PHuman ServicesEIN: 620869547· Ruling Year: 1975

Progress Inc

Nashville, Tennessee

B+Health Score
74B+

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Good

How This Organization Compares

Compared to 15 peers in Human Services with $10M-$100M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org0.44×
Peer Median7.39×
💰
$13.1M
Total Revenue
📊
$12.5M
Total Expenses
🏦
$5.6M
Net Assets
📋
$1.8M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+9.5%
Year-over-year change (2023 → 2024)
Net Margin
+4.4%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.44
Net assets divided by total expenses
Liabilities-to-Assets
24.7%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2024$13,104,2259%$12,526,9308%$7,371,67212%
2023$11,970,2135%$11,548,9409%$6,552,9237%
2022$11,389,7742%$10,599,3958%$6,116,09115%
2021$11,187,77822%$9,837,1897%$5,339,3842%
2020$9,196,2492%$9,227,846$5,252,05752%
2019$9,403,8399%$9,249,61210%$3,446,7167%
2018$8,638,2805%$8,388,4244%$3,217,7532%
2017$8,241,2841%$8,075,4324%$3,169,5985%
2016$8,176,3165%$8,428,523$3,030,3732%
2015$8,585,4644%$8,442,6211%$3,081,5094%
2014$8,258,3551%$8,395,6422%$2,962,85314%
2013$8,335,781$8,528,9464%$3,451,3983%
2012$8,296,062$8,193,691$3,547,366

Frequently Asked Questions

What does Progress Inc do?

Progress Inc is a human services nonprofit organization based in Tennessee. It is classified under NTEE code P73Z and is registered as a 501(c) tax-exempt organization with the IRS.

Is Progress Inc financially healthy?

Based on our 9-metric Financial Health Score model, Progress Inc has a score of 74/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Progress Inc generate?

Progress Inc reports $13.8M in annual revenue and holds $7.6M in total assets, based on IRS filings.

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Progress Inc — Nashville, TN | GiveScope