It is very likely that there were errors in my original statement. Maybe this will work?
Show status as �On Track� unless any of the following are true...
-[Date Field1] is past due and [Check Box 1] is not checked then, show Status as �Late�
-[Date Field 2] is past Due and [Field1] or [Field2] or [field3] are blank then, show Status as �Late�
-[Date Field 3] is past Due and [Check Box2] and or [Check Box3] and or [Check Box 4] are not checked then, show Status as �Late�
-[Date Field 4] is past Due and [Check Box5]
and or [Check Box6]
and or [Check Box 7] are not checked then, show Status as �Late�