PUT PROGRESS FIRST

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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

2023

Legal Domicile

Principal Officer

JANE GARCIA

Phone

5173749100

Tax Period

2024-01-01 to 2024-12-31

PUT PROGRESS FIRST, founded in 2023, is a small nonprofit that reported $572K in total revenue in fiscal year 2024. Revenue surged 129% from the prior year, signaling strong growth momentum. Expenses of $500K left a modest 13% surplus.

Mission

To operate exclusively for the promotion of civic action and social welfare by promoting the common good and general welfare of the residents of, and visitors to, the State of Michigan; To support public policies on the federal, state, and local levels that will bring about civic betterments and social improvements to Michigan residents; To support activities and programs that improve the quality and effectiveness of government for the State of Michigan; To promote, encourage, and advocate citizen participation in civic events

Program Service Accomplishments

Program 1

Expenses: $398,521

Public policy research and activities to inform advocacy related to the state of Michigan and City of Detroit

Program 2

Expenses: $16,460

ADVOCACY RELATED TO MATTERS IMPORTANT TO THE DETROIT COMMUNITY AND STATE OF MICHIGAN

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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 $571,675

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $571,675

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $414,981

Other Expenses $499,517

TOTAL EXPENSES $499,517

Year-over-Year Comparison

	2024	2023	Change
Revenue	$571,675	$250,000	+1.3%
Expenses	$499,517	$241,518	+1.1%
Net Income	$72,158	$8,482	+7.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANE GARCIA	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
CARLO CASTIGLIONE	VICE CHAIRPRSN	1.00	Officer Director	$0	$0	$0
CLARENCE GAYLES	SEC/TREAS	1.00	Officer Director	$0	$0	$0
RENAE MOORE	ASST SECRETARY	1.00	Officer	$0	$0	$0
ALLISON CHOREY	ASST TREASURER	1.00	Officer	$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	$571,675	$499,517	$80,640	$72,158
2023	$250,000	$241,518	$8,482	$8,482