INSTITUTE FOR PROGRESS (EIN 872449729) - 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

2021

Legal Domicile

Principal Officer

ALEC STAPP

Phone

4806283863

Tax Period

2023-01-01 to 2023-12-31

INSTITUTE FOR PROGRESS, founded in 2021, is a community nonprofit in the Social Science sector that reported $8.2M in total revenue in fiscal year 2023. Revenue surged 745% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.1M, a strong 62% operating margin.

Mission

NON-PARTISAN THINK TANK FOCUSED ON INNOVATION POLICY. OUR ORGANIZATION WORKS TO ACCELERATE AND SHAPE THE DIRECTION OF SCIENTIFIC, TECHNOLOGICAL AND INDUSTRIAL PROGRESS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $8,198,001

Program Service Revenue $0

Investment Income $71

Other Revenue $0

TOTAL REVENUE $8,198,072

Expense Breakdown

Grants Paid $551,220

Salaries & Benefits $1,436,725

Fundraising Expenses $139,365

Program Expenses $2,545,972

Other Expenses $1,091,293

TOTAL EXPENSES $3,079,238

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,198,072	$970,114	+7.5%
Expenses	$3,079,238	$1,201,769	+1.6%
Net Income	$5,118,834	$-231,655	-23.1%

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

N/A

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

$442,680

Total Directors

$442,680

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEC STAPP	CO-CEO	40.00	Officer Director	$202,500	$17,526	$220,026
CALEB WATNEY	CO-CEO	40.00	Officer Director	$202,500	$20,154	$222,654
DANIEL CORREA	DIRECTOR	1.00	Director	$0	$0	$0
TAMARA WINTER	DIRECTOR	1.00	Director	$0	$0	$0
ZACHARY GRAVES	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY NEUFELD	SR IMMIGRATION FELLOW	40.00	Highest	$129,167	$13,241	$142,408
BRIAN POTTER	SR INFRASTRUCTURE FELLOW	40.00	Highest	$140,000	$12,345	$152,345
SANTIAGO RUIZ	SR EDITOR	40.00	Highest	$116,250	$14,994	$131,244
ARIELLE D'SOUZA	BIOTECH FELLOW	40.00	Highest	$101,667	$8,719	$110,386

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	$8,198,072	$3,079,238	$6,919,451	$5,118,834
2022	$970,114	$1,201,769	$1,531,455	$-231,655
2021	$1,900,000	$159,934	$1,741,385	$1,740,066

INSTITUTE FOR PROGRESS