Civic Intelligence

Thrive Behavioral Health Inc

EIN 51-0189278 • 501(c)3 • Warwick, RI

Profile

To render behavioral health services to the residents of the kent county area of rhode island.

2756 Post Road 104Warwick, RI 02886

www.thekentcenter.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

71st percentile

0.47x

Higher debt load relative to assets than 71% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

48th percentile

0.26x

Higher debt load relative to revenue than 48% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

51st percentile

4.5%

Higher net margin than 51% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

68th percentile

$348,692

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

82nd percentile

18%

Faster asset growth than 82% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

60th percentile

12%

Faster revenue growth than 60% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$16,560,389

Up $2,557,237 (+18%) from 2023

Liabilities

Up

$7,716,345

Up $1,224,771 (+19%) from 2023

Net Assets

Up

$8,844,044

Up $1,332,466 (+18%) from 2023

Revenue

Up

$29,580,972

Up $3,251,255 (+12%) from 2023

Expenses

Up

$28,248,506

Up $3,127,873 (+12%) from 2023

Net Income

Up

$1,332,466

Up $123,382 (+10%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2010: $6,057,332Liabilities 2010: $2,163,975Net Assets 2010: $3,893,3572010Assets 2011: $6,137,299Liabilities 2011: $1,763,254Net Assets 2011: $4,374,0452011Assets 2012: $6,315,514Liabilities 2012: $1,957,784Net Assets 2012: $4,357,7302012Assets 2013: $10,527,246Liabilities 2013: $6,303,234Net Assets 2013: $4,224,0122013Assets 2014: $10,416,943Liabilities 2014: $6,184,660Net Assets 2014: $4,232,2832014Assets 2015: $9,894,254Liabilities 2015: $6,239,710Net Assets 2015: $3,654,5442015Assets 2016: $9,375,903Liabilities 2016: $5,834,680Net Assets 2016: $3,541,2232016Assets 2017: $11,067,087Liabilities 2017: $7,551,620Net Assets 2017: $3,515,4672017Assets 2018: $11,148,513Liabilities 2018: $7,907,074Net Assets 2018: $3,241,4392018Assets 2019: $9,924,706Liabilities 2019: $6,687,620Net Assets 2019: $3,237,0862019Assets 2020: $12,081,301Liabilities 2020: $8,630,349Net Assets 2020: $3,450,9522020Assets 2021: $11,982,314Liabilities 2021: $6,715,359Net Assets 2021: $5,266,9552021Assets 2022: $12,993,911Liabilities 2022: $6,691,417Net Assets 2022: $6,302,4942022Assets 2023: $14,003,152Liabilities 2023: $6,491,574Net Assets 2023: $7,511,5782023Assets 2024: $16,560,389Liabilities 2024: $7,716,345Net Assets 2024: $8,844,0442024

Highlighted filing

2024

Assets$16,560,389
Liabilities$7,716,345
Net Assets$8,844,044

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10MExpenses 2010: $13,187,6132010Expenses 2011: $13,191,5452011Expenses 2012: $13,497,0282012Expenses 2013: $13,354,1652013Revenue 2014: $13,037,039Expenses 2014: $13,028,768Net Income 2014: $8,2712014Revenue 2015: $12,769,970Expenses 2015: $13,373,013Net Income 2015: -$603,0432015Revenue 2016: $13,059,284Expenses 2016: $13,172,617Net Income 2016: -$113,3332016Revenue 2017: $14,303,501Expenses 2017: $14,785,281Net Income 2017: -$481,7802017Revenue 2018: $20,748,163Expenses 2018: $21,005,415Net Income 2018: -$257,2522018Revenue 2019: $21,229,115Expenses 2019: $21,197,018Net Income 2019: $32,0972019Revenue 2020: $20,542,286Expenses 2020: $20,328,423Net Income 2020: $213,8632020Revenue 2021: $23,040,552Expenses 2021: $21,224,549Net Income 2021: $1,816,0032021Revenue 2022: $23,053,495Expenses 2022: $22,017,956Net Income 2022: $1,035,5392022Revenue 2023: $26,329,717Expenses 2023: $25,120,633Net Income 2023: $1,209,0842023Revenue 2024: $29,580,972Expenses 2024: $28,248,506Net Income 2024: $1,332,4662024

Highlighted filing

2024

Revenue$29,580,972
Expenses$28,248,506
Net Income$1,332,466

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.6$7.72$8.84$29.6$28.2$1.33
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.0$6.49$7.51$26.3$25.1$1.21
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.0$6.69$6.30$23.1$22.0$1.04
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.0$6.72$5.27$23.0$21.2$1.82
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.1$8.63$3.45$20.5$20.3$0.21
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.92$6.69$3.24$21.2$21.2$0.03
2018Summary only. Only limited summary data is available for this year.$11.1$7.91$3.24$20.7$21.0$0.26
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.1$7.55$3.52$14.3$14.8$0.48
2016Detailed filing. Detailed filing data is available for this year.$9.38$5.83$3.54$13.1$13.2$0.11
2015Detailed filing. Detailed filing data is available for this year.$9.89$6.24$3.65$12.8$13.4$0.60
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.4$6.18$4.23$13.0$13.0$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.5$6.30$4.22$13.4
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.32$1.96$4.36$13.5
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.14$1.76$4.37$13.2
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.06$2.16$3.89$13.2
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 13, 2025
Return Version
2023v6.0
Gross Receipts
$29,590,841
Mission and Program Overview

Mission

To render behavioral health services to the residents of the kent county area of rhode island.

Thrive behavioral health is inspiring hope and empowering the lives of individuals and families facing behavioral health challenges through an extensive range of mental health services, substance use treatment, educational programs, and housing services that are recovery-oriented, trauma-informed, and family-focused. Our experienced and dedicated professionals are committed to improving clients' quality of life and assisting in their recovery.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$2,260,406$6,359,914▲ $4,099,508
Land, Buildings, and Equipment, Net$6,317,429$6,305,301▼ $12,128
Prepaid Expenses and Deferred Charges$376,069$814,711▲ $438,642
Cash and Non-Interest-Bearing Accounts$2,678,162$668,172▼ $2,009,990
Savings and Temporary Cash Investments$90,089$604,180▲ $514,091
Other Notes and Loans Receivable, Net$185,825$113,636▼ $72,189
Investments Other Securities$189,485$78,748▼ $110,737
Pledges and Grants Receivable$64,482--
Total Assets$14,003,152$16,560,389▲ $2,557,237
Other Assets Total$1,841,205$1,615,727▼ $225,478
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,967,969$3,817,359▼ $150,610
Accounts Payable and Accrued Expenses$1,534,817$2,039,054▲ $504,237
Other Liabilities$988,788$1,859,932▲ $871,144
Total Liabilities$6,491,574$7,716,345▲ $1,224,771
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,262,718$8,456,562▲ $1,193,844
Net Assets With Donor Restrictions$248,860$387,482▲ $138,622
Total Net Assets Fund Balance$7,511,578$8,844,044▲ $1,332,466
Total Liabilities and Net Assets / Fund Balance$14,003,152$16,560,389▲ $2,557,237

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,601,769$2,233,464$6,835,233
Leasehold Improvements$588,337$930,346$1,518,683
Equipment$69,925$1,266,799$1,336,724
Land$957,500-$957,500
Other Land Buildings$87,770$197,714$285,484
Other Assets Org$514,906--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$126,526-▲ $17,101-$138,195
2022$141,189-▼ $9,320-$126,526
2021$141,189-▲ $5,073-$141,189
2020$108,356-▲ $37,707-$141,189
2019$114,277-▼ $66-$108,356
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Daisy BassenMedical DirectorFT$331,787$16,905$348,692
Nebyou BelayPsychiatristFT$282,189$18,782$300,971
Liliya KoyfmanPsychiatristPT$235,844$14,029$249,873
Daniel Kubas-meyerPresident/CEOFT$160,723$16,683$177,406
Cathy KennedyPsychiatric Clinical Nurse SpecialistFT$167,918$8,689$176,607
Cathy KennedyPsychiatric Clinical Nurse Specialis-$167,918$8,689$176,607
Kevin CoteCFOFT$141,909$15,821$157,730
Barbara LamoureuxVice President - Y&f ServicesFT$115,183$14,434$129,617
Gregg EtterPsychiatristPT$114,953$12,063$127,016
Elisabeth KornbleeChief Clinical Officer (until 5/23)FT$50,278$3,244$53,522

Board Members and Trustees

NameTitle
Jennifer WheelehonChair
Christine KingVice Chair
Carolyn SouzaDirector
James AlexanderDirector
Jennifer StoudtDirector
Judith DrewDirector
Michael RaspalloDirector
PAUL O'REILLYDirector
Paul CouncilDirector
Robert WadddicorDirector
Robert WalkerDirector
Ronald WhitcombDirector
Yonatan De La CruzDirector
Sharlyn MartinezDirector (10/23 - 5/24)
Dylan ConleyDirector (until 10/23)
Stephen GumbleyDirector (until 5/24)
Mark DelaneyDirector (until 9/23)
Michael MccaffreySecretary
Frederick Reinhardt IiiTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Mindy S Rosenbloom Md INCPsychiatry26 BOSWORTH ST SUITE 5, Barrington, RI 02806$104,283
Revenue and Support

Revenue Composition

Contributions and Grants
$14,497,145
Program Service Revenue
$14,948,570
Investment Income
$66,302
Other Revenue
$68,955
All Other Contributions
$349,537
Change in Net Assets
$1,332,466

Audited Revenue Reconciliation

Revenue per Audited Statements
$29,590,841
Revenue Not Reported on Financial Statements
$-9,869
Revenue Not Reported on Form 990
$366,480
Other Revenue Adjustments
$-9,869
Total Revenue per Audited Statements
$29,957,321
Total Revenue per Form 990
$29,580,972
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$20,173,409
Other Expenses$8,075,097
Total Fundraising Expense$75,342
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$14,238,024$1,692,854$52,978$15,983,856
Other Employee Benefits$1,734,014$197,078$5,732$1,936,824
Payroll Taxes$1,099,791$140,086$3,609$1,243,486
Fees for Services Other$584,651$551,861$514$1,137,026
Office Expenses$527,270$419,123$8,258$954,651
Occupancy$744,838$55,401$1,306$801,545
Current Officers, Directors, Trustees, and Key Employees$381,867$350,526-$732,393
Insurance$465,878$54,045$1,350$521,273
Travel$244,046$42,383$21$286,450
Pension Plan Contributions$249,566$26,448$836$276,850
Depreciation Depletion$205,397$55,013$210$260,620
Interest-$198,972-$198,972
Fees for Services Accounting-$140,169-$140,169
Other Expenses$44,598$97,290$1$44,599
Fees for Services Legal-$14,037-$14,037
Advertising-$1,335-$1,335
Total Functional Expenses$24,134,261$4,038,903$75,342$28,248,506

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$28,624,855
Expenses per Audited Statements$28,248,506
Total Expenses per Form 990$28,248,506
Expenses Not Reported on Form 990$376,349
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$9,869
Fundraising Gross Income$9,869
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Raising the Bar$35,609$9,869$4,185$5,684
Total Events$35,609$9,869$9,869$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of Credit$593,617
Lease Liability - Operating$514,906
Refundable Advance$505,441
Security Deposits Withheld$219,086
Client Funds$26,882
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 is distributed to all board members and reviewed with them at the board meeting prior to filing.

Form 990, Part VI, Section B, Line 12C

The organization monitors and enforces compliance with the conflict of interest policy by providing a copy of the policy to board members annually. Board members are required to read through the policy and sign off to confirm compliance with the policy.

Form 990, Part VI, Section B, Line 15

The board chair, in consultation with the executive committee, reviews the president's salary and makes recommendations. All other officers and key thrive behavioral health, inc. Employees are handled by human resources in consultation with the president and according to the organization's policies.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy and financial statements are made available to the public upon request. All documents are maintained at the organization's office.

Filing and Contact Details

Filer

Filer Name
Thrive Behavioral Health Inc
EIN
51-0189278
Phone
4016916000
Address
2756 POST ROAD 104, WARWICK, RI 02886

Signing Officer

Name
Tamra Ringeling
Title
Interim President & COO
Phone
4016916000
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tamra Ringeling
Formed
1975
Legal Domicile
Ri
Voting Board Members
15
Independent Board Members
15
Employees
364
Volunteers
39

Preparer

Firm
Aafcpas Inc
Address
50 WASHINGTON STREET, WESTBOROUGH, MA 01581
Preparer
Caitlin Limoges CPA
Phone
5083669100
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The finance committee reviews the annual audited financial statements with representatives from the audit firm. Once the report is approved by the committee, it is presented to the board of directors for approval. This process has not changed from the prior years.

Financial Statement Notes

PART V, LINE 4:

Annual distributions from the endowment fund are paid to and for the support of the organization according to the spending rule in effect at the time. The current spending rule is 4.5% to be paid annually for the support of the organization's operations in keeping with the rhode island foundation's charitable purpose. The organization may request a distribution of up to 20% of the principal of the fund for extraordinary emergency purposes with final approval at the discretion of the foundation.

PART X, LINE 2:

The organization accounts for uncertainty in income taxes in accordance with asc topic, income taxes. This standard clarifies the accounting for uncertainty in tax positions and prescribes a recognition threshold and measurement attribute for the combined financial statements regarding a tax position taken or expected to be taken in a tax return. The organization has determined that there are no uncertain tax positions which qualify for either recognition or disclosure in the combined financial statements at june 30, 2024. The organization's information returns are subject to examination by the federal and state jurisdictions.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Fundraising expenses -9,869.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses 9,869.

Raw XML AppendixShowing 400 of 988 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0THRIVE BEHAVIORAL HEALTH IS INSPIRING HOPE AND EMPOWERING THE LIVES OF INDIVIDUALS AND FAMILIES FACING BEHAVIORAL HEALTH CHALLENGES THROUGH AN EXTENSIVE RANGE OF MENTAL HEALTH SERVICES, SUBSTANCE USE TREATMENT, EDUCATIONAL PROGRAMS, AND HOUSING SERVICES THAT ARE RECOVERY-ORIENTED, TRAUMA-INFORMED, AND FAMILY-FOCUSED. OUR EXPERIENCED AND DEDICATED PROFESSIONALS ARE COMMITTED TO IMPROVING CLIENTS' QUALITY OF LIFE AND ASSISTING IN THEIR RECOVERY.
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