The Thrive Foundation Inc
Nonprofit profile at a glance
- EIN
- 830803898
- IRS 990-EZ coverage
- 2021–2023
- Forms available
- Form 990-EZ 2023, Form 990-N 2020
- Location
- Alexandria, MN, USA
- Phone
- 7632345295
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Rehabilitative Medical Services
- Affiliation
- Christianity
Reported finances
- Revenue
- $170,381
- Expenses
- $146,156
- Assets
- $35,054
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- ANGELA OCHSENDORF (PRESIDENT)
People named in this filing
- JEROD OCHSENDORF (SECRETARY/TR)
- ANGELA OCHSENDORF (PRESIDENT)
- NEIL ROHE (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To further christian-based principles, wellness and healthcare throughout the world
What it reported doing in 2023
The thrive foundation organizes an annual seminar that gives individuals the knowledge to make informed decisions in their healthcare. In 2023 almost 1,750 individuals attended the seminar in person and another 2,550 watched online.
Operating model
- Revenue model
- Earned-program. 79% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 100
- Sustainability: 45
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.9%; rating input score 82
- Program expense ratio: 95.5%; rating input score 95
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 14.2%; rating input score 66; 66th percentile among comparable filings
- Total-asset coverage ratio: 0.24; rating input score 21; 21st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 7.8% per year; rating input score 100; 60th percentile among comparable filings
- Asset growth: 79.3% per year; rating input score 100; 97th percentile among comparable filings
Details
- Where the money goes: 81.9% of revenue deployed · 95.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $140K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2021 to 2023
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Total-asset coverage ratio scored 21/100.