THRIVE WASHINGTON (EIN 204829769) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

MOLLY O'CONNOR

Phone

2066215555

Tax Period

2018-07-01 to 2019-06-30

THRIVE WASHINGTON, founded in 2006, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2018. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $3.7M exceeded revenue, resulting in a 48% operating deficit.

Mission

THRIVE WASHINGTON ADVANCES HIGH-QUALITY EARLY LEARNING - WITH A COMMITMENT TO INNOVATION AND EQUITY - THROUGHOUT WASHINGTON STATE. WE WORK WITH PARTNERS TO ACTIVATE COMMUNITIES, ADVOCATE FOR YOUNG CHILDREN AND FAMILIES, AND INFLUENCE PUBLIC AND PRIVATE INVESTMENT.

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Trantor Score

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

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

Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $616,848

Program Service Revenue $1,798,824

Investment Income $106,955

Other Revenue $8,153

TOTAL REVENUE $2,530,780

Expense Breakdown

Grants Paid $876,431

Salaries & Benefits $1,409,837

Fundraising Expenses $174,253

Program Expenses $2,680,579

Other Expenses $1,451,612

TOTAL EXPENSES $3,737,880

Year-over-Year Comparison

	2018	2017	Change
Revenue	$2,530,780	$2,227,763	+0.1%
Expenses	$3,737,880	$4,843,639	-0.2%
Net Income	$-1,207,100	$-2,615,876	-0.5%

Key Indicators

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

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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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

Governance

Voting Members

Independent Members

Employees

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

$245,350

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DON STARK	CHAIR	5.00	Officer Director	$0	$0	$0
EDIE HARDING	VICE-CHAIR	5.00	Officer Director	$0	$0	$0
GEORGE EDWARDS	TREASURER	5.00	Officer Director	$0	$0	$0
BEVERLY JACOBSON	SECRETARY	5.00	Officer Director	$0	$0	$0
TONY BENTON	BOARD MEMBER	5.00	Director	$0	$0	$0
TOM DENT	BOARD MEMBER	5.00	Director	$0	$0	$0
JIM MCCARTHY	BOARD MEMBER	5.00	Director	$0	$0	$0
TIM MERLINO	BOARD MEMBER	5.00	Director	$0	$0	$0
MARY ELLEN O'KEEFFE	BOARD MEMBER	5.00	Director	$0	$0	$0
BECK TAYLOR	BOARD MEMBER	5.00	Director	$0	$0	$0
MAUREEN WALSH	BOARD MEMBER	5.00	Director	$0	$0	$0
LISA WELLMAN	BOARD MEMBER	5.00	Director	$0	$0	$0
TRUDI INSLEE	BOARD MEMBER	5.00	Director	$0	$0	$0
JODY BECKER	BOARD MEMBER	5.00	Director	$0	$0	$0
KARMA HUGO	BOARD MEMBER	5.00	Director	$0	$0	$0
CHARLES WRIGHT	BOARD MEMBER	5.00	Director	$0	$0	$0
MOLLY M O'CONNOR	PRESIDENT/CEO	40.00	Officer	$131,754	$22,696	$154,450
DEBORAH JENSEN	INTERIM CEO/PRESIDENT/CEO	40.00	Officer	$90,900	$0	$90,900
ANDREA L MACKIN	VP FUND DEV	40.00	Highest	$120,600	$10,238	$130,838
LIV WOODSTROM	VP CAPACITY BUILDING	40.00	Highest	$125,575	$15,176	$140,751
QUEN ZORRAH	NFP STATE LEAD	40.00	Highest	$110,173	$14,134	$124,307

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
2019	$2,530,780	$3,737,880	$3,705,447	$-1,207,100
2018	$2,227,763	$4,843,639	$5,321,424	$-2,615,876

THRIVE WASHINGTON