PROGRESSIVE STEPS INC (EIN 843705981) - 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

2019

Legal Domicile

Principal Officer

PROGRESSIVE STEPS INC

Phone

4056737387

Tax Period

2024-01-01 to 2024-12-31

PROGRESSIVE STEPS INC, founded in 2019, is a micro nonprofit that reported $90K in total revenue in fiscal year 2024. Revenue fell 66% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $54K, a strong 60% operating margin.

Mission

Organized and operated exclusively for exempt purposes as described in section 501c3 of the Internal Revenue Code

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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 $12,000

Program Service Revenue $78,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $90,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,300

Program Expenses $34,000

Other Expenses $36,100

TOTAL EXPENSES $36,100

Year-over-Year Comparison

	2024	2023	Change
Revenue	$90,000	$266,100	-0.7%
Expenses	$36,100	$227,942	-0.8%
Net Income	$53,900	$38,158	+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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARCHAE FRAZIER	DIRECTOR	040.00	Director	$0	$0	$0
SHANTEL LEONARD	Programs Administrator	020.00	Officer	$0	$0	$0
KENNETH COVINGTON	Marketing Director	020.00	Officer	$0	$0	$0
SERITA GRAY-FLETCHER	Educational Director	020.00	Officer	$0	$0	$0
BREA RICH	Administrative Lead	020.00	Officer	$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
2024	$90,000	$36,100	$117,058	$53,900
2023	$131,600	$182,600	$101,058	$-51,000
2022	$266,100	$227,942	$63,158	$38,158
2022	$266,100	$127,942	$163,158	$138,158
2021	$102,000	$82,950	$24,865	$19,050
2021	$102,000	$82,950	$24,865	$19,050
2020	$98,700	$102,885	$5,815	$-4,185