Thrive Support and Advocacy Inc

Nonprofit profile at a glance

EIN
042532990
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Marlborough, MA, USA
Phone
5084854227
Rating
85
Verdict
STRONG
Rating confidence
Standard
Sector
Developmentally Disabled Centers

Official website

Reported finances

Revenue
$11,507,985
Expenses
$11,932,552
Assets
$5,062,947
Liabilities
$3,833,688

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • SEAN ROSE (PRESIDENT & CEO)

Highest reported compensation

  • SEAN ROSE (PRESIDENT & CEO): $301,016 total reported compensation
  • STACEY FORREST (CHIEF OPERATING OFFICER): $296,163 total reported compensation
  • MEG MULHERN (VP OF FINANCE & DEVELOPMENT): $150,760 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Thrive celebrates and nurtures the abilities of people with developmental disabilities in metrowest, worcester county, central Massachusetts, and beyond. Our organization provides the space, support, and resources to help individuals, caregivers and families thrive.

What it reported doing in 2024

Youth and family servicesfamilies have a variety needs and desires when caring for a loved one with intellectual or developmental challenges. As a family support center, thrive provides an array of supports including connecting participants and families to available services and resources; providing social and skill building opportunities for individuals and families; joining families through information caregiver workshops, and supporting participants with personal, medical, and daily living needs.thrive's social and recreational experiences are for individuals ages 7-25 (age ranges are flexible) with developmental or intellectual challenges. Thrive creates a sense of belonging and community. Thrive's experiences include social activities, social groups, special events, sports/recreation activities, field trips, gender or interest-specific social groups, sports teams, and creative pursuits such as pottery, painting and dance nights. Thrive also offers learning and educational experiences. The aim is to help discover what it takes to become leaders and improve the world around them.

Operating model

Revenue model
Grant-funded. 95% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 97% 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. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 88
  • Accountability: 94
  • Sustainability: 17
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.1%; rating input score 85
  • Program expense ratio: 82.1%; rating input score 82
  • Fundraising efficiency: $101.71 raised per $1 spent on fundraising; rating input score 85; 85th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 88.9%; rating input score 89; 21st percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -3.7%; rating input score 19; 19th percentile among comparable filings
  • Total-asset coverage ratio: 0.42; rating input score 12; 12th percentile among comparable filings
  • Liabilities to assets ratio: 0.76; rating input score 15; 15th percentile among comparable filings
  • Officer compensation ratio: 8.7%; rating input score 26; 26th percentile among comparable filings

Growth

  • Program expense growth: 9.8% per year; rating input score 100; 70th percentile among comparable filings
  • Revenue growth: 9.5% per year; rating input score 100; 72nd percentile among comparable filings
  • Asset growth: 10.3% per year; rating input score 100; 66th percentile among comparable filings

Details

  • Where the money goes: 85.1% of revenue deployed · 82.1% of spending went to programs
  • Governance: 8 of 9 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $9.8M in reported program spending
  • Leadership: top reported pay $301K · 13 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $137K reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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: Operating margin scored 19/100.
  • High — Sustainability: Total-asset coverage ratio scored 12/100.
  • High — Sustainability: Liabilities to assets ratio scored 15/100.
  • High — Sustainability: Officer compensation ratio scored 26/100.