Middletown, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PROGRES FOUNDATION CORPORATION, founded in 2021, is a small nonprofit in the Human Services sector that reported $478K in total revenue in fiscal year 2023. Revenue surged 73% from the prior year, signaling strong growth momentum. The organization ran a surplus of $76K, a strong 16% operating margin.
Progres Foundation serves as a creative hub for people from Turkmenistan and the diaspora by supporting skills development and educational programs that offer innovative solutions to societal problems. Progres Foundation brings together interdisciplinary experts scholars and practitioners many of whom are Turkmens to perform research and develop content around sustainable human development institution building and public participation in Turkmenistan. Topics focus on a wide range of developmental issues including public health social policy economic policy environmental policy culture and technology.
See organization's mission above. Progres Foundation does not disburse or allocate any grants.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $478,337 | $275,766 | +0.7% |
| Expenses | $402,654 | $204,225 | +1.0% |
| Net Income | $75,683 | $71,541 | +0.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Joel Cowan | President | 1.00 |
Director
|
$0 | $0 | $0 |
| Lisa Coll | Treasurer | 1.00 |
Director
|
$0 | $0 | $0 |
| Adele Simons | Secretary | 1.00 |
Director
|
$0 | $0 | $0 |
| Aynabat Yaylymova | Executive Director | 40.00 |
Director
Key Emp
Highest
|
$124,540 | $0 | $124,540 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $478,337 | $402,654 | $172,617 | $75,683 |
| 2022 | $275,766 | $204,225 | $104,385 | $71,541 |
Compare PROGRES FOUNDATION CORPORATION with other nonprofits in Connecticut and across the country.