Thrive Academy Atlanta Inc

EIN: 844724382 501(c)(3) Education

Atlanta, GA

Total Revenue
$799,210
Total Expenses
$550,222
Total Assets
$393,816
Net Assets
$393,816
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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
GA
Principal Officer
Stacy Hammond McEver
Phone
4044220692
Tax Period
2023-01-01 to 2023-12-31

Thrive Academy Atlanta Inc, founded in 2020, is a small nonprofit in the Education sector that reported $799K in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $249K, a strong 31% operating margin.

Mission

Thrive Academy is a private faith based school located in an impoverished neighborhood in Atlanta GA offering innovative instructional strategies to at risk youth.

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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 (2023)

Revenue Breakdown

Contributions & Grants $799,210
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $799,210

Expense Breakdown

Grants Paid $0
Salaries & Benefits $351,463
Fundraising Expenses $2,376
Program Expenses $495,450
Other Expenses $198,759
TOTAL EXPENSES $550,222

Year-over-Year Comparison

2023 2022 Change
Revenue $799,210 $548,363 +0.5%
Expenses $550,222 $500,222 +0.1%
Net Income $248,988 $48,141 +4.2%
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
5
Independent Members
5
Employees
N/A
Volunteers
10

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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Stacy Hammond McEver President 50
Highest
$78,666 $0 $78,666
Larry Corker Board Chair 1
Director
$0 $0 $0
Jeff Upshaw Board Member 0
Director
$0 $0 $0
Robert Thrasher Board Member N/A
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 No data No data No data No data
2023 $799,210 $550,222 $393,816 $248,988
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