Thrive City Church

EIN: 934452239 501(c)(3) Religion

Avondale, AZ

Total Revenue
$251,420
Total Expenses
$273,392
Total Assets
$-21,972
Net Assets
$-21,972
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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
AZ
Principal Officer
Gregory Colbert
Phone
6026211641
Tax Period
2024-01-01 to 2024-12-31

Thrive City Church, founded in 2023, is a small nonprofit in the Religion sector that reported $251K in total revenue in fiscal year 2024.

Mission

The mission of Thrive City Church is to reach those far from God, teach believers to become fully devoted followers of Christ, and release them to walk in their God-given purpose. We accomplish this through relevant Bible teaching, passionate worship, authentic relationships, and strategic outreach intiatives that impact both the church and the broader community.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $251,420
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $251,420

Expense Breakdown

Grants Paid $10,057
Salaries & Benefits $127,568
Fundraising Expenses $10,057
Program Expenses $198,622
Other Expenses $135,767
TOTAL EXPENSES $273,392

Year-over-Year Comparison

2024 2023 Change
Revenue $251,420 N/A N/A
Expenses $273,392 N/A N/A
Net Income $-21,972 $0 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

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
55

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
3
$60,979
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Saryta Colbert 25.00
Officer
$0 $0 $0
Gregory Colbert 40.00
Officer
$60,979 $0 $60,979
Chaney Zanders 25.00
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 $251,420 $273,392 $-21,972 $-21,972
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