THRIVE SCHOLARS (EIN 455619310) - 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

2014

Legal Domicile

Principal Officer

AMANDA FOSTER

Phone

6175004449

Tax Period

2023-09-01 to 2024-08-31

THRIVE SCHOLARS, founded in 2014, is a mid-sized nonprofit in the Education sector that reported $18.5M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $21.8M exceeded revenue, resulting in a 18% operating deficit.

Mission

TO HELP HIGH-ACHIEVING, UNDER-RESOURCED STUDENTS GRADUATE FROM TOP COLLEGES

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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 $18,382,714

Program Service Revenue $0

Investment Income $73,510

Other Revenue $0

TOTAL REVENUE $18,456,224

Expense Breakdown

Grants Paid $4,709,628

Salaries & Benefits $12,304,490

Fundraising Expenses $2,982,760

Program Expenses $17,211,173

Other Expenses $4,759,333

TOTAL EXPENSES $21,773,451

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,456,224	$21,264,461	-0.1%
Expenses	$21,773,451	$20,107,721	+0.1%
Net Income	$-3,317,227	$1,156,740	-3.9%

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

279

Volunteers

312

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

$1,304,138

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTIN JACOBS	CHAIR	3.00	Officer Director	$0	$0	$0
CALLUM HENDERSON	TREASURER	3.00	Officer Director	$0	$0	$0
RUSSELL STEIN	SECRETARY	3.00	Officer Director	$0	$0	$0
SEAN LOGAN	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN LENIHAN	DIRECTOR	2.00	Director	$0	$0	$0
JIM LONDON	DIRECTOR	2.00	Director	$0	$0	$0
TRISHA LONDON	DIRECTOR	2.00	Director	$0	$0	$0
JESSICA PEREZ	DIRECTOR	2.00	Director	$0	$0	$0
PAT KIRBY	DIRECTOR	2.00	Director	$0	$0	$0
EVELYN HOU	DIRECTOR	2.00	Director	$0	$0	$0
RICK HESS	DIRECTOR	2.00	Director	$0	$0	$0
JOAN HERMAN	DIRECTOR	2.00	Director	$0	$0	$0
VANESSA GONZALEZ-LOPEZ	DIRECTOR	2.00	Director	$0	$0	$0
TIFFANIE BOYD	DIRECTOR	2.00	Director	$0	$0	$0
RENITA SMITH	DIRECTOR	2.00	Director	$0	$0	$0
PHILLIP AUBREY	DIRECTOR	2.00	Director	$0	$0	$0
PEDRO GOMEZ	DIRECTOR (UNTIL 10/2023)	2.00	Director	$0	$0	$0
STEVE STEIN	CHIEF EXECUTIVE OFFICER	40.00	Officer	$422,859	$20,046	$442,905
ANA ARCHIBALD	PRESIDENT AND CEO	40.00	Officer	$318,353	$9,047	$327,400
TYRA MONTINA	CHIEF OPERATING OFFICER	40.00	Officer	$255,401	$26,732	$282,133
AVA ARCHIBALD	CHIEF EQUITY AND INCLUSION OFFICER	40.00	Officer	$222,969	$28,731	$251,700
MARCIE PEREZ	MANAGING DIRECTOR OF COMMU	40.00	Highest	$185,420	$14,720	$200,140
KERRY WATERSON	MANAGING DIRECTOR OF REGIO	40.00	Highest	$174,569	$11,145	$185,714
MONIQUE PEREZ	MANAGING DIRECTOR OF CORPO	40.00	Highest	$172,455	$21,957	$194,412
MARTHA SANCHEZ	MAJOR GIFTS OFFICER	40.00	Highest	$164,842	$11,889	$176,731
BETHANY GOLDSZER	DIRECTOR OF SITE GROWTH	40.00	Highest	$164,616	$18,338	$182,954
TAL GILAD	FORMER CHIEF ADVANCEMENT OFFICER	40.00		$185,041	$8,735	$193,776

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	$18,456,224	$21,773,451	$8,721,527	$-3,317,227
2023	$21,264,461	$20,107,721	$12,503,639	$1,156,740
2022	$11,903,031	$16,548,408	$11,146,876	$-4,645,377
2021	$13,719,971	$6,758,247	$14,006,320	$6,961,724
2019	$7,313,057	$4,901,649	$4,880,386	$2,411,408

THRIVE SCHOLARS