CHAMBER OF PROGRESS (EIN 853963084) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

Principal Officer

ADAM KOVACEVICH

Phone

2024703046

Tax Period

2023-01-01 to 2023-12-31

CHAMBER OF PROGRESS, founded in 2020, is a mid-sized nonprofit in the Community Improvement sector that reported $10.6M in total revenue in fiscal year 2021. Revenue surged 6973% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.4M, a strong 42% operating margin.

Mission

AN INDUSTRY COALITION PROMOTING TECHNOLOGY'S PROGRESSIVE FUTURE

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $8,681,678

Investment Income $0

Other Revenue $0

TOTAL REVENUE $8,681,678

Expense Breakdown

Grants Paid $124,181

Salaries & Benefits $2,884,803

Fundraising Expenses $0

Other Expenses $3,526,002

TOTAL EXPENSES $6,534,986

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,681,678	$29,920,121	-0.7%
Expenses	$6,534,986	$24,240,229	-0.7%
Net Income	$2,146,692	$5,679,892	-0.6%

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

$506,288

Total Directors

$506,288

Key Employees

$541,304

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM KOVACEVICH	CHIEF EXECUTIVE OFFICER	40.00	Officer Director	$472,780	$33,508	$506,288
MAURA CORBETT	SECRETARY	0.25	Officer Director	$0	$0	$0
JULIE SAMUELS	TREASURER	0.25	Officer Director	$0	$0	$0
RANDALL ROTHENBERG	BOARD MEMBER	0.25	Director	$0	$0	$0
HILLARY BRILL	BOARD MEMBER	0.25	Director	$0	$0	$0
KAITLYN HARGER	SENIOR ECONOMIST	40.00	Key Emp	$177,399	$19,921	$197,320
KOUSTUBH BAGCHI	VICE PRESIDENT OF TECHNOLOGY	40.00	Key Emp	$157,382	$17,960	$175,342
JESSICA MIERS	SENIOR COUNSEL, LEGAL ADVOCACY	40.00	Key Emp	$155,465	$13,177	$168,642
MARK JENSSEN	DIRECTOR OF DIGITAL STRATEGY AND GRASSROOTS MOBILI	40.00	Highest	$136,348	$17,096	$153,444
KOURI MARSHALL	DIRECTOR OF STATE & LOCAL GOV'T RELATIONS, CENTRAL	40.00	Highest	$135,535	$11,616	$147,151
CHRISTOPHER MACKENZIE	SENIOR DIRECTOR, COMMUNICATIONS	40.00	Highest	$135,260	$17,426	$152,686
ALAIN XIONG-CALMES	DIRECTOR OF STATE AND LOCAL PUBLIC POLICY	40.00	Highest	$131,739	$15,990	$147,729

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	$8,681,678	$6,534,986	$12,595,548	$2,146,692
2022	$29,920,121	$24,240,229	$10,357,158	$5,679,892
2021	$10,610,320	$6,164,029	$5,318,636	$4,446,291

CHAMBER OF PROGRESS