DREAM CENTER OF LAKELAND INC (EIN 010686634) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

DAN A MCBRIDE

Phone

8634130088

Tax Period

2023-01-01 to 2023-12-31

DREAM CENTER OF LAKELAND INC, founded in 2001, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2023. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $3.6M exceeded revenue, resulting in a 66% operating deficit.

Mission

A CHRISTIAN COMMUNITY CENTER THAT SERVES TO POSITIVELY IMPACT THE LIVES OF "AT-RISK" FAMILIES

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,193,471

Program Service Revenue $0

Investment Income $0

Other Revenue $-12,016

TOTAL REVENUE $2,181,455

Expense Breakdown

Grants Paid $2,961,557

Salaries & Benefits $0

Fundraising Expenses $6,234

Program Expenses $3,513,544

Other Expenses $669,943

TOTAL EXPENSES $3,631,500

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,181,455	$5,042,919	-0.6%
Expenses	$3,631,500	$3,359,827	+0.1%
Net Income	$-1,450,045	$1,683,092	-1.9%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

5500

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
M WAYNE BLACKBURN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DAN A MCBRIDE	PRESIDENT	1.00	Officer Director	$0	$0	$0
DOUGLAS W ENGLISH	SECRETARY/TREASURER-THRU 12/20/23	1.00	Officer Director	$0	$0	$0
ANDY WOJCIK	SECRETARY/TREASURER-AS OF 12/20/23	1.00	Officer Director	$0	$0	$0
CRAIG H ROTH	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS S RUTHERFORD	DIRECTOR	1.00	Director	$0	$0	$0
PAUL R WALLACE	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$2,181,455	$3,631,500	$1,384,118	$-1,450,045
2022	$5,042,919	$3,359,827	$2,896,218	$1,683,092
2021	$1,316,290	$1,158,172	$1,221,957	$158,118
2020	$1,210,574	$1,152,282	$1,100,579	$58,292
2019	$967,126	$828,605	$1,062,684	$138,521
2018	$1,018,001	$740,917	$949,376	$277,084

DREAM CENTER OF LAKELAND INC