PROGRESS FOUNDATION (EIN 941716828) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1969

Legal Domicile

Principal Officer

STEVEN FIELDS

Phone

4158610828

Tax Period

2024-07-01 to 2025-06-30

PROGRESS FOUNDATION, founded in 1969, is a mid-sized nonprofit in the Mental Health sector that reported $34.1M in total revenue in fiscal year 2024.

Mission

TO PROVIDE SOCIAL REHABILITATION AND MENTAL HEALTH SERVICES IN A NON-INSTITUTIONAL SETTING.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $32,780,974

Program Service Revenue $1,247,992

Investment Income $116,995

Other Revenue $0

TOTAL REVENUE $34,145,961

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,061,399

Fundraising Expenses $0

Program Expenses $30,810,711

Other Expenses $7,623,274

TOTAL EXPENSES $33,684,673

Year-over-Year Comparison

	2024	2023	Change
Revenue	$34,145,961	$31,902,977	+0.1%
Expenses	$33,684,673	$31,101,888	+0.1%
Net Income	$461,288	$801,089	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

546

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

$609,868

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS QUIRK	PSYCHIATRIST	40.00	Highest	$255,794	$18,553	$274,347
STEVEN FIELDS	EXECUTIVE DIRECTOR	40.00	Officer	$259,591	$11,092	$270,683
ANNIE LE	PER DIEM NURSE PRACTITIONER	40.00	Highest	$194,609	$16,105	$210,714
HUAN MWANA	NURSE PRACTITIONER	40.00	Highest	$189,233	$8,277	$197,510
SWATI KAPADIA	CFO & TREASURER	40.00	Officer	$181,567	$7,829	$189,396
JERILYN CADIZ	REGISTERED NURSE	32.00	Highest	$141,511	$20,781	$162,292
NATALIE ST CLAIR	DIRECTOR OF OPS & PROJECTS	40.00	Officer	$143,531	$6,258	$149,789
NAMOSHRI CHAUDHURI	PER DIEM NURSE PRACTITIONER	26.00	Highest	$120,641	$5,853	$126,494
MARGARET CIMINO	CHAIR	1.00	Officer Director	$0	$0	$0
LESLIE BILBRO	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ALANA HARRINGTON	DIRECTOR	1.00	Director	$0	$0	$0
KAREN WENGER MD	DIRECTOR	1.00	Director	$0	$0	$0
LEE AURICH	DIRECTOR	1.00	Director	$0	$0	$0
MARTY WINTER	DIRECTOR	1.00	Director	$0	$0	$0
SCOT RUSSELL PHD	DIRECTOR	1.00	Director	$0	$0	$0
SETH KATZMAN	DIRECTOR	1.00	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
2025	$34,145,961	$33,684,673	$23,055,861	$461,288
2024	$31,902,977	$31,101,888	$23,552,241	$801,089
2023	$28,497,902	$28,803,080	$24,579,071	$-305,178
2022	$27,704,811	$27,909,284	$22,915,210	$-204,473
2021	$25,489,079	$29,389,599	$22,971,876	$-3,900,520
2020	$25,831,538	$26,114,980	$25,011,873	$-283,442
2019	$25,570,904	$24,956,260	$22,582,370	$614,644
2018	$23,644,306	$24,047,679	$22,028,950	$-403,373

PROGRESS FOUNDATION