THRIVING FAMILIES

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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

GALENA RHOADES

Phone

3039470974

Tax Period

2022-10-01 to 2023-09-30

THRIVING FAMILIES, founded in 2019, is a community nonprofit in the Human Services sector that reported $1.7M in total revenue in fiscal year 2022. Revenue surged 66% from the prior year, signaling strong growth momentum. The organization ran a surplus of $315K, a strong 19% operating margin.

Mission

THRIVING FAMILIES PROVIDES SUPPORT TO WOMEN, CHILDREN, AND THEIR FAMILIES DURING PREGNANCY AND JUST AFTER A BABY IS BORN - A CRITICAL PERIOD OF DEVELOPMENT FOR CHILDREN'S FUTURES.

Program Service Accomplishments

Program 1

Expenses: $1,198,960 Revenue: $295,327

THRIVING FAMILIES OFFERS PROGRAMS DURING PREGNANCY AND AFTER A NEW BABY IS BORN TO SUPPORT MOTHERS IN MAKING BRINGING UP THEIR BABIES AND OLDER CHILDREN A SUCCESS. IN 2023, THRIVING FAMILIES HAD 567 PARTICIPANTS ENROLLED. WORKSHOPS SUPPORT THEM IN GAINING NEW KNOWLEDGE ABOUT PARENTING AND INFANT AND CHILD DEVELOPMENT, IDENTIFYING WHAT STRONG FAMILIES LOOK LIKE TO THEM, AND DEVELOPING COMMUNICATION SKILLS THAT THEY CAN USE IN ALL RELATIONSHIPS. IN 2023, THRIVING FAMILIES HAD 21 COHORTS IN PERSON AND 28 COHORTS VIRTUALLY. ONE-ON-ONE COACHING AND OPTIONAL COUNSELING PROVIDE ADDITIONAL SUPPORT AND RESOURCES FOR PERINATAL MENTAL HEALTH, INFANTS AND OLDER CHILDREN'S HEALTH AND WELLBEING, AND COMMUNITY REFERRALS. IN 2023, THRIVING FAMILIES PROVIDED 572 INTAKE APPOINTMENTS, 644 FAMILY SUPPORT MEETINGS, AND 1,720 WISE WELLNESS THERAPY APPOINTMENTS. THRIVING FAMILIES IS COMMITTED TO BUILDING AN INCLUSIVE, SUPPORTIVE, TWO-GENERATION COMMUNITY WHERE CHILDREN, PARENTS AND FAMILIES FLOURISH.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,395,634

Program Service Revenue $295,327

Investment Income $4,561

Other Revenue $0

TOTAL REVENUE $1,695,522

Expense Breakdown

Grants Paid $106,696

Salaries & Benefits $821,234

Fundraising Expenses $53,741

Program Expenses $1,198,960

Other Expenses $452,331

TOTAL EXPENSES $1,380,261

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,695,522	$1,022,699	+0.7%
Expenses	$1,380,261	$937,154	+0.5%
Net Income	$315,261	$85,545	+2.7%

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

Volunteers

213

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

$30,515

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINA WALKER	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
GRETCHEN HAMMER	SECRETARY	1.00	Officer Director	$0	$0	$0
KATE GODOWSKI	TREASURER	1.00	Officer Director	$0	$0	$0
ANNE BIERMANN	DIRECTOR	0.50	Director	$0	$0	$0
EMILY BROWN	DIRECTOR	0.50	Director	$0	$0	$0
LORIEN BUTLER	DIRECTOR	0.50	Director	$0	$0	$0
JOHN DEE	DIRECTOR	0.50	Director	$0	$0	$0
JOSEPH RAMHARACK	DIRECTOR	0.50	Director	$0	$0	$0
JESS SMITH	DIRECTOR	0.50	Director	$0	$0	$0
JOANNA VOSBURG	DIRECTOR	0.50	Director	$0	$0	$0
ERIN DAVIS	DIRECTOR	0.50	Director	$0	$0	$0
LIZ YOUNG	DIRECTOR	0.50	Director	$0	$0	$0
GALENA RHOADES	EXECUTIVE DIRECTOR	20.00	Officer	$30,515	$0	$30,515

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	No data	No data	No data	No data
2023	$1,695,522	$1,380,261	$1,021,956	$315,261
2022	$1,022,699	$937,154	$644,392	$85,545
2021	$767,592	$372,371	$567,283	$395,221
2020	$211,434	$99,347	$140,757	$112,087