THRIVE SPORTS (EIN 861935609) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

Principal Officer

PETER T MUN

Tax Period

2023-01-01 to 2023-12-31

THRIVE SPORTS, founded in 2020, is a small nonprofit in the Youth Development sector that reported $109K in total revenue in fiscal year 2022. Revenue surged 99% from the prior year, signaling strong growth momentum. The organization ran a surplus of $21K, a strong 20% operating margin.

Mission

DEVELOP EVERY CHILD'S TALENT'S AND ABILITIES, DISCOVER EVERY CHILD'S TALENT'S AND ABILITIES, AND DISCIPLE EVERY CHILD INTO FOLLOWERS OF JESUS SO THAT THEY CAN USE THEIR TALENTS AND ABILITIES TO ADVANCE GOD'S KINGDOM.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $138,786

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $138,786

Expense Breakdown

Grants Paid $2,370

Salaries & Benefits $61,980

Fundraising Expenses $0

Program Expenses $142,921

Other Expenses $78,571

TOTAL EXPENSES $142,921

Year-over-Year Comparison

	2023	2022	Change
Revenue	$138,786	$108,514	+0.3%
Expenses	$142,921	$87,248	+0.6%
Net Income	$-4,135	$21,266	-1.2%

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

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

N/A

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
PETER T MUN	PRESIDENT	80.00	Officer Director	$0	$0	$0
JANNIFER H MUN	TREASURER	0.00	Officer	$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	$138,786	$142,921	$17,131	$-4,135
2022	$108,514	$87,248	$21,266	$21,266

THRIVE SPORTS