Thrive Innovation Foundation

EIN: 460855701 501(c)(3) Community Improvement

Salinas, CA

Total Revenue
$200,000
Total Expenses
$104,799
Total Assets
$121,558
Net Assets
$121,558
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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
CA
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.

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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%)

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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

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Governance

Voting Members
7
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
0
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
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
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