PROGRESSION SPORTS PERFORMANCE 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

2022

Legal Domicile

Principal Officer

Richard Lee

Phone

4244884414

Tax Period

2024-01-01 to 2024-12-31

PROGRESSION SPORTS PERFORMANCE INC, founded in 2022, is a small nonprofit in the Recreation & Sports sector that reported $281K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $262K left a modest 7% surplus.

Mission

Educational: Our mission is to inspire physical and mental health, character development, and responsibility through martial arts training and competition, strength and conditioning, teamwork, and community service.

Program Service Accomplishments

Program 1

Expenses: $242,719 Revenue: $280,698

Teaching martial arts to students is the sole program service.

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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 $25,470

Program Service Revenue $253,484

Investment Income $1,744

Other Revenue $0

TOTAL REVENUE $280,698

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,357

Fundraising Expenses $0

Program Expenses $242,719

Other Expenses $230,201

TOTAL EXPENSES $261,558

Year-over-Year Comparison

	2024	2023	Change
Revenue	$280,698	$246,057	+0.1%
Expenses	$261,558	$196,140	+0.3%
Net Income	$19,140	$49,917	-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

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

$31,356

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard Lee	President	35	Director	$31,356	$0	$31,356
Angelike Dexter	Secretary	2	Director	$0	$0	$0
Jennifer Laduke	Treasurer	2	Director	$0	$0	$0
Angela Choi	Director	2	Director	$0	$0	$0
Hoda Daraby	Director	2	Director	$0	$0	$0
Julie Zhu	Director	2	Director	$0	$0	$0
Heidi Sung	Director	2	Director	$0	$0	$0
Mina Choi	Director	2	Director	$0	$0	$0
Juan Rosales	Director	2	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
2024	$280,698	$261,558	$134,858	$19,140
2023	$246,057	$196,140	$114,698	$49,917