ProGeny Startups Inc

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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

2019

Legal Domicile

Principal Officer

RHONNIE E BREWER

Tax Period

2023-01-01 to 2023-12-31

ProGeny Startups Inc, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $292K in total revenue in fiscal year 2023. Expenses of $327K exceeded revenue, resulting in a 12% operating deficit.

Mission

Our work is focused on helping those under-represented starters to gain access to the knowledge, resources, and networking needed to build sustainable businesses and transform their communities

Program Service Accomplishments

Program 1

Expenses: $74,664

EXPENSES RELATED TO THE COMMUNITY ENGAGEMENT AND CAREER SERVICES

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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 $77,036

Program Service Revenue $215,158

Investment Income $0

Other Revenue $0

TOTAL REVENUE $292,194

Expense Breakdown

Grants Paid $32,110

Salaries & Benefits $221,063

Fundraising Expenses $0

Program Expenses $74,664

Other Expenses $74,207

TOTAL EXPENSES $327,380

Year-over-Year Comparison

	2023	2022	Change
Revenue	$292,194	N/A	N/A
Expenses	$327,380	$268,042	+0.2%
Net Income	$-35,186	$-268,042	-0.9%

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

$100,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RHONNIE E BREWER	Executive Director	40.00	Officer	$100,000	$0	$100,000

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	No data	No data	No data	No data
2023	$292,194	$327,380	$7,208	$-35,186
2022	$273,589	$323,920	$21,744	$-50,331
2021	$125,044	$177,110	$-109,748	$-52,066