ThriveSphere Athletics Foundation

EIN: 992823079 501(c)(3) Recreation & Sports

Milpitas, CA

Total Revenue
$393,173
Total Expenses
$147,698
Total Assets
$245,475
Net Assets
$245,475
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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
2024
Legal Domicile
CA
Principal Officer
Mohammed Taoufik
Phone
5103257214
Tax Period
2024-06-26 to 2024-12-31

ThriveSphere Athletics Foundation, founded in 2024, is a small nonprofit in the Recreation & Sports sector that reported $393K in total revenue in fiscal year 2024. The organization ran a surplus of $245K, a strong 62% operating margin.

Mission

ThriveSphere Athletics Foundation empowers youth through sports by providing access to training competition and mentorship

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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 $3,683
Program Service Revenue $389,490
Investment Income $0
Other Revenue $0
TOTAL REVENUE $393,173

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $147,698
TOTAL EXPENSES $147,698

Year-over-Year Comparison

2024 2023 Change
Revenue $393,173 N/A N/A
Expenses $147,698 N/A N/A
Net Income $245,475 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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
5

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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENECIA TAOUFIK DirectorSecretary 40.00
Director
$0 $0 $0
STUART HEMINGWAY Director 0.50
Director
$0 $0 $0
ISMAIL JORIO Treasurer 0.50
Officer Director
$0 $0 $0
MOHAMMAD TAOUFIK President 40.00
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 $393,173 $147,698 $245,475 $245,475
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