THE THRIVE COOPERATIVE CENTER FOR … - Form 990 Financial Data

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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

DR NEAL FISCHBACK

Phone

2035904044

Tax Period

2023-01-01 to 2023-12-31

THE THRIVE COOPERATIVE CENTER FOR WELLNESS INC, founded in 2021, is a small nonprofit in the Health Care sector that reported $283K in total revenue in fiscal year 2023. The organization ran a surplus of $207K, a strong 73% operating margin.

Mission

TO GIVE ALL PEOPLE IMPACTED BY CANCER THE OPPORTUNITY TO THRIVE FROM DIAGNOSIS, THROUGH TREATMENT AND BEYOND.

Program Service Accomplishments

Program 1

Expenses: $67,712

OPERATION OF THRIVE COOPERATIVE CENTER FOR WELLNESS TRUMBULL, CONNECTICUT.

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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 $282,733

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $282,733

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $67,712

Other Expenses $75,829

TOTAL EXPENSES $75,829

Year-over-Year Comparison

	2023	2022	Change
Revenue	$282,733	N/A	N/A
Expenses	$75,829	N/A	N/A
Net Income	$206,904	N/A	N/A

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
SUE KMEC	EXECUTIVE DIRECTOR	50.00	Director	$0	$0	$0
DAVID TISDALE	DIRECTOR	2.00	Director	$0	$0	$0
MAUREEN PELLETIER	DIRECTOR	8.00	Director	$0	$0	$0
MELANIE LYNCH	DIRECTOR	1.00	Director	$0	$0	$0
TERESA MONEY MAHONEY	DIRECTOR	1.00	Director	$0	$0	$0
GAIL DIMINICO	DIRECTOR	5.00	Director	$0	$0	$0
NEAL FISCHBACH	PRESIDENT	10.00	Officer	$0	$0	$0
CHRISTINE COLETTA	SECRETARY	2.00	Officer	$0	$0	$0
ROBERT CRAFT	TREASURER	2.00	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	$282,733	$75,829	$207,873	$206,904

THE THRIVE COOPERATIVE CENTER FOR WELLNESS INC