THRIVE BEHAVIORAL HEALTH INC

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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

1975

Legal Domicile

Principal Officer

DANIEL KUBAS-MEYER

Phone

4016916000

Tax Period

2022-07-01 to 2023-06-30

THRIVE BEHAVIORAL HEALTH INC, founded in 1975, is a mid-sized nonprofit in the Mental Health sector that reported $26.3M in total revenue in fiscal year 2022. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $25.1M left a modest 5% surplus.

Mission

THRIVE BEHAVIORAL HEALTH IS INSPIRING HOPE AND EMPOWERING THE LIVES OF INDIVIDUALS AND FAMILIES FACING BEHAVIORAL HEALTH CHALLENGES THROUGH AN EXTENSIVE RANGE OF MENTAL HEALTH SERVICES, SUBSTANCE USE TREATMENT, EDUCATIONAL PROGRAMS, AND HOUSING SERVICES THAT ARE RECOVERY-ORIENTED, TRAUMA-INFORMED, AND FAMILY-FOCUSED. OUR EXPERIENCED AND DEDICATED PROFESSIONALS ARE COMMITTED TO IMPROVING CLIENTS' QUALITY OF LIFE AND ASSISTING IN THEIR RECOVERY.

Program Service Accomplishments

Program 1

Expenses: $11,093,017 Revenue: $9,075,613

COMMUNITY SUPPORT PROGRAMS - THRIVE BEHAVIORAL HEALTH'S COMMUNITY SUPPORT PROGRAMS PROVIDE A COORDINATED SYSTEM OF CARE FOR ADULTS WITH SERIOUS AND PERSISTENT MENTAL ILLNESS, ENABLING INDIVIDUALS TO MAINTAIN PSYCHIATRIC STABILITY, A QUALITY LIFE IN THE COMMUNITY, AND ULTIMATELY TO ACHIEVE THEIR OWN PERSONAL RECOVERY. SERVICES INCLUDE PSYCHIATRIC, MENTAL HEALTH AND SUBSTANCE USE COUNSELING, AND CASE MANAGEMENT DESIGNED TO MEET THE NEEDS OF EACH INDIVIDUAL CLIENT; ON-GOING ASSESSMENT SERVICES, ADVOCACY AND DAILY LIVING AND VOCATIONAL SKILLS TRAINING; CRISIS ASSESSMENT AND INTERVENTION SERVICES; GROUP HOMES AND SUPERVISED APARTMENTS; A PSYCHIATRIC REHAB PROGRAM BASED ON A CLUBHOUSE MODEL CERTIFIED BY THE INTERNATIONAL COMMITTEE ON CLUBHOUSE DEVELOPMENT (ICCD) THAT PROVIDES VOCATIONAL AND SOCIAL SUPPORTS; AND A COURT CLINIC WHERE COURT-BASED CLINICIANS EVALUATE THE BEHAVIORAL HEALTH STATUS OF INDIVIDUALS THAT PRESENT BEFORE THE COURT, WITH A PRIORITY GIVEN TO VETERANS, AND RECOMMEND APPROPRIATE TREATMENT RATHER THAN INCARCERATION.

Program 2

Expenses: $4,762,962 Revenue: $1,744,037

HOUSING SERVICES - AS A FEDERAL "HOUSING AUTHORITY", THRIVE BEHAVIORAL HEALTH ADMINISTERS A MAINSTREAM HOUSING CHOICE VOUCHER PROGRAM FORPEOPLE WITH DISABILITIES AND IS ALSO A CERTIFIED SPONSORING...

HOUSING SERVICES - AS A FEDERAL "HOUSING AUTHORITY", THRIVE BEHAVIORAL HEALTH ADMINISTERS A MAINSTREAM HOUSING CHOICE VOUCHER PROGRAM FORPEOPLE WITH DISABILITIES AND IS ALSO A CERTIFIED SPONSORING AGENCY FORRHODE ISLAND HOUSING'S ROADHOME RENTAL ASSISTANCE PROGRAM.THROUGH THE CONTINUUM OF CARE GRANTS AND THE COOPERATIVE AGREEMENT TOBENEFIT HOMELESS INDIVIDUALS, THE ORGANIZATION PROVIDES OUTREACH,PLACEMENT AND SUPPORTIVE SERVICES FOR HOMELESS PERSONS.ADDITIONALLY, THRIVE BEHAVIORAL HEALTH AND ITS SUBSIDIARY COMPANIESDEVELOP, OWN AND MANAGE APARTMENTS AND HOUSES THAT ARE AVAILABLE FORRENT BY THRIVE BEHAVIORAL HEALTH CLIENTS, AS WELL AS THE GENERAL PUBLIC.

Program 3

Expenses: $2,890,637 Revenue: $2,167,737

YOUTH AND FAMILY SERVICES - A FULL RANGE OF SPECIALIZED SERVICES ARE PROVIDED UNDER A "FAMILY-CENTERED" TREATMENT APPROACH TO CHILDREN AND YOUTH WHO FACE EMOTIONAL OR BEHAVIORAL HEALTH CHALLENGES, OR WHO HAVE EXPERIENCED TRAUMA. THIS TREATMENT PHILOSOPHY VIEWS THE ENTIRE FAMILY AS THE CLIENT AND THE TREATMENT MAY BE PROVIDED IN THE HOME OR COMMUNITY, AS WELL AS, IN THE TRADITIONAL OFFICE SETTING. SERVICES INCLUDE INDIVIDUAL, GROUP AND FAMILY COUNSELING, CASE MANAGEMENT, PSYCHIATRY, PLAY THERAPY, ADD/ADHD DIAGNOSIS AND EVALUATION, AND SPECIALIZED TREATMENT PROGRAMS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $10,778,876

Program Service Revenue $15,438,498

Investment Income $4,141

Other Revenue $108,202

TOTAL REVENUE $26,329,717

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,527,893

Fundraising Expenses $83,502

Program Expenses $21,680,569

Other Expenses $6,592,740

TOTAL EXPENSES $25,120,633

Year-over-Year Comparison

	2022	2021	Change
Revenue	$26,329,717	$23,053,495	+0.1%
Expenses	$25,120,633	$22,017,956	+0.1%
Net Income	$1,209,084	$1,035,539	+0.2%

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

405

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

$478,518

Total Directors

Key Employees

$250,406

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FREDERICK REINHARDT	CHAIR	1.00	Officer Director	$0	$0	$0
JENNIFER WHEELEHON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARK DELANEY	TREASURER	1.00	Officer Director	$0	$0	$0
CHRISTINE KING	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL RASPALLO	DIRECTOR	1.00	Director	$0	$0	$0
DYLAN CONLEY	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN GUMBLEY	DIRECTOR	1.00	Director	$0	$0	$0
JEAN HODGE GAVIGAN	DIRECTOR (UNTIL 10/2022)	1.00	Director	$0	$0	$0
PAUL O'REILLY	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN SOUZA	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER STOUDT	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT WADDDICOR	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT WALKER	DIRECTOR	1.00	Director	$0	$0	$0
RONALD WHITCOMB	DIRECTOR	1.00	Director	$0	$0	$0
JAMES ALEXANDER	DIRECTOR	1.00	Director	$0	$0	$0
PAUL COUNCIL	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MCCAFFREY	DIRECTOR (AS OF 10/2022)	1.00	Director	$0	$0	$0
DANIEL KUBAS-MEYER	PRESIDENT/CEO	35.00	Officer	$167,401	$16,653	$184,054
KEVIN COTE	CFO	35.00	Officer	$142,158	$11,774	$153,932
ELISABETH KORNBLEE	CHIEF CLINICAL OFFICER	36.00	Officer	$133,220	$7,312	$140,532
DAISY BASSEN	MEDICAL DIRECTOR	40.00	Key Emp	$233,848	$16,558	$250,406
LILIYA KOYFMAN	CHIEF OF ADULT PSYCHIATRY	28.00	Highest	$287,417	$14,192	$301,609
CATHY KENNEDY	PSYCHIATRIC CLINICAL NURSE SPECIALIST	38.00	Highest	$145,661	$7,696	$153,357
NEBYOU BELAY	PSYCHIATRIST	40.00	Highest	$230,405	$15,436	$245,841
ELISABETH TAYLOR	PSYCHIATRIST	40.00	Highest	$118,895	$1,766	$120,661
GREGG ETTER	PSYCHIATRIST	13.00	Highest	$110,878	$7,345	$118,223

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	No data	No data	No data	No data
2023	$26,329,717	$25,120,633	$14,003,152	$1,209,084
2022	$23,053,495	$22,017,956	$12,993,911	$1,035,539
2021	$23,040,552	$21,224,549	$11,982,314	$1,816,003
2020	$20,542,286	$20,328,423	$12,081,301	$213,863
2019	$21,229,115	$21,197,018	$9,924,706	$32,097