FORWARD PROGRESSION DEVELOPMENT INC (EIN 832071545) - 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

Principal Officer

Catrina Thompson

Phone

8885041173

Tax Period

2021-01-01 to 2021-12-31

FORWARD PROGRESSION DEVELOPMENT INC, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $426K in total revenue in fiscal year 2021. Revenue surged 130% from the prior year, signaling strong growth momentum. Expenses of $370K left a modest 13% surplus.

Mission

To assist the growth of self-sufficiency and in economic business entrepreneurship focusing on minority, veteran, and women growth. Provide training, coaching, support and growth groups via - Digital Marketing, Online Training Modules, Events, Seminars and other viable avenues. Extending the knowledge and healthy use of AI in small businesses in underserved and represented concerns.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $425,500

Investment Income $0

Other Revenue $0

TOTAL REVENUE $425,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $335,900

Fundraising Expenses $0

Program Expenses $249,900

Other Expenses $28,700

TOTAL EXPENSES $369,600

Year-over-Year Comparison

	2021	2020	Change
Revenue	$425,500	$184,600	+1.3%
Expenses	$369,600	$143,699	+1.6%
Net Income	$55,900	$40,901	+0.4%

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

N/A

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

$115,200

Total Directors

Key Employees

$79,500

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Catrina Thompson	Director-President	60	Officer	$115,200	$0	$115,200
Shonna Thomas	Secretary	30	Key Emp	$59,500	$20,000	$79,500

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
2021	$425,500	$369,600	$325,000	$55,900
2020	$184,600	$143,699	$165,000	$40,901
2019	$318,000	$238,160	$69,840	$79,840

FORWARD PROGRESSION DEVELOPMENT INC