THRIVE PUBLIC SCHOOL

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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

2013

Legal Domicile

Principal Officer

NICOLE ASSISI

Tax Period

2023-07-01 to 2024-06-30

THRIVE PUBLIC SCHOOL, founded in 2013, is a small nonprofit in the Education sector that reported $952K in total revenue in fiscal year 2023. Revenue surged 75% from the prior year, signaling strong growth momentum. Expenses of $888K left a modest 7% surplus.

Mission

OUR MISSION IS TO INNOVATE, ADAPT AND EXPAND THE CONCEPT OF A 21ST CENTURY SCHOOL BY LEVERAGING TECHNOLOGY AND COLLABORATION TO PROVIDE A HIGHLY INDIVIDUALIZED EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $867,329 Revenue: $952,282

THRIVE IS AN EDUCATIONAL NONPROFIT THAT OPERATED SCHOOLS IN THE PAST, AND IS NOW SUPPORTING PARENTS AND SCHOOL SYSTEMS IN BETTER SERVING STUDENTS BY PROVIDING CONSULTING SERVICES TO SCHOOLS.

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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 $64,738

Program Service Revenue $881,387

Investment Income $6,157

Other Revenue $0

TOTAL REVENUE $952,282

Expense Breakdown

Grants Paid $0

Salaries & Benefits $606,065

Fundraising Expenses $0

Program Expenses $867,329

Other Expenses $281,508

TOTAL EXPENSES $887,573

Year-over-Year Comparison

	2023	2022	Change
Revenue	$952,282	$543,004	+0.8%
Expenses	$887,573	$553,719	+0.6%
Net Income	$64,709	$-10,715	-7.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KERRY FLANAGAN	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS DAVIS	DIRECTOR	2.00	Director	$0	$0	$0
BEN BOYCE	DIRECTOR	2.00	Director	$0	$0	$0
JACQUIE FURTADO	DIRECTOR	2.00	Director	$0	$0	$0
SHELLI K KURTH	DIRECTOR	40.00	Director Key Emp Highest	$0	$0	$0
NICOLE ASSISI	CEO	40.00	Officer Key Emp Highest	$0	$0	$0
DONNA ELDER	PRESIDENT	2.00	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
2025	No data	No data	No data	No data
2024	$952,282	$887,573	$768,317	$64,709
2023	$543,004	$553,719	$702,695	$-10,715
2022	$86,133	$314,318	$541,615	$-228,185
2021	$606,950	$337,982	$770,081	$268,968
2020	$1,527,132	$973,503	$763,923	$553,629
2019	$11,235,510	$10,939,632	$1,923,161	$295,878
2018	$7,619,928	$7,477,744	$14,894,267	$142,184