THRIVE CHICAGO NFP (EIN 472478889) - 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

DAVID HILLER

Phone

3124455193

Tax Period

2023-01-01 to 2023-12-31

THRIVE CHICAGO NFP, founded in 2014, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $2.0M exceeded revenue, resulting in a 55% operating deficit.

Mission

THRIVE CHICAGO'S MISSION IS TO PREPARE CHICAGO'S YOUTH FOR A VIBRANT FUTURE BY ALIGNING EFFORTS AND OUTCOMES FROM CRADLE TO CAREER.

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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 $1,335,606

Program Service Revenue $0

Investment Income $-56,175

Other Revenue $0

TOTAL REVENUE $1,279,431

Expense Breakdown

Grants Paid $0

Salaries & Benefits $952,715

Fundraising Expenses $0

Program Expenses $1,786,268

Other Expenses $1,025,169

TOTAL EXPENSES $1,977,884

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,279,431	$2,146,619	-0.4%
Expenses	$1,977,884	$3,535,415	-0.4%
Net Income	$-698,453	$-1,388,796	-0.5%

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

$246,821

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETH SWANSON	MEMBER	1.00	Officer Director	$0	$0	$0
DAVID HILLER	TREASURER	1.00	Officer Director	$0	$0	$0
KARIN NORRINGTON-REEVES	MEMBER	1.00	Director	$0	$0	$0
ARNE DUNCAN	MEMBER	1.00	Director	$0	$0	$0
JUSTIN MANLEY	MEMBER	1.00	Director	$0	$0	$0
JUAN SALGADO	MEMBER	1.00	Director	$0	$0	$0
HEATHER ANICHINI	MEMBER	1.00	Director	$0	$0	$0
CHRISTIAN FRIEND	PRESIDENT	40.00	Officer	$155,056	$0	$155,056
KATHERINE KAVOURASE	VICE PRESIDENT OF STRATEGY	40.00	Officer	$3,507	$0	$3,507
MELISSA MOORE	VICE PRESIDENT OF FINANCE	40.00	Officer	$88,258	$0	$88,258
TIM SCHWERTFEGER	BOARD CHAIR	1.00	Officer	$0	$0	$0
MIKE STRAUTMANIS	MEMBER	1.00	Officer	$0	$0	$0
BRIAN FABES	MEMBER	1.00	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
2024	No data	No data	No data	No data
2023	$1,279,431	$1,977,884	$144,596	$-698,453
2022	$2,146,619	$3,535,415	$943,781	$-1,388,796
2021	$4,645,031	$5,339,536	$2,344,928	$-694,505
2020	$5,793,977	$5,086,137	$3,319,263	$707,840
2019	$3,967,298	$4,174,537	$2,395,799	$-207,239
2018	$2,434,066	$2,822,086	$1,253,393	$-388,020

THRIVE CHICAGO NFP