Progressive Pipeline

EIN: 841929570

Portland, ME

Total Revenue
$161,200
Total Expenses
$119,606
Total Assets
$69,039
Net Assets
$69,039
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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
DC
Phone
2076506564
Tax Period
2022-01-01 to 2022-12-31

Progressive Pipeline, founded in 2019, is a small nonprofit that reported $161K in total revenue in fiscal year 2022. The organization ran a surplus of $42K, a strong 26% operating margin.

Mission

Recruit and train the next generation of progressive leaders.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $48,280
Program Service Revenue $78,998
Investment Income $33,922
Other Revenue $0
TOTAL REVENUE $161,200

Expense Breakdown

Grants Paid $0
Salaries & Benefits $68,272
Fundraising Expenses $14,000
Program Expenses $64,267
Other Expenses $51,334
TOTAL EXPENSES $119,606

Year-over-Year Comparison

2022 2021 Change
Revenue $161,200 $169,300 0.0%
Expenses $119,606 $221,231 -0.5%
Net Income $41,594 $-51,931 -1.8%
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

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Governance

Voting Members
7
Independent Members
6
Employees
2
Volunteers
6

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
4
$88,848
Total Directors
7
$88,848
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael Michaelson President 25.00
Officer Director
$35,000 $4,186 $88,848
Elaine Cummings Chairman 2.00
Officer Director
$0 $0 $0
Sheila Schroeder Treasurer 2.00
Officer Director
$0 $0 $0
Alexandra Fascione Secretary 2.00
Officer Director
$0 $0 $0
Evan Wolfson Director 2.00
Director
$0 $0 $0
Roohi Rustum Director 2.00
Director
$0 $0 $0
Alfredo Patino Director 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
2022 $161,200 $119,606 $69,039 $41,594
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