THRIVE INC (EIN 363501185) - 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

1986

Legal Domicile

Principal Officer

Virginia Hanson

Phone

4065873840

Tax Period

2023-01-01 to 2023-12-31

THRIVE INC, founded in 1986, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Expenses of $2.1M exceeded revenue, resulting in a 24% operating deficit.

Mission

FOR ALL CHILDREN TO HAVE THE OPPORTUNITY TO GROW, SUCCEED, AND BECOME VALUABLE MEMBERS OF OUR SOCIETY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,209,224

Program Service Revenue $373,960

Investment Income $22,204

Other Revenue $123,786

TOTAL REVENUE $1,729,174

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,599,269

Fundraising Expenses $476,013

Program Expenses $1,350,351

Other Expenses $550,212

TOTAL EXPENSES $2,149,481

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,729,174	$1,699,331	+0.0%
Expenses	$2,149,481	$1,968,801	+0.1%
Net Income	$-420,307	$-269,470	+0.6%

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

319

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

$82,174

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Carrie Gilbertson	Executive Dir.	40.00	Officer	$82,174	$0	$82,174
Mark Lasswell	Chairman	3.00	Officer Director	$0	$0	$0
Shann Scott	Director	1.00	Director	$0	$0	$0
Lauren Brendel	Vice Chair	1.00	Officer Director	$0	$0	$0
Bailey Evans	Director	1.00	Director	$0	$0	$0
Sarah Hays	Director	1.00	Director	$0	$0	$0
Robin Patterson	Director	1.00	Director	$0	$0	$0
Tim Tripp	Treasurer	2.00	Officer Director	$0	$0	$0
Adam Callinan	Director	1.00	Director	$0	$0	$0
Troy Couture	Director	1.00	Director	$0	$0	$0
Alex Dabney	Director	1.00	Director	$0	$0	$0
Aimee Chang	Secretary	1.00	Officer Director	$0	$0	$0
Maria Ippolito	Director	1.00	Director	$0	$0	$0
Virginia Hanson	Executive Dir.	40.00	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
2024	No data	No data	No data	No data
2023	$1,729,174	$2,149,481	$4,616,437	$-420,307
2022	$1,699,331	$1,968,801	$5,338,572	$-269,470
2021	$4,479,821	$1,571,406	$5,499,821	$2,908,415
2020	$2,396,713	$1,616,986	$2,479,893	$779,727
2019	$1,732,014	$1,578,072	$1,604,581	$153,942
2018	$1,592,317	$1,689,951	$1,337,582	$-97,634

THRIVE INC