Thrive Ministries Inc (EIN 824938678) - 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

2018

Legal Domicile

Principal Officer

Romone Gibbs

Phone

8598130774

Tax Period

2024-01-01 to 2024-12-31

Thrive Ministries Inc, founded in 2018, is a small nonprofit in the Religion sector that reported $521K in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $110K, a strong 21% operating margin.

Mission

Develop, support and facilitate programs that foster health and well-being including spiritual health and religious instruction.

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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 $379,000

Program Service Revenue $139,786

Investment Income $2,579

Other Revenue $0

TOTAL REVENUE $521,365

Expense Breakdown

Grants Paid $9,473

Salaries & Benefits $91,939

Fundraising Expenses $12,063

Program Expenses $267,131

Other Expenses $310,126

TOTAL EXPENSES $411,538

Year-over-Year Comparison

	2024	2023	Change
Revenue	$521,365	$322,419	+0.6%
Expenses	$411,538	$309,805	+0.3%
Net Income	$109,827	$12,614	+7.7%

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

$15,748

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Romone Gibbs	Vice President	20.00	Officer	$15,748	$0	$15,748
Lance Wilbur	Trustee	0.00	Director	$0	$0	$0
Jim Brackett	Trustee	0.00	Director	$0	$0	$0
Dean Dennis	Trustee	0.00	Director	$0	$0	$0
Dave Fielder	Director	0.00	Director	$0	$0	$0
Bill Sweatt	Director	0.00	Director	$0	$0	$0
Wilbur Atwood	Director	0.00	Director	$0	$0	$0
Rochelle Mekowulu	Director	0.00	Director	$0	$0	$0
Narlon Edwards	President	40.00	Officer	$0	$0	$0
Danella Taylor	Secretary	0.00	Officer	$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	$521,365	$411,538	$264,096	$109,827
2023	No data	No data	$129,161	No data
2023	$322,419	$309,805	$154,127	$12,614
2022	$333,111	$256,735	$139,637	$76,376
2021	$296,805	$261,050	$74,709	$35,755

Thrive Ministries Inc