Thrive Innovation Foundation

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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

2012

Legal Domicile

Phone

8312226111

Tax Period

2018-01-01 to 2018-12-31

Thrive Innovation Foundation, founded in 2012, is a small nonprofit in the Community Improvement sector that reported $200K in total revenue in fiscal year 2018. The organization ran a surplus of $95K, a strong 48% operating margin.

Mission

Thrive Innovation Foundation is expanding opportunities for researchers, students and entrepreneurs, and drawing corporate partnership to Steinbeck Country.

Program Service Accomplishments

Program 1

Expenses: $95,000

Thrive Innovation Foundation is expanding opportunities for researchers, students and entrepreneurs, and drawing corporate partnerships to Steinbeck Country. The organization is run by a Board of...

Thrive Innovation Foundation is expanding opportunities for researchers, students and entrepreneurs, and drawing corporate partnerships to Steinbeck Country. The organization is run by a Board of Directors with public and private representation. Our initiatives all stem from close partnerships with regional and national leaders in academia and the corporate sector. We are also guided by our informal Steinbeck Committee, a high-level task force with representatives from a diverse array of our area's business, nonprofit and govermental organizations.

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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 $200,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $200,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,000

Program Expenses $95,000

Other Expenses $104,799

TOTAL EXPENSES $104,799

Year-over-Year Comparison

	2018	2017	Change
Revenue	$200,000	N/A	N/A
Expenses	$104,799	N/A	N/A
Net Income	$95,201	N/A	N/A

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

N/A

Employees

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dennis Donohue	Director	10.00	Director	$0	$0	$0
Chris Steinbruner	Director	5.00	Director	$0	$0	$0
Luis Alvarez	Director	5.00	Director	$0	$0	$0
Margaret D'Arrigo	Director	5.00	Director	$0	$0	$0
Dr Willard Lewallen	Director	5.00	Director	$0	$0	$0
John Hartnett	Director	5.00	Director	$0	$0	$0
Richard A Moran	Director	5.00	Director	$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
2018	$200,000	$104,799	$121,558	$95,201