THRIVE MINISTRY INC

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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

Principal Officer

JULIET SHARROW

Phone

7176402951

Tax Period

2024-01-01 to 2024-12-31

THRIVE MINISTRY INC, founded in 2019, is a small nonprofit in the Human Services sector that reported $137K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $156K exceeded revenue, resulting in a 15% operating deficit.

Mission

THRIVE EMPOWERS VICTIMS OF DOMESTIC VIOLENCE TO FIND HEALING, STRENGTH AND FREEDOM ON THEIR JOURNEY FROM VICTIM TO VICTOR. BY SHARING LIFE WITH THEM AND LOVING THEM, WE ENABLE SURVIVORS TO FIND THEIR TRUE IDENTITY AND OVERCOME THE LIES OF THE ABUSER. THUS HELPING THEM REALIZE THAT THEY CAN DO MORE THAN JUST SURVIVE; THEY CAN THRIVE

Program Service Accomplishments

Program 1

Expenses: $79,140

THRIVE MINISTRY, INC EMPOWERS VICTIMS OF DOMESTIC VIOLENCE, PROVIDES CLIENTS WITH FINANCIAL ASSISTANCE, HELP IN OBTAINING GED, ASSISTS WITH MOVING AND PROVIDES REFERRALS TO OTHER ASSISTANCE AGENCIES...

Program 2

Expenses: $55,735 Revenue: $2,660

THRIVE MINISTRY, INC ADDED HOUSING ASSISTANCE IN 2021. THE ORGANIZATION ASSISTS IN MOVING VICTIMS OF ABUSE INTO TRANSITIONAL HOUSING. THROUGH WORK STUDY PROGRAMS, GED PROGRAMS AND SUPPORT, EMPLOYMENT OPPORTUNITIES ARE SOUGHT OUT WITH THE GOAL OF THE CLIENTS MOVING ON TO THEIR OWN APARTMENTS.

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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 $97,320

Program Service Revenue $2,660

Investment Income $7,501

Other Revenue $29,029

TOTAL REVENUE $136,510

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,095

Fundraising Expenses $5,109

Program Expenses $134,875

Other Expenses $100,882

TOTAL EXPENSES $156,446

Year-over-Year Comparison

	2024	2023	Change
Revenue	$136,510	$123,010	+0.1%
Expenses	$156,446	$122,981	+0.3%
Net Income	$-19,936	$29	-688.4%

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

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

$51,095

Total Directors