Thrive Family Resource Center
Nonprofit profile at a glance
- EIN
- 822612625
- IRS 990 coverage
- 2017–2024
- Forms available
- Form 990 2024
- Location
- Rochester, MN, USA
- Phone
- 5072589055
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Child Day Care
Reported finances
- Revenue
- $1,153,839
- Expenses
- $1,084,067
- Assets
- $383,039
- Liabilities
- $70,908
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- JENNIFER HAZELTON (President)
People named in this filing
- JENNIFER HAZELTON (President)
- DELBERT LAWSON (Treasurer)
- PAIGE DIGHTON (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Thrive family resource center's mission is to help break the cycle of poverty by offering high quality child care and family support. We are building community, one family at a time.
What it reported doing in 2024
Providing child care to families in rochester, Minnesota with an emphasis on quality interactions, hands-on learning, social and emotional development and family partnerships. The organization programs focus on infants, toddlers and preschoolers.
Operating model
- Revenue model
- Earned-program. 78% 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. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 92
- Accountability: 82
- Sustainability: 43
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 79.2%; rating input score 79
- Program expense ratio: 84.1%; rating input score 84
- Fundraising efficiency: $60.46 raised per $1 spent on fundraising; rating input score 81; 81st percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 6%; rating input score 53; 53rd percentile among comparable filings
- Total-asset coverage ratio: 0.35; rating input score 16; 16th percentile among comparable filings
- Liabilities to assets ratio: 0.19; rating input score 33; 33rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 16.4% per year; rating input score 100; 77th percentile among comparable filings
- Revenue growth: 13.4% per year; rating input score 100; 75th percentile among comparable filings
- Asset growth: 6.2% per year; rating input score 100; 44th percentile among comparable filings
Details
- Where the money goes: 79.2% of revenue deployed · 84.1% of spending went to programs
- Governance: 8 of 8 board members independent · 4 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $912K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 26 of 26 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 8 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- High — Sustainability: Total-asset coverage ratio scored 16/100.
- Review — Sustainability: Operating margin scored 53/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 33/100.