Thrive Ministries Inc

What it reported doing in 2024

Thrive ministries, inc. Dba thrive childcare provides faith-based childcare and early education services to families in Oregon, oh, perrysburg, oh, and surrounding communities. We serve children ages 6 weeks to 13 years, caring for more than 250 children monthly and employing over 70 staff members. Our programs offer a loving, nurturing environment that supports each child's spiritual, cognitive, physical, emotional, and social growth. In addition to daily care, we provide engaging school age programs during the academic year, our camp thrive summer program, and family-focused resources such as family fun nights, educational seminars, and classes for parents and staff.both thrive childcare locations were the first in lucas and wood counties to receive endorsement from the Ohio healthy program (ohp), which promotes healthy eating, physical activity, and reduced screen time to help prevent childhood obesity and related health risks. Participation is voluntary and encourages active involvement from staff and families in establishing healthy habits and policies.our centers are gold rated through step up to quality (sutq), meeting or exceeding program standards set by the Ohio department of education and the Ohio department of job and family services. These standards are grounded in national research demonstrating improved outcomes for children.additionally, both centers are accredited by the association of christian schools international (acsi), a rigorous, voluntary process involving organizational self-study, community engagement, and continuous improvement to exceed local, state, and national standards. Acsi accreditation affirms our commitment to educational excellence based on a christian philosophy, aligns with national research-based standards, and provides families confidence in the quality and mission alignment of our programs.

Financial Efficiency

• Mission deployment rate: 98.2%; rating input score 98
• Program expense ratio: 92%; rating input score 92
• Fundraising efficiency: Limited

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: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 6 of 8 controls in place; rating input score 75
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: -6.7%; rating input score 17; 17th percentile among comparable filings
• Total-asset coverage ratio: 1.66; rating input score 55; 55th percentile among comparable filings
• Liabilities to assets ratio: 0.84; rating input score 9; 9th percentile among comparable filings
• Officer compensation ratio: 2.2%; rating input score 74; 74th percentile among comparable filings

Growth

• Program expense growth: 5.4% per year; rating input score 100; 42nd percentile among comparable filings
• Revenue growth: 5.4% per year; rating input score 100; 44th percentile among comparable filings
• Asset growth: 1.4% per year; rating input score 100; 17th percentile among comparable filings