FOUNDATION FOR PHILIPPINE PROGRESS (EIN 824798841) - 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

5033494498

Tax Period

2023-01-01 to 2023-12-31

FOUNDATION FOR PHILIPPINE PROGRESS, founded in 2018, is a small nonprofit in the International Affairs sector that reported $334K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

The Foundation for Philippine Progress Inc. is dedicated to empower and engage communities in programs and projects for the Philippines to secure quality health education and basic human rights for every Filipino.

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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 $333,971

Program Service Revenue $0

Investment Income $18

Other Revenue $0

TOTAL REVENUE $333,989

Expense Breakdown

Grants Paid $250,300

Salaries & Benefits $0

Fundraising Expenses $17,084

Program Expenses $302,053

Other Expenses $77,637

TOTAL EXPENSES $327,937

Year-over-Year Comparison

	2023	2022	Change
Revenue	$333,989	$290,220	+0.2%
Expenses	$327,937	$303,362	+0.1%
Net Income	$6,052	$-13,142	-1.5%

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

$30,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rossella De Leon	Executive Director	40.00	Officer	$30,000	$0	$30,000
Roger Rigor	Chairperson	2.00	Director	$0	$0	$0
Annelyn Sebastian	Vice Chairperson	2.00	Director	$0	$0	$0
Emily Rice	Treasurer	2.00	Director	$0	$0	$0
Geleen Abenoja	Secretary	2.00	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
2023	$333,989	$327,937	$52,264	$6,052
2022	$290,220	$303,362	$46,212	$-13,142

FOUNDATION FOR PHILIPPINE PROGRESS