THRIVE ASHEVILLE INC (EIN 871110868) - 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

2021

Legal Domicile

Principal Officer

LEAH FERGUSON

Phone

8282752289

Tax Period

2024-07-01 to 2025-06-30

THRIVE ASHEVILLE INC, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $656K in total revenue in fiscal year 2024. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $105K, a strong 16% operating margin.

Mission

THRIVE ASHEVILLE'S MISSION IS TO COLLABORATE WITH LOCAL RESIDENTS AND LEADERS FROM DIVERSE PERSPECTIVES TO UNDERSTAND OUR CITY'S CHALLENGES, FORGE NEW RELATIONSHIPS, AND ACT ON THE BEST SOLUTIONS TOGETHER.

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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 $655,879

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $655,879

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $283,767

Fundraising Expenses $39,513

Program Expenses $469,842

Other Expenses $256,633

TOTAL EXPENSES $550,400

Year-over-Year Comparison

	2024	2023	Change
Revenue	$655,879	$373,428	+0.8%
Expenses	$550,400	$495,187	+0.1%
Net Income	$105,479	$-121,759	-1.9%

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

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
MATT ALLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY CROSBY	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID FEINGOLD	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICK FITZSIMMONS	BOARD MEMBER	1.00	Director	$0	$0	$0
GEORGE GLACKIN	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA-GAYE HALL	BOARD MEMBER	1.00	Director	$0	$0	$0
KIM MCGUIRE	CHAIR	1.00	Officer Director	$0	$0	$0
PETE PEREZ	BOARD MEMBER	1.00	Director	$0	$0	$0
JUSTICE ROGERS	BOARD MEMBER	1.00	Director	$0	$0	$0
MISSY SHERBURNE	BOARD MEMBER	1.00	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
2025	$655,879	$550,400	$310,017	$105,479
2024	$373,428	$495,187	$209,152	$-121,759
2023	$505,309	$323,874	$335,036	$181,435
2022	$319,156	$178,687	$146,065	$140,469

THRIVE ASHEVILLE INC