Mitchell Thorp Foundation (EIN 270824320) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

Brad Thorp

Phone

7606038853

Tax Period

2024-07-01 to 2025-06-30

Mitchell Thorp Foundation, founded in 2009, is a community nonprofit in the Human Services sector that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 61% operating margin.

Mission

To provide support and financial assistance to families with children suffering from life threatening diseases and disorders.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,035,656

Program Service Revenue $0

Investment Income $155,756

Other Revenue $0

TOTAL REVENUE $2,191,412

Expense Breakdown

Grants Paid $0

Salaries & Benefits $370,504

Fundraising Expenses $132,471

Program Expenses $669,951

Other Expenses $477,703

TOTAL EXPENSES $848,207

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,191,412	$1,386,273	+0.6%
Expenses	$848,207	$618,174	+0.4%
Net Income	$1,343,205	$768,099	+0.7%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

Volunteers

105

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

$171,004

Total Directors

$171,004

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brad Thorp	President & CEO	40.00	Officer Director	$91,510	$0	$91,510
Beth Thorp	Executive Dir.	40.00	Officer Director	$79,494	$0	$79,494
Kurt Eugene	Director	0.00	Director	$0	$0	$0
Marcus Shaw	Director	0.00	Director	$0	$0	$0
Kenny Wood	Director	0.00	Director	$0	$0	$0
Kelly McLauglin	Director	0.00	Director	$0	$0	$0
Michele Nutter	Director	0.00	Director	$0	$0	$0
George Jackson	Treasurer	0.00	Officer	$0	$0	$0

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
2025	$2,191,412	$848,207	$3,389,040	$1,343,205
2024	$1,386,273	$618,174	$1,966,473	$768,099
2023	$771,570	$566,646	$1,199,733	$204,924
2022	$652,157	$379,962	$990,620	$272,195
2021	$403,295	$243,677	$721,722	$159,618
2020	$402,309	$351,285	$563,745	$51,024

Mitchell Thorp Foundation