger Mann	President	Officer Director	$0	$0	$0
Agatha Johnson	Vice President	Officer Director	$0	$0	$0
Ray Sales	Secretary/Treasurer	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
2024	$4,205	$9,497	$172,567	$-5,292
2023	$508,919	$248,583	$177,814	$260,336
2022	$133,998	$152,188	$1,052,276	$-18,190
2021	$124,473	$165,933	$1,040,729	$-41,460
2020	$116,663	$135,380	$1,049,390	$-18,717
2019	$50,682	$55,667	$1,036,545	$-4,985

Progressive Housing Solutions Corporation