Thrive Washington

Nonprofit profile at a glance

EIN
204829769
IRS 990 coverage
2010–2018
Forms available
Form 990 2018
Location
Seattle, WA, USA
Phone
2066215555
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Kindergarten, Preschool, Nursery School, Early Admissions

Official website

Reported finances

Revenue
$2,530,780
Expenses
$3,737,880
Assets
$3,705,447
Liabilities
$192,678

Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

21 people listed

Executive titles in this filing

  • MOLLY M O'CONNOR (PRESIDENT/CEO)
  • DEBORAH JENSEN (INTERIM CEO/PRESIDENT/CEO)

Highest reported compensation

  • MOLLY M O'CONNOR (PRESIDENT/CEO): $154,450 total reported compensation
  • LIV WOODSTROM (VP CAPACITY BUILDING): $140,751 total reported compensation
  • ANDREA L MACKIN (VP FUND DEV): $130,838 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Thrive Washington advances high-quality early learning - with a commitment to innovation and equity - throughout Washington state. We work with partners to activate communities, advocate for young children and families, and influence public and private investment.

What it reported doing in 2018

Community momentumincludes: community momentum and advocacya strong early learning system is built through strong partnerships at the local, regional, tribal and state levels. For the past decade, thrive has helped fund and support the state's 10 early learning regional coalitions with its community momentum granting strategy. The regions are key to the implementation and sustainability of Washington state's early learning efforts. A strong regional infrastructure helps ensure that statewide and local organizations work together, tap into each other's wisdom, have the capacity to understand the changing demographics and needs of children and families, and set strategy to take action collectively so that all children have a greater opportunity to be successful in school and in life, particularly those furthest from opportunity.in addition to grants, thrive provides regular individual and group support to help the regions lead their community's early learning work. During the 2019 fiscal year, thrive provided capacity building assistance to the 10 coalitions, enabling them to expand and diversify membership, influence state-level policy at the department of early learning, and help plan their fifth annual advocacy day in olympia for regional representatives to meet one-on-one with their local legislators. Thrive also provided the coalitions with funds specifically to engage more parents in their advocacy work. Grants helped support local events, trainings and storytelling.during the 2019 fiscal year, the 10 individual coalitions joined together to form Washington communities for children (wcfc) and became a stand-alone organization. This was the last year that thrive will serve as an intermediary for early learning regional coalition funds. Thrive and wcfc used the fiscal year to transition knowledge.

Operating model

Revenue model
Earned-program. 72% of the money available for current operations came from fees and other program revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 67% for direct work, and 33% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 87
  • Accountability: 91
  • Sustainability: 24
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 71.7%; rating input score 72
  • Fundraising efficiency: $3.54 raised per $1 spent on fundraising; rating input score 13; 13th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 71st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -47.7%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 0.99; rating input score 43; 43rd percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 75; 75th percentile among comparable filings
  • Officer compensation ratio: 17.2%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: -22.8% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: -7.3% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: -6.6% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 71.7% of spending went to programs
  • Governance: 12 of 12 board members independent · 7 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $2.7M in reported program spending
  • Leadership: top reported pay $154K · 21 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $129K reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 9 filing years from 2010 to 2018
  • Contacts: How to reach this organization
  • Money network: 18 filed money-flow records
  • Related organizations: 12 filed related-organization links
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Financial Efficiency: Fundraising efficiency scored 13/100.
  • High — Sustainability: Operating margin scored 2/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 43/100.
  • High — Sustainability: Officer compensation ratio scored 12/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.