DRIVE TO THRIVE CORPORATION

EIN: 844030982 501(c)(3) Education

Olney, MD

Total Revenue
$169,652
Total Expenses
$15,863
Total Assets
$334,407
Net Assets
$334,407
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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
2020
Legal Domicile
MD
Principal Officer
Baqar A Naqvi
Phone
2407861947
Tax Period
2024-01-01 to 2024-12-31

DRIVE TO THRIVE CORPORATION, founded in 2020, is a small nonprofit in the Education sector that reported $170K in total revenue in fiscal year 2024. Revenue surged 249% from the prior year, signaling strong growth momentum. The organization ran a surplus of $154K, a strong 91% operating margin.

Mission

Drive To Thrive (D2T) aims to uplift underprivileged communities through several key objectives: improving living standards by providing basic needs like food and shelter; advancing education by supporting access to quality schooling for disadvantaged children; enhancing healthcare by offering medical services to low-income families; and fostering character building to empower individuals for lasting change. D2T operates on core values of innovation, leadership by example, respect, teamwork, and integrity. The organization's mission is to empower communities to thrive independently and reach their fullest potential.

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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 $150,610
Program Service Revenue $0
Investment Income $19,042
Other Revenue $0
TOTAL REVENUE $169,652

Expense Breakdown

Grants Paid $15,425
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $15,425
Other Expenses $438
TOTAL EXPENSES $15,863

Year-over-Year Comparison

2024 2023 Change
Revenue $169,652 $48,550 +2.5%
Expenses $15,863 $14,209 +0.1%
Net Income $153,789 $34,341 +3.5%
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
5
Independent Members
5
Employees
N/A
Volunteers
5

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
$0
Total Directors
0
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Shabbir Hussain Treasure 10
$0 $0 $0
Tariq Khan Secretary 10
Officer
$0 $0 $0
Dr Tehseen Naqvi Board Member 5.00
Officer
$0 $0 $0
Dr Qasim Kazmi Board Member 5
Officer
$0 $0 $0
Baqar A Naqvi President 25
Key Emp
$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 $169,652 $15,863 $334,407 $153,789
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