THE THRIVE NETWORK (EIN 384068622) - 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

2019

Legal Domicile

Principal Officer

HEATHER MCBROOM

Phone

7193016212

Tax Period

2025-01-01 to 2025-12-31

THE THRIVE NETWORK, founded in 2019, is a small nonprofit in the Education sector that reported $266K in total revenue in fiscal year 2025. Revenue decreased 5% compared to the prior year. Expenses of $252K left a modest 5% surplus.

Mission

TO TRAIN AND EQUIP RESIDENTS IN SOUTHEAST COLORADO SPRINGS WITH AN ENTREPRENEURIAL MINDSET AND SKILL.

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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 (2025)

Revenue Breakdown

Contributions & Grants $263,460

Program Service Revenue $600

Investment Income $1,501

Other Revenue $0

TOTAL REVENUE $265,561

Expense Breakdown

Grants Paid $0

Salaries & Benefits $177,560

Fundraising Expenses $0

Program Expenses $201,800

Other Expenses $74,107

TOTAL EXPENSES $251,667

Year-over-Year Comparison

	2025	2024	Change
Revenue	$265,561	$280,673	-0.1%
Expenses	$251,667	$270,583	-0.1%
Net Income	$13,894	$10,090	+0.4%

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

$90,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES SMITH III	BOARD CHAIR	2.00	Director	$0	$0	$0
GREGG SHELDON	MEMBER	1.00	Director	$0	$0	$0
CATHERINE CARLEO	SECRETARY	2.00	Director	$0	$0	$0
LINDSEY COLLINS	VICE CHAIR	2.00	Director	$0	$0	$0
JACKIE GONZALEZ	TREASURER	2.00	Director	$0	$0	$0
SANDRA LOPEZ	MEMBER	3.00	Director	$0	$0	$0
MONIQUE WALKES	MEMBER	1.00	Director	$0	$0	$0
MELBA ROBINSON-SANTA	MEMBER	1.00	Director	$0	$0	$0
HEATHER MCBROOM	EXECUTIVE DIRECTOR	40.00	Officer	$90,000	$0	$90,000

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	$265,561	$251,667	$249,887	$13,894
2024	$280,673	$270,583	$295,111	$10,090
2023	$233,326	$239,884	$158,636	$-6,558
2022	$215,663	$183,049	$169,065	$32,614
2020	$258,009	$128,787	$142,879	$129,222

THE THRIVE NETWORK