THRIVE REGIONAL PARTNERSHIP INC (EIN 814427391) - 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

2016

Legal Domicile

Principal Officer

BRIDGETT MASSENGILL

Phone

4236482948

Tax Period

2023-01-01 to 2023-12-31

THRIVE REGIONAL PARTNERSHIP INC, founded in 2016, is a small nonprofit in the Public & Societal Benefit sector that reported $843K in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $719K left a modest 15% surplus.

Mission

TO DEVELOP, IMPLEMENT AND SUSTAIN A VISION FOR RESPONSIBLE AND INSPIRED GROWTH FOR THE NEXT FOUR DECADES. THROUGH COLLABORATION, COMMUNICATION, ANALYTICS AND INNOVATION, THE THRIVE REGIONAL PARTNERSHIP WILL OPTIMIZE COMMUNITY ENHANCEMENT OPPORTUNITIES WHILE PROTECTING THE NATURAL TREASURES AND LANDSCAPES THAT DEFINE THIS SPECIAL PLACE. TO ACCOMPLISH THESE GOALS, THE THRIVE REGIONAL PARTNERSHIP WILL BUILD AND MAINTAIN A TEAM OF VOLUNTEERS AND STAFF DEDICATED TO FACTUAL INVESTIGATION, PRINCIPLES-BASED ANALYSIS, AND DISSEMINATION OF INFORMATION TO THE PUBLIC AND THE POLITICAL, BUSINESS, CULTURAL AND OTHER LEADERSHIP OF THE TRISTATE REGION SERVED BY THE PARTNERSHIP.

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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 $754,833

Program Service Revenue $75,475

Investment Income $8,686

Other Revenue $3,885

TOTAL REVENUE $842,879

Expense Breakdown

Grants Paid $0

Salaries & Benefits $427,665

Fundraising Expenses $25,403

Program Expenses $409,769

Other Expenses $291,111

TOTAL EXPENSES $718,776

Year-over-Year Comparison

	2023	2022	Change
Revenue	$842,879	$594,786	+0.4%
Expenses	$718,776	$661,672	+0.1%
Net Income	$124,103	$-66,886	-2.9%

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

286

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

$150,534

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CONNIE G VAUGHAN	CHAIR	1.00	Officer Director	$0	$0	$0
CHARLES N DOBBINS JR	VICE-CHAIR & TREASURER	1.00	Officer Director	$0	$0	$0
DR MINA SARTIPI	TRUSTEE	1.00	Director	$0	$0	$0
MIKE GRIFFIN	SECRETARY	1.00	Officer Director	$0	$0	$0
GREG VITAL	TRUSTEE	1.00	Director	$0	$0	$0
JOEL HOUSER	TRUSTEE	1.00	Officer Director	$0	$0	$0
BETH JONES	TRUSTEE	1.00	Director	$0	$0	$0
DENNY MOBBS	TRUSTEE	1.00	Director	$0	$0	$0
RICK RODEN	TRUSTEE	1.00	Officer Director	$0	$0	$0
HONNA ROGERS	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES WOOD	TRUSTEE	1.00	Director	$0	$0	$0
EDNA VARNER	TRUSTEE	1.00	Director	$0	$0	$0
BRYAN GRIFFIN	TRUSTEE	1.00	Director	$0	$0	$0
HARRIETTE STOKES	TRUSTEE	1.00	Director	$0	$0	$0
MIKE COSTA	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER MCCURDY	TRUSTEE	1.00	Director	$0	$0	$0
BARRY ALLEN	TRUSTEE	1.00	Director	$0	$0	$0
NATHAN LEE	TRUSTEE	1.00	Director	$0	$0	$0
COURTNEY KEEHAN	TRUSTEE	1.00	Director	$0	$0	$0
DARREN BAKKESTUEN	TRUSTEE	1.00	Director	$0	$0	$0
AMY JACKSON	TRUSTEE	1.00	Director	$0	$0	$0
MIKE SHIREY	TRUSTEE	1.00	Director	$0	$0	$0
CAREY GARLAND	TRUSTEE	1.00	Director	$0	$0	$0
DEBRA STONE	TRUSTEE	1.00	Director	$0	$0	$0
JASON MOCK	TRUSTEE	1.00	Director	$0	$0	$0
TERRY HART	TRUSTEE	1.00	Director	$0	$0	$0
EVANN FREEMAN	TRUSTEE	1.00	Director	$0	$0	$0
BRIDGETT MASSENGILL	PRESIDENT/CEO	40.00	Officer	$135,979	$14,555	$150,534

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	$842,879	$718,776	$941,648	$124,103
2022	$594,786	$661,672	$847,768	$-66,886
2021	$827,075	$580,781	$851,540	$246,294
2020	$573,405	$490,586	$643,951	$82,819
2019	$814,701	$600,444	$518,923	$214,257
2018	$774,592	$657,830	$306,901	$116,762

THRIVE REGIONAL PARTNERSHIP INC