THRIVE SCHOOL NETWORK

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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

2016

Legal Domicile

Principal Officer

MIKE FEINBERG

Phone

7132020549

Tax Period

2018-07-01 to 2019-06-30

THRIVE SCHOOL NETWORK, founded in 2016, is a small nonprofit in the Education sector that reported $190K in total revenue in fiscal year 2018. Expenses of $164K left a modest 14% surplus.

Mission

TO RECRUIT, SELECT AND TRAIN EDUCATORS TO BECOME SCHOOL LEADERS IN THEIR COMMUNITIES, THUS PREPARING THE NEXT GENERATION OF LEADERS TO HELP EVEN MORE CHILDREN ACHIEVE THEIR DREAMS.

Program Service Accomplishments

Program 1

Expenses: $154,500 Revenue: $0

THE SHAWN M. HURWITZ ACADEMY:THRIVE'S FIRST CAMPUS, PROVIDING A SAFE, NURTURING ENVIRONMENT FOR STUDENTS WHO HAVE NOT BEEN SUCCESSFUL IN CONVENTIONAL SCHOOLS.

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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 (2018)

Revenue Breakdown

Contributions & Grants $184,024

Program Service Revenue $0

Investment Income $6,138

Other Revenue $0

TOTAL REVENUE $190,162

Expense Breakdown

Grants Paid $152,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $154,500

Other Expenses $12,454

TOTAL EXPENSES $164,454

Year-over-Year Comparison

	2018	2017	Change
Revenue	$190,162	$179,555	+0.1%
Expenses	$164,454	$12,767	+11.9%
Net Income	$25,708	$166,788	-0.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE FEINBERG	CHAIRMAN	5.00	Officer Director	$0	$0	$0
DEBBIE HURWITZ	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
DAVID DUCOTE	DIRECTOR	1.00	Director	$0	$0	$0
DAN GILBANE	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA HURWITZ	DIRECTOR	1.00	Director	$0	$0	$0
PETER SHAPER	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
2019	$190,162	$164,454	$503,133	$25,708
2018	$179,555	$12,767	$527,819	$166,788