THRIVE IN JOY NICK FAGNANO FOUNDATION (EIN 472931858) - 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

Legal Domicile

Phone

2132204686

Tax Period

2024-01-01 to 2024-12-31

THRIVE IN JOY NICK FAGNANO FOUNDATION is a small nonprofit in the Education sector that reported $389K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $365K left a modest 6% surplus.

Mission

AT THRIVE IN JOY, WE ENCOURAGE YOUNG PEOPLE TO DISCOVER THEIR CHARACTER STRENGTHS AND THE JOY OF SERVICE INSPIRED BY THE LEGACY OF NICK FAGNANO. OUR MISSION HONORS NICK, WHO LOST HIS LIFE IN 2014 WHEN A RARE AND UNEXPECTED LIGHTNING STRIKE OCCURRED ON VENICE BEACH, CA.

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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 $385,990

Program Service Revenue $0

Investment Income $2,532

Other Revenue $0

TOTAL REVENUE $388,522

Expense Breakdown

Grants Paid $0

Salaries & Benefits $115,473

Fundraising Expenses $124,226

Program Expenses $215,669

Other Expenses $249,079

TOTAL EXPENSES $364,552

Year-over-Year Comparison

	2024	2023	Change
Revenue	$388,522	$300,785	+0.3%
Expenses	$364,552	$326,111	+0.1%
Net Income	$23,970	$-25,326	-1.9%

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

$54,000

Total Directors

$78,630

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY FAGNANO	Executive Dir.	15.00	Officer Director	$54,000	$0	$54,000
ELIZABETH ROJAS	Director	1.00	Director	$24,630	$0	$24,630
JAY FAGNANO	Treasurer	2.00	Officer Director	$0	$0	$0
JOE LABRIE	Director	1.00	Director	$0	$0	$0
KIM KERSCHER	Director	0.50	Director	$0	$0	$0
KRIS WILLIAMS	Secretary	1.25	Officer Director	$0	$0	$0
MARY HAWLEY	Director	0.25	Director	$0	$0	$0
JOSUE NAJERA	Director	2.25	Director	$0	$0	$0
SARAH BATIZY	Director	3.00	Director	$0	$0	$0
AMY GODINEZ	Director	1.00	Director	$0	$0	$0
SCOTT HAGIZADEGAN	Director	0.50	Director	$0	$0	$0
JOYE SWAN	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
2024	$388,522	$364,552	$202,067	$23,970
2024	$388,522	$364,552	$202,067	$23,970
2023	$300,785	$326,111	$125,937	$-25,326
2022	$232,319	$316,744	$134,928	$-84,425
2021	$311,755	$186,888	$218,729	$124,867

THRIVE IN JOY NICK FAGNANO FOUNDATION