LETS THRIVE BALTIMORE

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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

LISA MOLLOCK

Phone

4436257720

Tax Period

2024-01-01 to 2024-12-31

LETS THRIVE BALTIMORE, founded in 2016, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 159% from the prior year, signaling strong growth momentum. The organization ran a surplus of $424K, a strong 35% operating margin.

Mission

TO PROVIDE OVERALL COMMUNITY SUPPORT STRATEGIES FOR IMPROVEMENT OF FAMILY UNITS AND AWARENESS OF LOW INCOME FAMILIES IMPACTED BY VIOLENCE

Program Service Accomplishments

Program 1

Expenses: $586,455

Lets Thrive Baltimore runs projects including mentoring, job programs and support groups for our youth; financial literacy, career consult- ing and therapeutic programs for families; housing, rental, and cash assistance for survivors of violence; and cleaning and greening projects in the city. We provided over 1000 meals to families and individuals and help families sign up for federal nutritional programs and prevent food waste by gathering food from partners who give out free food and deliver it to families in need. We also run programs focusing on police reform and stopping human trafficking as well as taking youth on hiking trips, provide free transportation to mentaL health services and host free grief support groups. We partner with 25

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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 $1,194,829

Program Service Revenue $10,725

Investment Income $4

Other Revenue $1,831

TOTAL REVENUE $1,207,389

Expense Breakdown

Grants Paid $0

Salaries & Benefits $177,269

Fundraising Expenses $39,918

Program Expenses $586,455

Other Expenses $606,420

TOTAL EXPENSES $783,689

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,207,389	$466,077	+1.6%
Expenses	$783,689	$374,483	+1.1%
Net Income	$423,700	$91,594	+3.6%

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

Total Directors

$109,787

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA MOLOCK	Executive Director	40.00	Director	$109,787	$0	$109,787
JAQUAN DOUGLAS	CHAIR	2.00	Officer Director	$0	$0	$0
ZION SAMUELS	Treasurer	2.00	Officer Director	$0	$0	$0
DEVIN JONES	SECRETARY	2.00	Officer Director	$0	$0	$0
GERARD PETTIFORD	Director	2.00	Director	$0	$0	$0
JANELL MARTIN	Vice President	2.00	Officer 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	$1,207,389	$783,689	$740,988	$423,700
2023	$466,077	$374,483	$325,764	$91,594
2022	$399,803	$299,179	$244,822	$100,624
2021	$169,275	$204,547	$152,448	$-35,272
2020	$144,217	$121,033	$107,354	$23,184
2019	$71,994	$55,720	$17,524	$16,274