Progress Valley Inc

Nonprofit profile at a glance

EIN
410979451
IRS 990 coverage
2012–2025
Forms available
Form 990 2025, Form 990-T 2024
Location
Bloomington, MN, USA
Phone
9523745540
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$9,156,117
Expenses
$9,048,051
Assets
$16,320,120
Liabilities
$4,373,315

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

15 people listed

Executive titles in this filing

  • JARED BOSTROM (CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • JARED BOSTROM (CHIEF EXECUTIVE OFFICER): $294,511 total reported compensation
  • CHRIS TAUTE (CHIEF FINANCIAL OFFICER): $188,151 total reported compensation
  • AMBER MICHALSKI (CHIEF OPERATION OFFICER): $157,861 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Progress valley provides a continuum of recovery support services which encourages and guides individuals to lead responsible, fulfilling, chemical-free lives.

What it reported doing in 2025

Sud programstotal # of residential clients served - 576 totaloccupancy rates - 82.4%successful completion of residential - 63%total # of outpatient clients served - 570 totalsuccessful completion of outpatient - 46.5%assessments - 584 total housingtotal # of tenants served - 78 (59 male, 19 female)occupancy rates - men 41.9% women 39.8%average stay - men 7.0 months women 11.5 monthssuccessful completion/move out - men 42.3% women 92.3%mental healthtotal # of mental health clients served - 432

Operating model

Revenue model
Earned-program. 98% of the money available for current operations came from fees and other program revenue.
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

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 60
  • Accountability: 100
  • Sustainability: 37
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82.5%; rating input score 83
  • Program expense ratio: 84.6%; rating input score 85
  • Fundraising efficiency: $0.28 raised per $1 spent on fundraising; rating input score 1; 1st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 1.2%; rating input score 31; 31st percentile among comparable filings
  • Total-asset coverage ratio: 1.8; rating input score 54; 54th percentile among comparable filings
  • Liabilities to assets ratio: 0.27; rating input score 29; 29th percentile among comparable filings
  • Officer compensation ratio: 11.1%; rating input score 30; 30th percentile among comparable filings

Growth

  • Program expense growth: 9.4% per year; rating input score 100; 58th percentile among comparable filings
  • Revenue growth: 6.8% per year; rating input score 100; 51st percentile among comparable filings
  • Asset growth: 6.7% per year; rating input score 100; 43rd percentile among comparable filings

Details

  • Where the money goes: 82.5% of revenue deployed · 84.6% of spending went to programs
  • Governance: 9 of 9 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $7.7M in reported program spending
  • Leadership: top reported pay $295K · 15 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 4 filed schedules · includes executive pay
  • Filing history: 13 filing years from 2012 to 2025
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 1/100.
  • Moderate — Sustainability: Operating margin scored 31/100.
  • Review — Sustainability: Total-asset coverage ratio scored 54/100.
  • High — Sustainability: Liabilities to assets ratio scored 29/100.
  • Moderate — Sustainability: Officer compensation ratio scored 30/100.