THRIVE ACADEMY (EIN 824993816) - 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

JACK MCBRIDE

Phone

7132633800

Tax Period

2020-07-01 to 2021-06-30

THRIVE ACADEMY, founded in 2018, is a small nonprofit in the Education sector that reported $795K in total revenue in fiscal year 2020. The organization ran a surplus of $123K, a strong 15% operating margin.

Mission

Thrive Academy's mission is to provide a supportive and fun school experience where kids love to learn, teachers are passinate about student success, and parents are confident that their children will excel.

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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 (2020)

Revenue Breakdown

Contributions & Grants $104,371

Program Service Revenue $691,033

Investment Income $0

Other Revenue $0

TOTAL REVENUE $795,404

Expense Breakdown

Grants Paid $0

Salaries & Benefits $523,576

Fundraising Expenses $0

Program Expenses $603,407

Other Expenses $148,831

TOTAL EXPENSES $672,407

Year-over-Year Comparison

	2020	2019	Change
Revenue	$795,404	$806,623	0.0%
Expenses	$672,407	$674,967	0.0%
Net Income	$122,997	$131,656	-0.1%

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

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

$152,056

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY CONNELL	PRESIDENT	10.00	Officer Director	$0	$0	$0
JACK MCBRIDE	TREASURER	10.00	Officer Director	$0	$0	$0
SEAN MAHER	1ST VP	5.00	Officer Director	$0	$0	$0
ABBY SIMMONS WALKER	BOARD MEMBER	2.00	Director	$0	$0	$0
DOUG KONOPKA	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRISTOPHER ZADDACH	DIRECTOR OF SOCIAL & EMOTIONAL DEVELOPMENT	40.00	Key Emp Highest	$56,003	$0	$56,003
MARK KELLY	FORMER HEAD OF SCHOOL	40.00	Key Emp	$25,000	$0	$25,000
JENNIE MITCHELL	LEAD TEACHER	40.00	Key Emp	$50,220	$0	$50,220
NICOLA ESCH	HEAD OF SCHOOL	40.00	Key Emp	$20,833	$0	$20,833

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
2021	$795,404	$672,407	$460,144	$122,997
2020	$806,623	$674,967	$459,077	$131,656
2019	$638,241	$432,750	$219,876	$205,491

THRIVE ACADEMY