Thrive Learning Centers (EIN 872120255) - 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

Jeffrey R Woodcock

Phone

8586686389

Tax Period

2023-07-01 to 2024-06-30

Thrive Learning Centers, founded in 2021, is a small nonprofit in the Religion sector that reported $467K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year.

Mission

Operate a ministry to youth and families to raise up the next generation of spiritually mature, excellently developed children for the purpose of fully expressing their unique God given gifts and talents.

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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 (2023)

Revenue Breakdown

Contributions & Grants $448,280

Program Service Revenue $0

Investment Income $0

Other Revenue $18,532

TOTAL REVENUE $466,812

Expense Breakdown

Grants Paid $0

Salaries & Benefits $277,446

Fundraising Expenses $0

Program Expenses $185,937

Other Expenses $217,342

TOTAL EXPENSES $494,788

Year-over-Year Comparison

	2023	2022	Change
Revenue	$466,812	$543,261	-0.1%
Expenses	$494,788	$381,395	+0.3%
Net Income	$-27,976	$161,866	-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

$64,116

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Mikala Janse Van Rensburg	Operations Dir	Director	$47,667	$0	$47,667
Heather Dalton	Executive Dir.	Director	$16,449	$0	$16,449
Todd Burns	Director	Director	$0	$0	$0
Jeffrey R Woodcock	Director	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	No data	No data	No data	No data
2024	$466,812	$494,788	$262,180	$-27,976
2022	$517,017	$441,355	$147,627	$75,662

Thrive Learning Centers