THRIVE MINISTRIES DBA THRIVE CHILDCARE (EIN 473929831) - 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

2015

Legal Domicile

Principal Officer

BETH GUERRETTE

Phone

4196916313

Tax Period

2023-01-01 to 2023-12-31

THRIVE MINISTRIES DBA THRIVE CHILDCARE, founded in 2015, is a community nonprofit in the Education sector that reported $3.0M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

FAITH-BASED EDUCATION AND CARE OF CHILDREN

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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 $0

Program Service Revenue $2,963,918

Investment Income $1,275

Other Revenue $-5,302

TOTAL REVENUE $2,959,891

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,075,908

Fundraising Expenses $0

Program Expenses $2,796,838

Other Expenses $938,230

TOTAL EXPENSES $3,014,138

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,959,891	$3,169,187	-0.1%
Expenses	$3,014,138	$2,617,276	+0.2%
Net Income	$-54,247	$551,911	-1.1%

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

106

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

$65,547

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF BURSON	PRESIDENT/TREASURER	0.50	Officer Director	$0	$0	$0
JON SCHWANZ	SECRETARY	0.50	Officer Director	$0	$0	$0
KENDRA KEC	TRUSTEE	0.50	Director	$0	$0	$0
KRISTEN SHINAVER	TRUSTEE	0.50	Director	$0	$0	$0
ERICA BERGER	TRUSTEE	0.50	Director	$0	$0	$0
BETH GUERRETTE	EXECUTIVE ADMINISTRATOR	40.00	Officer	$65,547	$0	$65,547

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	$2,959,891	$3,014,138	$5,620,022	$-54,247
2022	$3,169,187	$2,617,276	$5,642,115	$551,911
2021	$2,361,058	$2,133,569	$5,208,902	$227,489
2020	$2,294,775	$1,943,301	$5,083,458	$351,474
2019	$2,336,578	$2,274,616	$4,815,707	$61,962
2018	$2,244,184	$2,230,289	$4,752,940	$13,895

THRIVE MINISTRIES DBA THRIVE CHILDCARE