Thrive Regional Partnership Inc
Nonprofit profile at a glance
- EIN
- 814427391
- IRS 990 coverage
- 2017–2024
- Forms available
- Form 990 2024
- Location
- Chattanooga, TN, USA
- Phone
- 4235413888
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Alliance/Advocacy
Reported finances
- Revenue
- $678,246
- Expenses
- $902,439
- Assets
- $711,079
- Liabilities
- $40,994
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
31 people listed
Executive titles in this filing
- BRIDGETT MASSENGILL (PRESIDENT/CEO)
Highest reported compensation
- BRIDGETT MASSENGILL (PRESIDENT/CEO): $156,479 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
See schedule oto develop, implement and sustain a vision for responsible and inspired growth for the next four decades. Through collaboration, communication, analytics and innovation, the thrive regional partnership will optimize community enhancement opportunities while protecting the natural treasures and landscapes that define this special place. To accomplish these goals, the thrive regional partnership will build and maintain a team of volunteers and staff dedicated to factual investigation, principles-based analysis, and dissemination of information to the public and the political, business, cultural and other leadership of the tristate region served by the partnership.
What it reported doing in 2024
Cradle of southern appalachia is a program to strengthen partnership-building and outreach within the conservation community and beyond- in the public/private sectors- through engagement activities that support the cradle of southern appalachia conservationvision.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 71
- Transparency & Controls: 65
- Accountability: 95
- Sustainability: 21
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 80.6%; rating input score 81
- Program expense ratio: 60.2%; rating input score 60
- Fundraising efficiency: $19.84 raised per $1 spent on fundraising; rating input score 58; 58th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- 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: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -33.1%; rating input score 5; 5th percentile among comparable filings
- Total-asset coverage ratio: 0.79; rating input score 35; 35th percentile among comparable filings
- Liabilities to assets ratio: 0.06; rating input score 50; 50th percentile among comparable filings
- Officer compensation ratio: 17.3%; rating input score 18; 18th percentile among comparable filings
Growth
- Program expense growth: 4.6% per year; rating input score 100; 40th percentile among comparable filings
- Revenue growth: 1.2% per year; rating input score 100; 20th percentile among comparable filings
- Asset growth: 15.9% per year; rating input score 100; 74th percentile among comparable filings
Details
- Where the money goes: 80.6% of revenue deployed · 60.2% of spending went to programs
- Governance: 30 of 30 board members independent · 7 of 8 filing controls reported
- Programs: 5 filed program accomplishments · $543K in reported program spending
- Leadership: top reported pay $156K · 31 people listed · 0 of 6 pay-setting controls reported
- Consistency: 28 of 28 current checks pass
- Schedules: 5 filed schedules · includes major donors and executive pay
- Filing history: 7 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Sustainability: Operating margin scored 5/100.
- Review — Financial Efficiency: Fundraising efficiency scored 58/100.
- Review — Accountability: Governance controls: Audit committee oversight not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
- High — Sustainability: Officer compensation ratio scored 18/100.
- Review — Sustainability: Liabilities to assets ratio scored 50/100.