Thrive Youth Center Inc

Nonprofit profile at a glance

EIN
471528452
IRS 990 coverage
2015–2024
Forms available
Form 990 2024, Form 990-N 2015
Location
San Antonio, TX, USA
Phone
2102122935
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Children's, Youth Services

Official website

Reported finances

Revenue
$2,224,421
Expenses
$1,980,731
Assets
$764,188
Liabilities
$23,795

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

Leadership & pay

11 people listed

Executive titles in this filing

  • MARTIN KEIGHLEY (PRESIDENT)
  • ALEX MOTTER (VICE PRESIDENT)
  • JUSTIN HOLLEY (EXECUTIVE DIRECTOR)

Highest reported compensation

  • JUSTIN HOLLEY (EXECUTIVE DIRECTOR): $88,019 total reported compensation

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

Overview

Mission

Our mission is to provide a safe and supportive center for homeless lgbtq youth so they may become productive, skilled, educated, and successful adults with the ability, opportunity, and possibility of achieving their dreams.

What it reported doing in 2024

Thrive was established as a 501(c)(3) organization in february 2015, at a time when no lgbtq+ specific homeless shelter existed in Texas. Our mission is to provide a safe, supportive place where lgbtq+ youth can heal from the trauma of homelessness, be affirmed in their identity, and be welcomed into the lgbtq+ community. We work to support our young adults experiencing homelessness at all points in their journey. For this reason, we work with unsheltered youth via our street outreach team to offer resources, make connections, and invite youth to shelter. Our emergency shelter supports youth as they work to findstability and move towards independence. We also work with eligible 18-24 year olds in our rapid re-housing program, supporting 45 youth a year in their own apartments. While the primary goal of all of our programs is to provide safe and supportive housing, we also work to support our youth holistically. Enrolled youth receive case management, life skills, education and employment support, benefits counseling, transition-related support, and no-cost psychiatric and therapeutic services. Over 81% of our clients exit our services with safe and secure housing, and approximately 70% of our young adults increase their earnings while enrolled in our program. We have supported over 600 young people in their journey out of homelessness.

Operating model

Revenue model
Grant-funded. 63% of the money available for current operations came from government grants.
Distribution model
Hybrid. The nonprofit split its reported program spending across 59% for direct work, and 41% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 94
  • Accountability: 100
  • Sustainability: 50
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 76.6%; rating input score 77
  • Program expense ratio: 86%; rating input score 86
  • Fundraising efficiency: $24.95 raised per $1 spent on fundraising; rating input score 65; 65th 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: 100%; rating input score 100; 72nd 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; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 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: 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: 11%; rating input score 64; 64th percentile among comparable filings
  • Total-asset coverage ratio: 0.39; rating input score 13; 13th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 76; 76th percentile among comparable filings
  • Officer compensation ratio: 4.4%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: 23.8% per year; rating input score 100; 89th percentile among comparable filings
  • Revenue growth: 22.8% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: 23.7% per year; rating input score 100; 88th percentile among comparable filings

Details

  • Where the money goes: 76.6% of revenue deployed · 86% of spending went to programs
  • Governance: 10 of 10 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.7M in reported program spending
  • Leadership: top reported pay $88K · 11 people listed
  • Consistency: 34 of 34 current checks pass
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 10 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Total-asset coverage ratio scored 13/100.
  • Review — Sustainability: Officer compensation ratio scored 58/100.