Kingston, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THRIVE ON NETWORK INC, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $139K in total revenue in fiscal year 2022. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $159K exceeded revenue, resulting in a 14% operating deficit.
In 2021, THRIVE ON! advanced its mission of empowering communities through programs that cultivated leadership and addressed systemic inequities. The Early Thriver Program engaged young leaders in impactful initiatives, including creating an economic literacy summer program with MyKingstonKids, exploring housing inequities with advocates, and producing the bi-weekly "Thinking in the Margins" podcast to discuss global systemic change. Participants also partnered with Empower Kingston to promote energy equity for marginalized communities. With support from the NoVo Foundation, THRIVE ON! developed the Kingston Food Sovereignty Report, outlining strategies to combat food insecurity. Although a housing project faced challenges, it provided critical lessons in data-driven decision-making and community engagement. These efforts showcased THRIVE ON!'s dedication to developing future leaders, fostering equity, and building resilient systems for sustainable change.
In 2022, the organization completed the first 12 months of an 18-month research and development year, supported by the NoVo Foundation through our fiscal sponsor, Good Work Institute (GWI). This...
In 2022, the organization completed the first 12 months of an 18-month research and development year, supported by the NoVo Foundation through our fiscal sponsor, Good Work Institute (GWI). This period focused on defining our identity and strategy as a community development and economic development nonprofit, with an emphasis on supporting youth as long-term stewards of community change. Program expenses totaling $89,575.86 reflect our investment in a robust team of instructors and consultants who led research efforts, facilitated community engagement, and helped design our organizational infrastructure. Half of the Executive Director's salary was allocated to programmatic efforts, underscoring their direct role in shaping and implementing our mission. During this time, we also supported the restructuring of the Kingston Food Coop, positioning it as a community-owned initiative aligned with our values. This foundational work was critical in preparing for the launch of future youth-centered programs and broader community initiatives.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $139,340 | $214,481 | -0.4% |
| Expenses | $159,003 | $183,054 | -0.1% |
| Net Income | $-19,663 | $31,427 | -1.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Keyvious Avery | Founder + Executive Director | 35 |
Officer
Key Emp
Highest
|
$41,200 | $40,300 | $81,500 |
| Nicole Mermans | Founding Board Member | 10 |
Officer
|
$0 | $0 | $0 |
| Aman Advani | Founding Board Member | 10 |
Officer
|
$0 | $0 | $0 |
| Gregory McCollough | Founding Board Member | 10 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2022 | $139,340 | $159,003 | $11,764 | $-19,663 |
| 2021 | $213,750 | $182,070 | $31,682 | $31,680 |
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