THRIVE FOUNDATION

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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

2023

Legal Domicile

Principal Officer

KAREN LYNN MATIC

Phone

8474413516

Tax Period

2025-01-01 to 2025-12-31

THRIVE FOUNDATION, founded in 2023, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $301K in total revenue in fiscal year 2025. Revenue surged 100% from the prior year, signaling strong growth momentum.

Mission

NONE

Program Service Accomplishments

Program 1

Expenses: $173,931

COSTS INCURRED TO REBUILD LATRINES FOR IMPROVED HYGIENE FOR STUDENTS & STAFF ( $17,767). LAND PURCHASE TO EXPAND CAMPUS ($49,813). CONSTRUCTION COSTS RELATED TO ACCESS ROAD, DRAINAGE, AND NEW...

COSTS INCURRED TO REBUILD LATRINES FOR IMPROVED HYGIENE FOR STUDENTS & STAFF ( $17,767). LAND PURCHASE TO EXPAND CAMPUS ($49,813). CONSTRUCTION COSTS RELATED TO ACCESS ROAD, DRAINAGE, AND NEW BUILDINGS ($63,209) FINAL PAYMENTS RELATED TO SCHOOL BUS & OUTFITTING SAME ($43,142)

Program 2

Expenses: $43,426

MATERIAL AND LABOR TO CONSTRUCT & REHABILITATE OFFICES FOR SCHOOL ADMINISTRATION AND RELATED FACILITIES,

Program 3

Expenses: $45,201

MATERIAL AND LABOR TO CONSTRUCT AN INSTITUTIONAL KITCHEN TO PREPARE 700 MEAL SERVINGS PER DAY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $299,700

Program Service Revenue $0

Investment Income $1,678

Other Revenue $0

TOTAL REVENUE $301,378

Expense Breakdown

Grants Paid $273,515

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $273,515

Other Expenses $19,217

TOTAL EXPENSES $292,732

Year-over-Year Comparison

	2025	2024	Change
Revenue	$301,378	$150,815	+1.0%
Expenses	$292,732	$90,862	+2.2%
Net Income	$8,646	$59,953	-0.9%

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

N/A

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
KAREN LYNN MATIC	CHAITPERSON	20.00	Officer Director	$0	$0	$0
ALAIN BUTZBACH	SECRETARY	2.00	Officer Director	$0	$0	$0
ROBERT BARTELS	TREASURER	40.00	Officer Director	$0	$0	$0
JOSEPH CHEVALIER	DIRECTOR	2.00	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	$301,378	$292,732	$75,635	$8,646