PROGRESSIVE HOME FOR THE ELDERLY INC (EIN 941701934) - 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

1978

Legal Domicile

Phone

7143776200

Tax Period

2025-01-01 to 2025-12-31

PROGRESSIVE HOME FOR THE ELDERLY INC, founded in 1978, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2025. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $835K, a strong 33% operating margin.

Mission

PROVIDE LOW INCOME HOUSING

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,467,251

Investment Income $50,708

Other Revenue $3,529

TOTAL REVENUE $2,521,488

Expense Breakdown

Grants Paid $0

Salaries & Benefits $491,546

Fundraising Expenses $0

Program Expenses $1,686,347

Other Expenses $1,194,801

TOTAL EXPENSES $1,686,347

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,521,488	$2,080,853	+0.2%
Expenses	$1,686,347	$1,743,212	0.0%
Net Income	$835,141	$337,641	+1.5%

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
TANDY COGGS	PRESIDENT	0.00	Officer	$0	$0	$0
JANET ECHOLS	TREASURER	40.00	Officer	$0	$0	$0
ELSIE SMITH	SECRETARY	0.00	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
2025	$2,521,488	$1,686,347	$3,543,748	$835,141
2024	$2,080,853	$1,743,212	$2,531,756	$337,641
2023	$1,578,319	$1,304,896	$2,065,443	$273,423
2022	$1,449,852	$1,443,378	$1,802,301	$6,474
2021	$1,486,451	$1,307,926	$1,795,840	$178,525
2020	$1,387,110	$1,381,510	$1,723,972	$5,600
2019	$1,366,430	$1,071,269	$1,651,300	$295,161
2018	$1,328,255	$1,167,980	$1,404,321	$160,275

PROGRESSIVE HOME FOR THE ELDERLY INC