Progress Florida Inc

Nonprofit profile at a glance

EIN
300599086
IRS 990-EZ coverage
2021–2024
Forms available
Form 990 2020, Form 990-EZ 2024
Location
St Petersburg, FL, USA
Phone
7272892612
Rating
90
Verdict
STRONG
Rating confidence
Moderate
Sector
Citizen Participation

Official website

Reported finances

Revenue
$32,767
Expenses
$39,212
Assets
$336,309
Liabilities
$38,156

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • Julie Hauserman (President, Director)

People named in this filing

  • Mark Ferrulo (Secretary, Director)
  • Julie Hauserman (President, Director)
  • Lisa Frank (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The purpose for which the corporation is formed is the promotion of social welfare within the meaning provided in section 501(c)(4) of the Internal Revenue Code. The corporation may engage in research, education, and advocacy in efforts to promote progressive ideas within the state of Florida. The corporation is not organized for gain or individual profit.

What it reported doing in 2024

Researching and influencing public policy: staff engage in activities including media outreach, education, coalition building, and grassroots lobbying on the following issues: environmental protection, access to healthcare, promoting fair courts, defending access to reproductive healthcare, and economic fairness.

Operating model

Revenue model
Donor-supported. 82% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 97
  • Transparency & Controls: 100
  • Sustainability: 40
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 90.5%; rating input score 91

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -19.7%; rating input score 23; 23rd percentile among comparable filings
  • Total-asset coverage ratio: 8.58; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: 0.11; rating input score 17; 17th percentile among comparable filings
  • Officer compensation ratio: 243.5%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: -22.7% per year; rating input score 0; 16th percentile among comparable filings
  • Revenue growth: -47.7% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: -2.2% per year; rating input score 0; 31st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 90.5% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $35K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 4 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 23/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 17/100.