PROGRESSIVE LEARNING 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

2020

Legal Domicile

Principal Officer

JOSHUA T VOGELSTEIN

Phone

4438581201

Tax Period

2020-07-01 to 2021-06-30

PROGRESSIVE LEARNING INC, founded in 2020, is a small nonprofit that reported $119K in total revenue in fiscal year 2020. Revenue fell 77% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $32K, a strong 27% operating margin.

Mission

THE ORGANIZATION'S MISSION IS THE ADVANCEMENT OF SCIENCE, MEDICINE AND EDUCATION, AND KNOWLEDGE THROUGH RESEARCH AS WELL AS THE DISSEMINATION OF KNOWLEDGE BY PUBLICATION, SEMINARS AND OTHER SIMILAR ACTIVITIES DESIGNED TO FURTHER SCIENTIFIC ENDEAVORS AND DISSEMINATE SCIENTIFIC KNOWLEDGE.

Program Service Accomplishments

Program 1

THE ADVANCEMENT OF SCIENCE, MEDICINE AND EDUCATION THROUGH RESEARCH. NO GRANTS WERE AWARDED DURING FISCAL YEAR ENDED JUNE 30, 2021.

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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 (2020)

Revenue Breakdown

Contributions & Grants $119,009

Program Service Revenue $0

Investment Income $47

Other Revenue $0

TOTAL REVENUE $119,056

Expense Breakdown

Grants Paid $0

Salaries & Benefits $60,000

Fundraising Expenses $48,000

Other Expenses $26,561

TOTAL EXPENSES $86,561

Year-over-Year Comparison

	2020	2019	Change
Revenue	$119,056	$510,006	-0.8%
Expenses	$86,561	$155,893	-0.4%
Net Income	$32,495	$354,113	-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

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
JOSHUA VOGELSTEIN	PRESIDENT & TREASURER	10.00	Officer Director	$0	$0	$0
ILENE VOGELSTEIN	VP & SECRETARY	1.00	Officer Director	$0	$0	$0
JONATHAN CAPLIS	DIRECTOR	1.00	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
2021	$119,056	$86,561	$511,772	$32,495