Thrive Foundation (EIN 464134463) - 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

2013

Legal Domicile

Principal Officer

Dave Baxter

Phone

2252397820

Tax Period

2024-07-01 to 2025-06-30

Thrive Foundation, founded in 2013, is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $453K, a strong 18% operating margin.

Mission

To provide fundraising and facilities support to Thrive.

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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 (2024)

Revenue Breakdown

Contributions & Grants $656,131

Program Service Revenue $1,830,443

Investment Income $5,915

Other Revenue $42,352

TOTAL REVENUE $2,534,841

Expense Breakdown

Grants Paid $0

Salaries & Benefits $276,294

Fundraising Expenses $0

Program Expenses $1,619,959

Other Expenses $1,805,263

TOTAL EXPENSES $2,081,557

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,534,841	$2,220,745	+0.1%
Expenses	$2,081,557	$2,042,377	+0.0%
Net Income	$453,284	$178,368	+1.5%

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

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

$115,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Morgan Hilliard	Exec Director	40.00	Officer	$115,000	$0	$115,000
Adrian Owen Jones	Director	1.00	Director	$0	$0	$0
Dave Baxter	Treasurer	1.00	Officer Director	$0	$0	$0
Joseph Hollins	Chair	1.00	Officer Director	$0	$0	$0
Darylene Harris Pugh	Director	0.00	Director	$0	$0	$0
Matthew Valliere	Vice Chair	1.00	Officer Director	$0	$0	$0
Wendy Daniels	Director	1.00	Director	$0	$0	$0
Mark Drennen	Secretary	1.00	Officer Director	$0	$0	$0
Sabrina Galloway	Director	1.00	Director	$0	$0	$0
Tedrick Knightshead	Director	1.00	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
2025	$2,534,841	$2,081,557	$13,958,002	$453,284
2024	No data	No data	No data	No data
2023	$2,288,178	$2,417,142	$14,074,406	$-128,964
2022	$2,342,211	$1,696,152	$14,613,554	$646,059
2021	$2,192,243	$2,015,030	$14,484,736	$177,213
2020	$2,154,530	$2,268,726	$14,802,486	$-114,196
2019	$1,725,963	$2,069,980	$14,966,739	$-344,017
2018	$1,851,513	$1,352,647	$10,101,464	$498,866

Thrive Foundation