Together We Thrive

Nonprofit profile at a glance

EIN
832951879
IRS 990 coverage
2021–2024
Forms available
Form 990 2024, Form 990-EZ 2020
Location
Dallas, TX, USA
Phone
9725913738
Rating
85
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$593,910
Expenses
$626,667
Assets
$297,954
Liabilities
$19,331

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

Leadership & pay

13 people listed

Executive titles in this filing

  • Tracey Hardwick (Executive Director)

Highest reported compensation

  • Tracey Hardwick (Executive Director): $41,209 total reported compensation

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

Overview

Mission

Together We Thrive aims to connect vulnerable homeless foster and sex-trafficked youth across North Texas with their community. We commit to walk beside these youth while helping them rewrite their future. We seek to replace labels of loneliness and hopelessness that once defined them with opportunities and the ability to get to a place of sustainability. Transforming lives that transform communities!

What it reported doing in 2024

Life Coaches are an extension of staff administration and directors in public schools transitional homes and the juvenile system. The foundation of our program begins with building a solid and trustworthy relationship with these young people. We work one-on-one to build relationships that allow these youth to take their Life Coach into their past to address past and current situations that are currently keeping these young people from thriving and reaching their dreams removing labels they did not choose nor deserve. Once a trust has been established we work on identity financial stability skills and how to give back. Once our youth have gotten to a place where they are moving forward we begin to expand their circles by introducing a volunteer or Community Coach that allows them to connect better with their community grow their friend base and begin giving back.

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.
  • 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. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 86
  • Accountability: 90
  • Sustainability: 29
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93.8%; rating input score 94
  • Program expense ratio: 88.8%; rating input score 89
  • Fundraising efficiency: $9.98 raised per $1 spent on fundraising; rating input score 38; 38th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 16th percentile among comparable filings
  • Pay-setting controls: Limited
  • 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: 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: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -5.5%; rating input score 23; 23rd percentile among comparable filings
  • Total-asset coverage ratio: 0.48; rating input score 22; 22nd percentile among comparable filings
  • Liabilities to assets ratio: 0.06; rating input score 49; 49th percentile among comparable filings
  • Officer compensation ratio: 6.6%; rating input score 48; 48th percentile among comparable filings

Growth

  • Program expense growth: 54.3% per year; rating input score 100; 96th percentile among comparable filings
  • Revenue growth: 18.1% per year; rating input score 100; 83rd percentile among comparable filings
  • Asset growth: 11.6% per year; rating input score 100; 64th percentile among comparable filings

Details

  • Where the money goes: 93.8% of revenue deployed · 88.8% of spending went to programs
  • Governance: 12 of 12 board members independent · 6 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $557K in reported program spending
  • Leadership: top reported pay $41K · 13 people listed
  • Consistency: 42 of 43 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 4 filing years from 2021 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.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 38/100.
  • High — Sustainability: Operating margin scored 23/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Total-asset coverage ratio scored 22/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 48/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 49/100.