ThriveSphere Athletics 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

2024

Legal Domicile

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 athletic programs, mentorship and scholarships.

Program Service Accomplishments

Program 1

2024 marked ThriveSphere Athletics Foundations inaugural year with our first official program commencing in July 2024. In this short time we successfully launched our flagship program, the NorStar...

2024 marked ThriveSphere Athletics Foundations inaugural year with our first official program commencing in July 2024. In this short time we successfully launched our flagship program, the NorStar Volleyball, which provides structured training, coaching, and competitive opportunities for youth athletes. We fielded 4 competitive teams with a total of 51 athletes and offered training sessions serving youth ages 12-17. These programs focused on building athletic skills, teamwork, resilience, and leadership, laying the foundation for long- term athlete development and growth of the NorStar program for future seasons.

Program 2

Scholarships and Financial Assistance - To ensure equitable access to sports, ThriveSphere provided direct financial support to families with demonstrated need. In 2024, we awarded $8800 in...

Scholarships and Financial Assistance - To ensure equitable access to sports, ThriveSphere provided direct financial support to families with demonstrated need. In 2024, we awarded $8800 in scholarships to help athletes participate fully in our programs by covering club dues and related expenses. In addition, we offered free clinics and lessons valued at $6280 to athletes who otherwise would not have been able to afford specialized training. These efforts reflect our mission to remove financial barriers so that all youth, regardless of background can access high-quality athletic opportunities.

Program 3

Community Outreach and Impact - Our commitment to community impact extended beyond the volleyball court. In 2024, we donated volleyball equipment to local schools, helping them strengthen their...

Community Outreach and Impact - Our commitment to community impact extended beyond the volleyball court. In 2024, we donated volleyball equipment to local schools, helping them strengthen their sports programs and provide more students with access to physical activity and team play. We also coordinated a holiday toy drive that collected and donated 164 toys (estimated value $4000) to Child Advocates of Silicon Valley, serving children in foster care. These outreach initiatives demonstrate ThriveSpheres holistic approach: not only developing athletes but also fostering a sense of community, service, and responsibility among the youth and families we serve.

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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 (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

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
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