WAKEFIELD PROGRESSIVE INC (EIN 832952274) - 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

MEGAN WEAVER

Phone

4022878022

Tax Period

2024-04-01 to 2025-03-31

WAKEFIELD PROGRESSIVE INC, founded in 2018, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 3220% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 92% operating margin.

Mission

FOR THE PURPOSE OF ENHANCING, PROMOTING, AND IN FURTHERANCE OF ECONOMIC DEVELOPMENT IN OR NEAR WAKEFIELD, NEBRASKA, AND TO ENGAGE IN ANY LAWFUL ACT OR ACTIVITY FOR WHICH NONPROFIT CORPORATIONS MAY BE ORGANIZED UNDER THE LAWS OF THE STATE OF NEBRASKA.

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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 $1,218,746

Program Service Revenue $23,361

Investment Income $7,960

Other Revenue $-3,524

TOTAL REVENUE $1,246,543

Expense Breakdown

Grants Paid $1,235

Salaries & Benefits $76,448

Fundraising Expenses $19,112

Program Expenses $23,679

Other Expenses $16,198

TOTAL EXPENSES $93,881

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,246,543	$37,552	+32.2%
Expenses	$93,881	$77,227	+0.2%
Net Income	$1,152,662	$-39,675	-30.1%

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

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

$58,923

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON MCQUISTAN	PRESIDENT	5.00	Officer Director	$0	$0	$0
TERRY BAKER	TREASURER AND SECRETARY	3.00	Officer Director	$0	$0	$0
KATE DOLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
GAREK BEBEE	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY SALMON	BOARD MEMBER	1.00	Director	$0	$0	$0
ROSS HANSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
MEGAN WEAVER	EXECUTIVE DIRECTOR	40.00	Officer	$58,923	$0	$58,923

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
2025	$1,246,543	$93,881	$1,297,825	$1,152,662

WAKEFIELD PROGRESSIVE INC