THRIVE ADVENTURES

EIN: 833540217 501(c)(3) Religion

MOUNT DESERT, ME

Total Revenue
$701,311
Total Expenses
$662,934
Total Assets
$336,089
Net Assets
$326,377
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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
2019
Legal Domicile
ME
Principal Officer
DANIEL LITCHFIELD
Phone
2072666628
Tax Period
2024-01-01 to 2024-12-31

THRIVE ADVENTURES, founded in 2019, is a small nonprofit in the Religion sector that reported $701K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $663K left a modest 5% surplus.

Mission

TO CREATE LIFE-GIVING EXPERIENCES SO THAT ALL MAY KNOW CHRIST AND BE LIKE HIM.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $596,657
Program Service Revenue $93,998
Investment Income $10,656
Other Revenue $0
TOTAL REVENUE $701,311

Expense Breakdown

Grants Paid $0
Salaries & Benefits $536,225
Fundraising Expenses $0
Program Expenses $567,061
Other Expenses $126,709
TOTAL EXPENSES $662,934

Year-over-Year Comparison

2024 2023 Change
Revenue $701,311 $493,903 +0.4%
Expenses $662,934 $446,654 +0.5%
Net Income $38,377 $47,249 -0.2%
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

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Governance

Voting Members
7
Independent Members
4
Employees
14
Volunteers
3

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
3
$133,656
Total Directors
7
$133,656
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL LITCHFIELD PRESIDENT 40.00
Officer Director
$38,000 $26,000 $64,000
ABIGAIL IVERSON TREASURER 20.00
Officer Director
$46,656 $0 $46,656
HEATHER LITCHFIELD SECRETARY 20.00
Officer Director
$23,000 $0 $23,000
DAWN COONAN DIRECTOR 0.50
Director
$0 $0 $0
JOHN KIDD DIRECTOR 0.50
Director
$0 $0 $0
MARK LOVEJOY DIRECTOR 0.50
Director
$0 $0 $0
BRUCE STEVENS DIRECTOR 0.50
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 $701,311 $662,934 $336,089 $38,377
2023 $493,903 $446,654 $288,000 $47,249
2022 $342,545 $265,641 $240,751 $76,904
2021 $318,473 $179,326 $163,847 $139,147
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