Thrive Funds Inc (EIN 853349644) - Form 990 Financial Analysis & Trantor Score

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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

Principal Officer

Gisele Garraway

Phone

3175364746

Tax Period

2024-01-01 to 2024-12-31

Thrive Funds Inc, founded in 2020, is a small nonprofit in the Human Services sector that reported $280K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $267K left a modest 5% surplus.

Mission

Investing in the infrastructure of Americas working families to increase opportunity and economic mobility for all.

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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 $278,887

Program Service Revenue $0

Investment Income $0

Other Revenue $681

TOTAL REVENUE $279,568

Expense Breakdown

Grants Paid $2,524

Salaries & Benefits $0

Fundraising Expenses $25,399

Program Expenses $180,890

Other Expenses $264,117

TOTAL EXPENSES $266,641

Year-over-Year Comparison

	2024	2023	Change
Revenue	$279,568	$376,532	-0.3%
Expenses	$266,641	$382,023	-0.3%
Net Income	$12,927	$-5,491	-3.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gisele Garraway	President/Founder	30.00	Officer Director	$0	$0	$0
James Collins	Board Member	5.00	Director	$0	$0	$0
Steve Gillman	Board Member	5.00	Director	$0	$0	$0
Calvin Goah	Board Member	5.00	Director	$0	$0	$0
Shaun Greene	Board Member	5.00	Director	$0	$0	$0
Carl Horton	Board Member	5.00	Director	$0	$0	$0
Tracey Jackson	Board Secretary	5.00	Officer Director	$0	$0	$0
Jennifer Kean	Board Member	5.00	Director	$0	$0	$0
Jacob Mizrahi	Treasurer	5.00	Officer Director	$0	$0	$0
Marlo Underwood Collins	Board Vice Chair	5.00	Officer Director	$0	$0	$0
Ed Woo	Board Member	5.00	Director	$0	$0	$0
Yashire Zwisler	Board Member	5.00	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	$279,568	$266,641	$50,095	$12,927
2023	$376,532	$382,023	$29,428	$-5,491

Thrive Funds Inc